How to use Bitpie Wallet for peer-to-peer transactions?

June 10, 2025

As digital currency trading becomes increasingly popular, more and more people are choosing to use the Bitpie wallet for peer-to-peer transactions. Bitpie wallet is favored by users for its security and convenience; however, many beginners may feel confused during the usage process. This article will provide a detailed introduction on how to use the Bitpie wallet for peer-to-peer transactions, discuss its basic functions, operational steps, and practical tips, to help users complete transactions smoothly.

Overview of Bitpie Wallet

How to use Bitpie Wallet for peer-to-peer transactions?

Bitpie Wallet is a mobile wallet application that supports multiple cryptocurrencies, featuring offline secure storage, fast transactions, and multi-signature capabilities. Its user-friendly interface makes it suitable for beginners, and it is widely popular in peer-to-peer transactions due to its low fees and rapid confirmation times. The following are some of the main features of Bitpie Wallet:

Multi-currency supportSupports Bitcoin, Ethereum, and various other cryptocurrencies.

High securityThe private key is stored locally and does not need to be uploaded to the server.

User-friendlyA simple and intuitive interface allows beginners to get started quickly.

Real-time tradingSupports fast peer-to-peer transfers with short transaction confirmation times.

3. Steps for Conducting Peer-to-Peer Transactions Using Bitpie Wallet

Download and install Bitpie Wallet

First, visit the official Bitpie Wallet website or the mobile app store to download Bitpie Wallet. After installation, follow these steps to complete the initial setup:

Open Bitpie Wallet and select the multisig wallet you have created.

Set a secure password, back up your mnemonic phrase, and keep it safe to ensure the security of your wallet.

Top up wallet

Before conducting peer-to-peer transactions, users need to deposit digital currency into their Bitpie wallet. You can fund your wallet using the following methods:

Scan the QR codeWhen transferring from an exchange or another wallet address, users can directly scan the receiving QR code provided by Bitpie Wallet, enter the amount, and confirm the transfer.

Manually enter addressIf you need to transfer from another wallet, manually enter the receiving address of the Bitpie wallet and make sure the address is correct.

Conduct peer-to-peer transactions.

Once there is a balance in the wallet, users can start peer-to-peer transactions. The specific steps of the transaction are as follows:

Select trading optionsOn the main interface, select the "Send" option. Enter the recipient's address, which can be done by scanning a QR code or manually entering the address.

Enter transaction amountDecide on the amount to send and make sure to confirm that your balance is sufficient.

Add transaction note(Optional): If needed, add a note to the transaction to facilitate future reference.

Confirm transaction informationCarefully check the recipient address, amount, and remarks. After ensuring everything is correct, click "Send."

Confirm transaction

After submitting a transaction, the system will generate a transaction record, and users can check the transaction status in their wallet. Typically, peer-to-peer transactions are confirmed within a few minutes. Once confirmed, the recipient's wallet balance will be updated accordingly.

View transaction history

Users can view their account transaction history at any time to gain a comprehensive understanding of their fund flows. In Bitpie Wallet, click on "Transaction History" to view detailed information about all recent transactions.

Four or Five Tips to Boost Productivity

When using the Bitpie wallet for peer-to-peer transactions, you can enhance productivity through the following tips:

Regularly back up your wallet.

Ensuring regular backups of the Bitpie wallet is key to safe operation. Store the mnemonic phrase and wallet files in a secure location to reduce the risk of asset loss due to device loss or damage.

Enable two-step verification

For important transactions or account settings, it is recommended to enable two-factor authentication to enhance security. Even if the password is compromised, a second verification step is still required before any action can be taken.

Proficient in using keyboard shortcuts

There are some shortcuts and operations in the Bitpie wallet that can greatly improve operational efficiency. For example, by using the scan function, you can quickly obtain the recipient's address and avoid errors from manual input.

Set transaction limits

To control expenses, users can set a daily transaction limit in the Bitpie wallet. This not only saves time but also helps avoid unnecessary losses.

Learn to use real-time price monitoring tools.

Market fluctuations are crucial for trading. Users can utilize third-party tools to monitor the real-time prices of cryptocurrencies, helping them make better trading decisions.

Frequently Asked Questions

How does Bitpie Wallet ensure the security of funds?

Bitpie Wallet ensures the security of users' funds through various methods, including local storage of private keys, two-factor authentication, and multi-signature technology. Users must properly safeguard their mnemonic phrases and passwords, as losing them may result in being unable to recover the wallet.

How to recover Bitpie wallet?

To restore the Bitpie wallet, users need to select the "Restore Wallet" option and enter the mnemonic phrase that was backed up previously. Depending on the correctness of the mnemonic phrase, the wallet will be restored to its backup state.

Is there a service fee?

Bitpie Wallet charges relatively low fees for peer-to-peer transactions, depending on network conditions and the level of transaction congestion. Users can also flexibly choose the transaction fee to speed up confirmation times.

What should I do if I enter the wrong address during a transaction?

Unfortunately, once the transaction information has been submitted and confirmed, it cannot be withdrawn or changed. Please be sure to carefully check all information before submitting the transaction to avoid any loss.

Contact Bitpie Wallet customer service

Users can contact customer support through the "Help & Feedback" feature in the Bitpie Wallet app, or visit the official website for the latest support information.

Which cryptocurrencies are supported by Bitpie Wallet?

Bitpie Wallet supports common mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others. The specific types of supported currencies can be found in the official announcements.

Through the above information, it is hoped that users can better understand and use Bitpie Wallet for peer-to-peer transactions, and smoothly carry out digital currency trading. With the development of blockchain technology, it is believed that this tool will become increasingly convenient and better meet users' needs.