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How can I disburse Bitcoin to multiple recipients?

avatarSqwadoDec 28, 2021 · 3 years ago3 answers

I want to send Bitcoin to multiple recipients. How can I do that?

How can I disburse Bitcoin to multiple recipients?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    To disburse Bitcoin to multiple recipients, you can use a feature called 'multi-signature wallets'. With a multi-signature wallet, you can set up a transaction that requires multiple signatures to be executed. This means that you can create a transaction with multiple recipients, and each recipient will need to provide their signature to release the funds. This provides an extra layer of security and ensures that the funds are only disbursed when all parties have agreed to the transaction.
  • avatarDec 28, 2021 · 3 years ago
    If you're looking for a more simple solution, you can also use a Bitcoin payment processor that supports batch payments. These processors allow you to upload a CSV file with the recipient addresses and the corresponding amounts, and they will handle the disbursement for you. Just make sure to choose a reputable payment processor that has a good track record in the industry.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we offer a feature called 'Bulk Disbursement' that allows you to easily send Bitcoin to multiple recipients. With our user-friendly interface, you can upload a CSV file with the recipient addresses and the corresponding amounts, and our system will handle the disbursement for you. It's a convenient and efficient way to distribute Bitcoin to multiple recipients.