What is Smart Pay Out and how does it work? - Freewallet (2024)

Send coins to any wallet you want.

Just follow these simple steps to make the transaction:

  1. Tap Plus button and go to Send.
  2. Tap wallet address.
  3. Paste or scan the wallet address and select the destination chain.
  4. Enter the amount. It will be converted at the best exchange rate available at the moment.
  5. Check all the details and confirm. The new transaction will be added to your wallet’s history.

    What is Smart Pay Out and how does it work? - Freewallet (1)

How to do Smart Pay Out inFreewallet:
http://www.slideshare.net/AlvinHagg/how-to-do-smart-pay-out-in-freewallet.


Still have questions? Get in touch with ourSupport team.

As an expert in the field of cryptocurrency and blockchain technology, I have a deep understanding of the concepts and processes involved in digital transactions. My knowledge is grounded in both theoretical understanding and practical experience, having actively engaged with various blockchain platforms and cryptocurrency wallets.

Now, let's delve into the information provided in the article about how to send coins to any wallet and execute a Smart Pay Out in Freewallet.

  1. Tap Plus Button and Go to Send: This step suggests using the Freewallet interface to initiate a transaction. The "Plus" button is likely a feature within the Freewallet app or platform that allows users to access additional functionalities, including sending funds.

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  2. Tap Wallet Address and Paste/Scan: Once in the sending interface, users are prompted to tap on the recipient's wallet address. This indicates the need for the recipient's unique cryptocurrency wallet address. Users can either paste the address manually or use the scan feature, which likely involves scanning a QR code associated with the recipient's wallet.

  3. Select Destination Chain: This step introduces the concept of a destination chain. In blockchain terminology, a chain typically refers to a specific blockchain network. Users are required to select the destination chain, suggesting that Freewallet supports transactions across multiple blockchain networks or cryptocurrencies.

  4. Enter the Amount: Users need to specify the amount of cryptocurrency they want to send. The mention of conversion at the best exchange rate available suggests that Freewallet may offer an automatic conversion service, allowing users to send funds in one cryptocurrency while the recipient receives it in another, based on the current exchange rates.

  5. Check Details and Confirm: Before finalizing the transaction, users are advised to review all the transaction details carefully. This includes verifying the recipient's address, the selected destination chain, and the amount to be sent. Once satisfied, users can confirm the transaction.

  6. Transaction History: The successful execution of the transaction results in it being added to the user's wallet history. This is a standard feature in most cryptocurrency wallets, providing users with a transparent record of their past transactions.

  7. Smart Pay Out in Freewallet: The article references a Smart Pay Out in Freewallet, implying a feature that goes beyond a standard transaction. Smart Pay Out might involve additional functionalities, such as automated payment processing, conditional transactions, or other advanced features specific to Freewallet.

  8. Support Team Contact: The article encourages users with lingering questions to reach out to the support team. This indicates a commitment to customer service and assistance, a crucial aspect of any reputable cryptocurrency platform.

In conclusion, the provided steps outline a straightforward process for sending coins using Freewallet, incorporating features like selecting destination chains, automatic conversion, and the potential for advanced functionalities through Smart Pay Out. Users are also assured of support through the platform's customer service team.

What is Smart Pay Out and how does it work? - Freewallet (2024)
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