# Internal Transfer - Send to Vessel's User

Internal transfer offers a secure and efficient method to transfer assets between registered Vessel users within Vessel Finance. Several key advantages are:

* **Lower Fees**: Reduced transaction costs compared to external transfers.
* **Faster Speed**: Near-instant settlement between accounts.

## Prerequisites

Before initiating an internal transfer, please ensure:

* Both sender and recipient must have completed on-chain registration in Vessel Finance.
* Sending must have a sufficient balance in the Vessel account.
* Must have a valid recipient address.

## On-Chain Registration

### Option 1: Register Vessel on the First Deposit (Recommended)

This method combines registration with your first Vessel deposit transaction, saving gas fees.

* Click the "Deposit" button anywhere on Vessel.
* Complete your first deposit by following the instructions in the [Deposit Guide](/vessel/mainnet-user-guide/deposit.md), which will automatically include your On-Chain Registration.

### Option 2: Register via Account Settings

* Move your mouse to the account information in the top-right corner of the screen and select **"Register On-Chain"**.

<figure><img src="/files/6wYNcXdLfQ79eSvEHUYJ" alt=""><figcaption></figcaption></figure>

* Click **"Sign in Wallet"** to start the On-Chain Registration process.

<figure><img src="/files/Qbzsuutkc399sglXxFoh" alt=""><figcaption></figcaption></figure>

* Confirm the transaction within your wallet.

<figure><img src="/files/6bXBzAM7IbJB2JQJGngt" alt=""><figcaption></figcaption></figure>

* On-chain registration typically takes about 3 minutes for blockchain confirmation. You will receive a notification once registration is successful.

<figure><img src="/files/5wT7yjxw0W3nauku9Kwe" alt=""><figcaption></figcaption></figure>

**Note**: On-Chain Registration is required only once per account, and once completed, you may fully access Vessel’s features.

## Internal Transfer

### Send an Internal Transfer

* Step 1: Go to the Portfolio section and Click "Send"

<figure><img src="/files/6IUQ4H4rQj7JGxJSvaXT" alt=""><figcaption></figcaption></figure>

* Step 2: Select the asset you want to send.
* Step 3: Enter the recipient’s wallet address. \
  **Note:** The recipient must complete their On-Chain Registration to receive the transfer.
* Step 4: Specify the amount to send.

<figure><img src="/files/7xn4CEDyoN2x83s6N9w1" alt=""><figcaption></figcaption></figure>

* Step 5: Carefully review the transfer details, including the recipient’s address and token amount.

<figure><img src="/files/HgJYvWkCLhy56p4uRuGU" alt=""><figcaption></figcaption></figure>

* Step 6: Confirm the transfer message in your wallet. You will receive a notification once it’s successful. **Note**: Once the send transaction is confirmed in your wallet, it cannot be canceled.

<figure><img src="/files/ewezu9FoJ0TiVjrDg4tz" alt=""><figcaption></figcaption></figure>

### View the history of Internal Transfer

* Navigate through a complete record of all transaction types in the **Portfolio - History** section.
* Select **Internal** to view only your internal transfer history.
* Each record entry will indicate whether it’s “Send” or “Receive,” along with the date, recipient/sender address, token type, and amount.
* Use filters to sort your history by transfer date, token name, or type, allowing easy access to specific records.

<figure><img src="/files/4X0qOdrC3naXlCPM1Sst" alt=""><figcaption></figcaption></figure>


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