{"id":10373,"date":"2023-12-13T08:59:13","date_gmt":"2023-12-13T01:59:13","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=10373"},"modified":"2026-05-30T20:29:08","modified_gmt":"2026-05-30T13:29:08","slug":"new-feature-transfer-funds-to-another-bitcoinvn-user-instantly","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/insights\/new-feature-transfer-funds-to-another-bitcoinvn-user-instantly\/","title":{"rendered":"New feature: Transfer funds to another BitcoinVN user instantly"},"content":{"rendered":"<p>At BitcoinVN, we take customer feedback seriously.<\/p>\n<p>One regularly requested feature was the ability to transfer your funds on BitcoinVN to another user without going through a bank or blockchain transfer first.<\/p>\n<p>You asked, we delivered.<\/p>\n<p>You can now transfer &#8211; instantly, conveniently, and without leaving public traces &#8211; <a href=\"https:\/\/bitcoinvn.io\/?deposit=btcbalance&amp;settle=btcbalance\" target=\"_blank\" rel=\"noopener\">your balances to another BitcoinVN user account<\/a>.<\/p>\n<p>This feature allows for convenient, cost-efficient, privacy-preserving transfers that, especially for the unbanked part of the global population, can be of great use.<\/p>\n<h2>Convenience<\/h2>\n<figure id=\"attachment_10374\" aria-describedby=\"caption-attachment-10374\" style=\"width: 400px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10374 size-full\" src=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/Transfer-funds-to-another-BitcoinVN-user.jpg\" alt=\"Enter the recipient's email address and transfer funds immediately\" width=\"400\" height=\"163\" srcset=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/Transfer-funds-to-another-BitcoinVN-user.jpg 400w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/Transfer-funds-to-another-BitcoinVN-user-300x122.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><figcaption id=\"caption-attachment-10374\" class=\"wp-caption-text\">Just enter the recipient&#8217;s email address and transfer funds immediately<\/figcaption><\/figure>\n<p>Improving human life is all about removing unnecessary friction.<\/p>\n<p>And especially when it comes to moving money around, friction is still everywhere &#8211; wasting precious human and economic resources that could otherwise be utilized to provide an ample supply of competitive goods and services that put society as a whole on an upward trajectory.<\/p>\n<p>When it is hard to move money, it is hard to do business.<\/p>\n<p>The prosperity of society suffers as a result.<\/p>\n<p>Now you can move your funds instantly to your friends on BitcoinVN &#8211; one click of a button and the balance shows up in their account without further delay.<\/p>\n<h2>Cost efficiency<\/h2>\n<p>Especially users of Bitcoin (BTC) and Ethereum (ETH) have been burdened in recent times &#8211; once more &#8211; with escalating fees for their on-chain transactions.<\/p>\n<figure id=\"attachment_10375\" aria-describedby=\"caption-attachment-10375\" style=\"width: 400px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10375 size-full\" src=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/How-to-Transfer-funds-to-another-BitcoinVN.jpg\" alt=\"Satscard offers another way to move Bitcoin without incurring miner fees\" width=\"400\" height=\"396\" srcset=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/How-to-Transfer-funds-to-another-BitcoinVN.jpg 400w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/How-to-Transfer-funds-to-another-BitcoinVN-300x297.jpg 300w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/How-to-Transfer-funds-to-another-BitcoinVN-150x150.jpg 150w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><figcaption id=\"caption-attachment-10375\" class=\"wp-caption-text\">Another way to move around Bitcoin anonymously without incurring miner fees: Enter <a href=\"https:\/\/bitcoinvn.io\/shop\/satscard-now-available-in-bitcoinvn-shop\/\" target=\"_blank\" rel=\"noopener\">the Satscard<\/a><\/figcaption><\/figure>\n<p>Realistically, retail users will in due time be priced out of directly interacting with the Bitcoin blockchain.<\/p>\n<p>Now, some people might remain dedicated to saving in Bitcoin regardless, but will look for ways to avoid burning an inordinate amount of transaction fees each time they move their Bitcoin around.<\/p>\n<p>The internal balance transfer feature allows users to move their Bitcoin balance to another user at minimal cost, instantly.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10376\" src=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/How-to-Transfer-funds-to-another-BitcoinVN-user.jpg\" alt=\"BitcoinVN internal balance transfer form for sending BTC to another user\" width=\"250\" height=\"305\" srcset=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/How-to-Transfer-funds-to-another-BitcoinVN-user.jpg 400w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/How-to-Transfer-funds-to-another-BitcoinVN-user-246x300.jpg 246w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/How-to-Transfer-funds-to-another-BitcoinVN-user-344x420.jpg 344w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/p>\n<p>Now you can get paid and\/or <a href=\"https:\/\/bitcoinvn.io\/?deposit=vnd&amp;settle=btcbalance\" target=\"_blank\" rel=\"noopener\">accumulate Bitcoin in your BitcoinVN account<\/a> and withdraw on-chain once you feel it is worthwhile to secure your funds in your own wallet via on-chain settlement.<\/p>\n<p>At this point the question will likely arise when Lightning withdrawals come to BitcoinVN.<\/p>\n<p>While <a href=\"https:\/\/bitcoinvn.io\/?deposit=btcln&amp;settle=btcbalance\" target=\"_blank\" rel=\"noopener\">Lightning deposits<\/a> have been possible for a while, readying our infrastructure for automated withdrawals is not an easy feat.<\/p>\n<p>Rest assured that it remains on our roadmap and we are looking forward to having it up and running during 2024.<\/p>\n<figure id=\"attachment_10377\" aria-describedby=\"caption-attachment-10377\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10377 size-full\" src=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-Transfer-funds-to-another-BitcoinVN-user-instantly.jpg\" alt=\"Mempool chart showing Bitcoin transaction fees staying high for months\" width=\"800\" height=\"326\" srcset=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-Transfer-funds-to-another-BitcoinVN-user-instantly.jpg 800w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-Transfer-funds-to-another-BitcoinVN-user-instantly-300x122.jpg 300w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-Transfer-funds-to-another-BitcoinVN-user-instantly-768x313.jpg 768w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-Transfer-funds-to-another-BitcoinVN-user-instantly-696x284.jpg 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-10377\" class=\"wp-caption-text\">Cheap on-chain Bitcoin transactions no more &#8211; the mempool has been consistently full the past couple of months<\/figcaption><\/figure>\n<h2>Privacy<\/h2>\n<p>The downside of almost all cryptocurrencies today is that it is rather trivial to follow the payment flows you are conducting.<\/p>\n<p>While <a href=\"https:\/\/bitcoinvn.io\/?deposit=vnd&amp;settle=xmr\" target=\"_blank\" rel=\"noopener\">Monero<\/a> and to some extent <a href=\"https:\/\/bitcoinvn.io\/insights\/monero-versus-bitcoin-lightning-a-view-from-privacy-maximalist-digital-ghost\/\" target=\"_blank\" rel=\"noopener\">L2 solutions \u00e0 la Lightning<\/a> might provide some reprieve here, basically, your run-of-the-mill cryptocurrency imprints your payment on a global ledger visible forever to everyone who cares to take a look.<\/p>\n<p>While you personally might not care about this, <i>some<\/i> people certainly will care about it.<\/p>\n<figure id=\"attachment_10378\" aria-describedby=\"caption-attachment-10378\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10378 size-full\" src=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-transfer-funds-to-another-BVN.jpg\" alt=\"Blockchain analytics graph tracing cryptocurrency payment flows\" width=\"800\" height=\"405\" srcset=\"https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-transfer-funds-to-another-BVN.jpg 800w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-transfer-funds-to-another-BVN-300x152.jpg 300w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-transfer-funds-to-another-BVN-768x389.jpg 768w, https:\/\/bitcoinvn.io\/insights\/wp-content\/uploads\/2023\/12\/how-to-transfer-funds-to-another-BVN-696x352.jpg 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-10378\" class=\"wp-caption-text\">Example of blockchain analytics at work &#8211; while we assume you are not a criminal, attackers can and do use the same tools to identify targets<\/figcaption><\/figure>\n<p>Whether it is adversarial attackers who are looking to identify worthwhile high-profile targets &#8211; or, on the defending side, users who prefer to leave less rather than more data visible for the whole world to see.<\/p>\n<p>So if you are just looking to transfer some coins to your buddy without the need for immediate settlement via the blockchain:<\/p>\n<p>The internal balance transfer function comes to the rescue.<\/p>\n<p>\u2014<\/p>\n<p><i>Happy with the service you experienced interacting with our team?<\/i><\/p>\n<p><i>Invite your friends and followers and get paid &#8211; with the <a href=\"https:\/\/bitcoinvn.io\/referral-program\" target=\"_blank\" rel=\"noopener\">BitcoinVN referral scheme.<\/a><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitcoinVN introduces instant internal balance transfers, letting users move funds to another BitcoinVN account with less friction, lower cost, and more privacy.<\/p>\n","protected":false},"author":13,"featured_media":10379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,10444,10549],"tags":[],"class_list":["post-10373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoinvn-business","category-featured","category-featured-sub-panel"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Transfer funds to another BitcoinVN user instantly!<\/title>\n<meta name=\"description\" content=\"Now you can move your funds instantly to your friends on BitcoinVN - one click of a button and the balance shows up in their account....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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