What is the process of transferring ownership of physical bitcoins?

1 answers

• Nov 26, 2021 · 3 years ago
  When it comes to transferring ownership of physical bitcoins, the process is quite simple. First, the seller and buyer agree on the terms of the transfer, including the price and any additional conditions. Then, the seller generates a new public key and private key pair for the buyer. The seller then transfers the physical bitcoins to the buyer, who verifies the authenticity of the coins. Once verified, the buyer provides their public key to the seller. The seller signs a transaction transferring the ownership of the coins to the buyer's public key. Finally, the buyer broadcasts the transaction to the Bitcoin network, and once confirmed, the ownership of the physical bitcoins is officially transferred to the buyer. I hope this explanation clarifies the process for you. If you have any more questions, feel free to ask.
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