Introduction

Internal transfers allow you to send funds instantly between two Coinlocally accounts without using the blockchain. This method is fast, free, and avoids network fees or confirmation delays.

How internal transfer works

An internal transfer moves assets directly within the Coinlocally system. Since the transaction does not go through the blockchain:

• No network fees are charged
• No blockchain confirmations are required
• The transfer is credited instantly to the recipient

How to make an internal transfer

To send an internal transfer:

1. Go to your Wallet.
2. Select the asset you want to transfer.
3. Choose the Internal Transfer option.
4. Enter the recipient’s Coinlocally account email or UID.
5. Enter the amount you want to send.
6. Confirm the details and submit the transfer.

The recipient will receive the funds immediately.

Additional notes

• Internal transfers are free of charge.
• Make sure the recipient’s email or UID is correct before confirming.
• Internal transfers cannot be reversed once completed.

Feeling lost?

If you’re unsure how to complete an internal transfer or something doesn’t look right, our support team is available 24/7 to guide you.

Updated on: 01/18/2026