Sending bitcoin

We understand that some users would rather take the storage of their BTC into their own hands, so you can withdraw your bitcoin from your CoinCorner account to another wallet on the Send & Receive page, or from your Bitcoin / BTC account on the Accounts page.

Click Send & Receive in the sidebar of your account, and you'll be in the Send tab of the Send/Receive page by default.

Enter the wallet address you are sending to in the Recipient box. You can also raise a Lightning invoice with the receiving wallet and paste that invoice in to the Recipient field to send via the Lightning Network. 

Enter the amount of BTC you are wanting to send in the Amount field. You can see the fee that will be taken below that box, and if you're happy to proceed you will need to click the Send button.

We will send an email like the one below, containing a link for you to click to confirm the withdrawal (you can elect to turn this extra security step off if you wish by going to 'Settings > Security' on the website).

Once that confirmation link has been clicked we will process the transaction. Some larger withdrawals may also be held up while our team conduct a quick security call with you to check everything is in order.

Send speed

We have introduced the option for users to alter the fee paid for on-chain sends, depending on how quickly you require this to be completed. The tiered fees are noted below: 

High - a high speed send is subject to our standard 0.000035 BTC send fee and will be processed in our next batch, meaning it should be broadcast within 15 minutes.

Medium - a medium speed send is subject to a lower fee of 0.0000125 BTC. We will batch all medium speed sends requested by users into a group and process them weekly.

Low - a low speed send is free so is a great option if there is no rush on your transfer. Low speed sends will be batched and sent at the start of the following month.

Fees and limits

The fees and limits associated with sending bitcoin are below: