Knowledge Base
Sending & Receiving Bitcoin
What are the requirements to enable send/receive functionality?
To enable bitcoin send/receive functionality, you must provide an image of your state issued Driver’s License, which must be unexpired and must bear your date of birth, citizenship or permanent residence, signature, and photograph.
After I purchase bitcoin, when can I send it from River Financial?
Any bitcoin that you purchase through River Financial will be subject to a holding period to ensure that the transaction was not fraudulent.
How do I use the Lightning Network on River?
The Lightning Network is a protocol that enables instant, low-cost Bitcoin transactions. River currently supports receiving over Lightning in amounts up to 0.04294967 BTC and sending over Lightning up to 0.01 BTC.
Is there a Bitcoin transaction fee?
Yes, there are Bitcoin network fees when sending bitcoin from your River account. These network fees are small amounts of Bitcoin given to incentivize Bitcoin miners to confirm Bitcoin transactions on the network.
How do I receive bitcoin (on-chain) into my River account?
There are currently two methods you can use to receive Bitcoin: on-chain and Lightning. This article covers how you can receive Bitcoin on-chain.
How do I send bitcoin (on-chain) from my River account?
There are currently two methods you can use to send bitcoin: on-chain and Lightning. This article covers how you can send Bitcoin on-chain.
How do I transfer bitcoin from Coinbase to my River account?
This guide will walk you through the simple steps required to move your bitcoin from your Coinbase account to your River Financial account.