Sending Crypto Outside Jupit and to a Jupit User Within the System

Sending Crypto Outside Jupit and to a Jupit User Within the System

Whether sending cryptocurrency to an external address (outside Jupit) or sending within the system for instant transfers between users, each method serves specific needs.

Sending Outside Jupit (On-Chain Transaction):
  1. Nature: On-chain transaction broadcasted to the blockchain.
  2. Recipient's Wallet: Requires recipient's external wallet address on the respective blockchain.
  3. Transaction Type: Involves sending cryptocurrency to an external wallet.
  4. Speed: Transaction speed depends on the respective blockchain's confirmation time.
  5. Cost: Transaction may incur blockchain network fees.

Sending to a Jupit User Within the System (Internal Transaction):

  1. Nature: Internal transaction within the Jupit platform.
  2. Recipient's Identifier: Can be sent using the recipient's UID or Jupit email address.
  3. Transaction Type: Facilitates quick and seamless transfers between Jupit users.
  4. Speed: Instant and occurs within the Jupit platform.
  5. Cost: Typically free, as it's an internal transaction.

Understanding these distinctions helps users choose the appropriate method based on their specific needs and preferences. 🚀💳


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