BTCr is using latest mining process by which it can do a lot of transactions instantly. Let’s discuss about its transaction process.

Create your wallet

The main step for the new users is to create a wallet on BTCr; it’s like the bank account in blockchain. You can easily create your wallet address on BTCr by using its application or by creating its web-wallet. This step is only for the new users. After completing it, these users will be able to do transactions instantly from anywhere.

Make Payments

Making payments is very easy, but this can only be done with the valid BTCr’s wallet address. This completely resembles to transaction process of banks; only, wallet addresses have replaced the bank accounts. Again, I’m notifying you that wallet addresses are your bank accounts. So, making payments in BTCr is very easy as you just have to enter the wallet address upon which you are willing to send payments. Just enter the desired amount and the valid wallet address at which you are sending your payments and then your transaction will be done instantly.

Confirmations

This is the main step in BTCr payment method; both the sender and the receiver will get this notification just before the completion of transaction process. The sender will have to recheck the desired amount and wallet address, and the receiver will now receive the payment almost instantly but will need to wait for time-lock feature to release funds.

So, these were some of the steps of transaction process on BTCr. Keep visiting http://www.bitcoinreal.org/ and don’t forget to follow our other social networking links.

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