You can Cut, Copy or Paste using the keyboard - though as Finder has no actual Cut command, you move files in a slightly different way from how you would do it on Windows.
Copy is Cmd ⌘ C
Paste is Cmd ⌘ V
very similar to Windows, however, cutting a file leaves the potential for losing it, if for instance you forgot, or had a power cut, or copied something else before you remembered to paste, etc.
So Finder doesn't let you do that.
Instead it leaves the file exactly where it was until you make the actual call to move it.
You do that with Copy, as above, then Cmd ⌘ Opt ⌥ V .
Think of it as 'Option Paste'.
That will securely move the file to its new location. That can be on the same volume, or a different one. It will execute the move differently for each of those scenarios, but the end result is the same, your file is now safely in its new location.
Amongst the methods for picking where it will go...
- Open two Finder windows, so you can see source & destination simultaneously.
- Use column view, which you can navigate using just the arrow keys.
- Use Tab view, so you can have two or more locations ready in a single window.