monero-site/knowledge-base/moneropedia/unlocktime.md

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2015-02-21 11:02:12 +00:00
---
layout: moneropedia
entry: "Transaction Unlock Time"
terms: ["unlock-time"]
summary: "a special transaction where the recipient can only spend the funds after a future date, as set by the sender"
---
### The Basics
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{{ page.summary | capitalize }}.
Unlock time allows you to send a transaction to someone, such that they can not spend it until after a certain number of blocks, or until a certain time.
Note that this works differently than Bitcoin's [nLockTime](https://en.bitcoin.it/wiki/NLockTime), in which the transaction is not valid until the given time.