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How to send crypto?
How to send crypto?
Adrian avatar
Written by Adrian
Updated over a week ago

Send crypto to your IN1 Friends, crypto address, or by scanning a QR code.

Open the drop-down instruction by clicking on a triangle:

How to send crypto to your IN1 Friends:

  1. Head to the “Crypto” tab at the bottom, then tap "Portfolio" at the top.

  2. Choose the crypto you want to send and tap “Send”.

    • If it's your first time sending crypto, you'll be asked to allow access to your contacts.

    • If you've denied it in the past, you can grant it at the bottom of the screen.

  3. Choose to send crypto to IN1 Friends.

    • You can find your IN1 Friends by phone, name, or crypto address.

  4. Continue and enter the amount to send.

    • You can change the cryptocurrency to send with a swap icon or by tapping its name:

    • You can also change the payment method with a drop-down arrow:

  5. On the next screen, review the transfer details and applicable fees.

  6. Confirm the transaction.

How to send crypto to a wallet address:

  1. Head to the “Crypto” tab at the bottom, then tap "Portfolio" at the top.

  2. Choose the crypto you want to send and tap “Send”.

  3. Choose "Crypto network".

  4. Paste the recipient's wallet address. (It's better to copy and paste an address than enter it manually to avoid a mistake).

    • Make sure that the wallet address is correct since crypto transactions are irreversible.

  5. Proceed with tapping "Transfer via crypto network".

    • Check the “My wallet address” box if you are sending crypto to yourself. This will autofill the recipient's name.

  6. Make sure to select the correct Network. If you are unsure which one to choose, ask the recipient. Choosing the wrong Network when sending a transfer can result in losing funds.

  7. Continue and enter the amount to send.

    • You can change the cryptocurrency to send with a swap icon or by tapping its name:

    • You can also change the payment method with a drop-down arrow:

  8. On the next screen, review the transfer details and applicable fees.

  9. Confirm the transaction.

How to send crypto via QR code:

  1. Head to the “Crypto” tab at the bottom, then tap "Portfolio" at the top.

  2. Choose the crypto you want to send and tap “Send”.

  3. Scan a person's QR code by tapping a QR icon on the right or the "Scan QR" button:

  4. Make sure to select the correct Network. If you are unsure which one to choose, ask the recipient. Choosing the wrong Network when sending a transfer can result in losing funds.

  5. Continue and enter the amount to send.

    • You can change the cryptocurrency to send with a swap icon or by tapping its name:

    • You can also change the payment method with a drop-down arrow:

  6. On the next screen, review the transfer details and applicable fees.

  7. Confirm the transaction.

The exchange rate for each crypto transaction is live. The exchange rate you see before confirming the transaction can differ when you actually confirm it.


FAQ:

How does sending crypto work?

If you are sending crypto from the same crypto balance (Bitcoin from Bitcoin), it simply gets transferred to the recipient's wallet. But if you are sending crypto from a different crypto balance, IN1 Account, external card, or a linked bank account, two operations happen:

  1. The crypto is converted from your payment method.

  2. The converted amount is transferred to the recipient's wallet.

Please note that you can experience higher fees when sending crypto from a card or a linked bank account other than your IN1 Account.

How does a QR code work?

When you scan a person's QR code to make a crypto transfer, the deposit address is automatically filled in, making the process more convenient.

What are the available payment methods for sending crypto?

You can send your crypto of choice directly or by converting it from your IN1 Account, external card, linked bank account, or other crypto.

How long does a crypto transfer take?

Usually, a crypto transfer takes from 10 minutes to 2 hours. However, crypto transfer times can still vary greatly, ranging from ten minutes to one day. It depends on the chosen cryptocurrency and the level of network congestion. If there is too much traffic on a network (many people are buying, sending, and selling), its average speed will be slower.

You can monitor the status of your transaction by tapping it while on the "Cards" tab.

When you send crypto from your IN1 Account to another IN1 Account, the process is easier, you pay no fees, and it is almost instant.

What is a crypto network, and which one should I choose?

Simply put, a crypto network is a system of computers spread out across the world that help people send, receive, and store their cryptocurrency. These computers work together to check and record every transaction. It is like a big, shared ledger that everyone in the network can see, ensuring accuracy and security. Each transaction is added to this record, and everyone in the network has an updated copy.

Generally, coins run on their own blockchain, and you won't have to choose one of the networks to make a transfer. However, tokens use other blockchains to work and will require you to choose the network. Generally, you will have a couple of options, the main difference being the fee amount and the transfer time.

For example, Bitcoin (BTC) and Ethereum (ETH) run on their own "Bitcoin" and "ERC-20" networks, and you won't have to choose a network for a transfer. Meanwhile, USDT can be sent via Ethereum (ERC-20) or Tron (TRC-20) networks.

Choosing the wrong network when sending a transfer can result in losing funds.

Why is IN1 requesting access to my contacts?

By allowing access to your contacts, you'll be able to find IN1 friends from your contacts quickly and send them transfers almost instantly.

What if the crypto I want to send is not in the app?

We are constantly growing and expanding our offer. If you don't see the cryptocurrency you want to buy, exchange, etc., please leave a request here by clicking on the plus icon at the end of the accepted assets list. You can enter your email, and we will notify you if the requested cryptocurrency is added.

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