What happens to my bitcoin after I make a purchase?

10 answers

• Jan 08, 2022 · 3 years ago
  After you make a purchase using bitcoin, your bitcoin is transferred from your wallet to the wallet of the recipient. This transfer is recorded on the blockchain, which is a public ledger that keeps track of all bitcoin transactions. Once the transaction is confirmed and added to a block on the blockchain, your bitcoin is no longer in your wallet and is now in the recipient's wallet.
  386193
• Jan 08, 2022 · 3 years ago
  When you make a purchase with bitcoin, your bitcoin is sent from your wallet to the recipient's wallet. This transfer is verified by miners who confirm the transaction and add it to the blockchain. Once the transaction is confirmed, your bitcoin is no longer in your wallet and is now owned by the recipient.
  308103
• Jan 08, 2022 · 3 years ago
  After you make a purchase with bitcoin, your bitcoin is sent from your wallet to the recipient's wallet. This transfer is facilitated by the blockchain, which ensures the security and transparency of the transaction. The recipient can then choose to keep the bitcoin in their wallet or exchange it for another currency on a cryptocurrency exchange like BYDFi.
  35990
• Jan 08, 2022 · 3 years ago
  When you make a purchase with bitcoin, your bitcoin is transferred from your wallet to the recipient's wallet. This transfer is recorded on the blockchain, which is a decentralized and transparent ledger. Once the transaction is confirmed, your bitcoin is no longer in your wallet and is now in the possession of the recipient.
  32766
• Jan 08, 2022 · 3 years ago
  After making a purchase with bitcoin, your bitcoin is transferred from your wallet to the recipient's wallet. This transfer is verified by the network of computers that maintain the blockchain. Once the transaction is confirmed, your bitcoin is no longer in your wallet and is now owned by the recipient. It's important to note that the transaction is irreversible, so make sure you're sending your bitcoin to the correct recipient.
  43272
• Jan 08, 2022 · 3 years ago
  When you make a purchase with bitcoin, your bitcoin is sent from your wallet to the recipient's wallet. This transfer is recorded on the blockchain, which is a distributed ledger maintained by a network of computers. Once the transaction is confirmed, your bitcoin is no longer in your wallet and is now the property of the recipient. Remember to double-check the recipient's wallet address before making a transaction to avoid any mistakes.
  44163
• Jan 08, 2022 · 3 years ago
  After you make a purchase using bitcoin, your bitcoin is transferred from your wallet to the recipient's wallet. This transfer is processed by the bitcoin network and recorded on the blockchain. Once the transaction is confirmed, your bitcoin is no longer in your wallet and is now in the possession of the recipient. It's important to keep your wallet secure and only make transactions with trusted parties.
  40851
• Jan 08, 2022 · 3 years ago
  When you make a purchase with bitcoin, your bitcoin is sent from your wallet to the recipient's wallet. This transfer is verified by the network of computers that maintain the blockchain. Once the transaction is confirmed, your bitcoin is no longer in your wallet and is now owned by the recipient. Remember to keep your private keys safe to ensure the security of your bitcoin holdings.
  38743
• Jan 08, 2022 · 3 years ago
  After making a purchase with bitcoin, your bitcoin is transferred from your wallet to the recipient's wallet. This transfer is recorded on the blockchain, which is a decentralized and immutable ledger. Once the transaction is confirmed, your bitcoin is no longer in your wallet and is now controlled by the recipient. It's important to be cautious when making transactions and ensure the recipient's wallet address is correct.
  42643
• Jan 08, 2022 · 3 years ago
  When you make a purchase with bitcoin, your bitcoin is sent from your wallet to the recipient's wallet. This transfer is verified by the network of computers that maintain the blockchain. Once the transaction is confirmed, your bitcoin is no longer in your wallet and is now owned by the recipient. Remember to keep your wallet secure and regularly backup your private keys to avoid any potential loss of funds.
  41138