Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Monero Forum => Topic started by: riponsumo on June 18, 2018, 12:27:56 PM
-
Sending monero
You will need the standard address you want to send to (a long string starting with '4'), and possibly a payment ID, if the receiving party requires one. In that latter case, that party may instead give you an integrated address, which is both of these packed into a single address.
Sending to a standard address:
transfer ADDRESS AMOUNT PAYMENTID
Replace ADDRESS with the address you want to send to, AMOUNT with how many monero you want to send, and PAYMENTID with the payment ID you were given. Payment ID's are optional. If the receiving party doesn't need one, just omit it.
Sending to an integrated address:
transfer ADDRESS AMOUNT
The payment ID is implicit in the integrated address in that case.
-
Specify the number of outputs for a transaction:
transfer MIXIN ADDRESS AMOUNT
Replace MIXIN with the number of outputs you wish to use. If not specified, the default is 4. It's a good idea to use the default, but you can increase the number if you want to include more outputs. The higher the number, the larger the transaction, and higher fees are needed.
-
Monero functions somewhat differently than Bitcoin and other cryptocurrencies. While the basic principle of a sender and recipient's public or account address remains true, what Monero adds to the transaction is a payment ID, which is a hexadecimal string that is 64 characters long. Since you can not distinguish which is the sender’s real address in the Monero transactions, the payment ID serves two purposes: It allows the recipient to uniquely identify their incoming payments from others, and also allows the sender to distinguish their outgoing payments, particularly when there are multiple payments going to the same address but for different orders.