PART SEVEN

Example of sending and receiving crypto

Alice wants to send 0.001 BTC to Bob.

Step 1: Bob Shares His Bitcoin Address

Bob opens his Bitcoin wallet (like Exodus, Trust Wallet, or a hardware wallet like Ledger) and finds his Bitcoin receiving address. It looks like this:

Bob’s Address: bc1q4df6xj9h7...8xfh

He copies it and sends it to Alice via email, text, or QR code.

Step 2: Alice Sends Bitcoin

1. Alice opens her own Bitcoin wallet.

2. She clicks “Send”.
   

3. She pastes Bob’s address into the recipient field.
   

4. She enters the amount: 0.001 BTC.
   

5. She reviews the transaction details.
   

6. She clicks “Send”.
   

The wallet may show a network fee (for miners to process the transaction), like 0.00005 BTC.

Step 3: Bob Receives the Bitcoin

Within a few minutes (or up to an hour, depending on the fee and network traffic), Bob’s wallet shows:

+0.001 BTC received

• The transaction will get “confirmed” by the blockchain (usually 1–6 confirmations is standard for trust).

• Bob can now use or hold his Bitcoin.

Key Concepts for the Demo

• Public Address (like an email address): safe to share.
  

• Private Key/Seed Phrase: never share this. It gives access to your funds.
  

• Fees: small, paid to Bitcoin miners.
  

• Confirmations: time it takes for the transaction to be verified by the blockchain.