Is it possible to purchase bitcoin on behalf of someone else?

8 answers

• Mahdi MortazaviMay 21, 2024 · 2 years ago
  Yes, it is possible to purchase bitcoin on behalf of someone else. Bitcoin transactions are recorded on a public ledger called the blockchain, which means that ownership can be transferred from one person to another. To do this, you would need the recipient's bitcoin wallet address and use it as the destination address when making the purchase. Once the transaction is confirmed, the bitcoin will be transferred to their wallet.
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• Kowser AhmedAug 19, 2022 · 3 years ago
  Definitely! You can buy bitcoin for someone else. Just make sure you have their wallet address handy. When you make the purchase, simply input their wallet address as the recipient. Once the transaction is complete, the bitcoin will be sent to their wallet. It's a straightforward process that allows you to help others get into the world of bitcoin.
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• Abernathy RomeroMay 21, 2022 · 4 years ago
  Absolutely! At BYDFi, we offer a feature that allows you to purchase bitcoin on behalf of someone else. You can easily input the recipient's wallet address during the purchase process, and the bitcoin will be sent directly to their wallet. It's a convenient way to help others get started with bitcoin.
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• Fach FouchDec 02, 2023 · 2 years ago
  Yes, it's possible to buy bitcoin on behalf of someone else. Many cryptocurrency exchanges, including Binance, offer the option to input a different wallet address as the recipient during the purchase. Just make sure you have the correct wallet address of the person you're buying for, and the bitcoin will be transferred to their wallet once the transaction is confirmed.
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• AliciitOct 31, 2024 · a year ago
  Definitely! You can purchase bitcoin on behalf of someone else. Simply provide the recipient's wallet address when making the purchase, and the bitcoin will be sent directly to their wallet. It's a great way to introduce others to the world of cryptocurrency.
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• Hedda D AsperheimDec 24, 2024 · a year ago
  Yes, it is possible to buy bitcoin on behalf of someone else. When making the purchase, you can input the recipient's wallet address as the destination. Once the transaction is confirmed, the bitcoin will be transferred to their wallet. It's a simple process that allows you to help others get started with bitcoin.
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• MJJJFeb 05, 2022 · 4 years ago
  Of course! You can buy bitcoin for someone else. Just make sure you have their wallet address and use it as the recipient when making the purchase. Once the transaction is completed, the bitcoin will be sent to their wallet. It's a great way to assist others in acquiring bitcoin.
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• PriyaSep 03, 2023 · 2 years ago
  Yes, it's absolutely possible to purchase bitcoin on behalf of someone else. When making the purchase, you can input the recipient's wallet address as the destination. Once the transaction is confirmed, the ownership of the bitcoin will be transferred to their wallet. It's a convenient way to help others enter the world of cryptocurrency.
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