Questions tagged [own wallet]

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Elena Elena Sat May 11 2024 | 5 answers 1368

What happens if you send BTC to your own wallet?

I'm curious, let's say you transfer Bitcoin, or BTC, from one of your wallets to another one that also belongs to you. What exactly happens in this process? Is it as simple as just moving money from one account to another? Or does it involve some kind of verification or intermediate steps? I've heard stories about transactions getting stuck or taking a long time to process, so I'm wondering if sending BTC to your own wallet could potentially have any of those issues. Also, does it cost anything to do this? Are there any fees involved? I'd like to understand the whole process better, if you don't mind explaining.

What happens if you send BTC to your own wallet?

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