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Why Is Bitcoin Pending?

Long Pending Transaction Coinbase? : Bitcoin

Long Pending Transaction Coinbase? : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Why Is My Transaction Pending?

Why Is My Transaction Pending?

Incoming transactions show up in your account right away (typically within a minute after they are broadcast) but will be tagged as 'Pending' until there has been at least one network confirmation.The time it takes a transaction to be confirmed depends on the fee used by the sender and the overall network traffic. It can also depend on the asset used. Once a transaction is verified, the pending tag will be removed. This lets you know the transaction cannot be reversed and the funds can be sent. This verification process is similar to the 2 - 3 day hold traditional banks put on check deposits waiting for funds to clear. Digital asset networks have a similar system except this time spent waiting is reduced to hours (and sometimes even minutes with faster networks like Ethereum) instead of days. Occasionally, transactions are not accepted by the network and remain marked as 'PENDING' for 2-3 days. Typically these transactions will never confirm. These problem transactions are typically caused by three main reasons: Receiving a transaction with insufficient fees All transactions require a miner fee to be confirmed by the asset network. If the sender did not specify a sufficient fee, your deposit may never confirm. If you are trying to send assets that appear as pending in your account your transaction will also remain in a pending state until your deposits are confirmed. You can think of this as a waterfall effect. Until the funds you receive are properly confirmed all of your sent funds will be marked with this same pending state. Sometimes there is a high volume of digital currency being sent globally, and there are more transactions than there is space available in each new block to include the transaction. If you have a transaction in your account that has remained pen Continue reading >>

Why Is My Bitcoin Transaction Pending For So Long? Bitcoin Fees For Dummies

Why Is My Bitcoin Transaction Pending For So Long? Bitcoin Fees For Dummies

Last updated on December 8th, 2017 at 01:19 pm If youre reading this post I assume that like many others, you sent a bitcoin transaction and was kind of confused as to why its still listed as unconfirmed or pending after a few hours or so. I mean Bitcoin transactions are supposed to be instant right? In this post I want to try and explain in a very basic way how a Bitcoin transaction works and why the fee that you attach to each transaction has a crucial role in how long it will take the transaction to go through the network. Heres what happens when you send Bitcoins to someone Whenever you send someone Bitcoins, the transaction goes through different computers running the Bitcoin protocol around the world that make sure the transaction is valid. Once the transaction is verified it then waits inside the Mempool (i.e. in some sort of a limbo state). Its basically waiting to be picked up by a Bitcoin miner and entered into a block of transaction on the Blockchain. Until it is picked up its considered an unconfirmed transaction or a pending transaction. Anew block of transactions in added to the Blockchain every 10 minutes on average. However since there are so many transactions lately due to the price increase, and a block can only hold a finite amount of transactions, not all transactions are picked instantly. So you need to wait for a certain amount of time until a miner decided to pick your transaction out of all of those sitting around in the mempool. Once your transaction is included in the block it receives its first confirmation and its no longer pending. After another block of transactions is added it will get another confirmation and so on.heres a short video explaining this: How can you make sure your transaction will get included in the next block? Simple. By Continue reading >>

Why Is My Bitcoin Transaction Pending And Not Confirming?

Why Is My Bitcoin Transaction Pending And Not Confirming?

Also Read: How to rebroadcast a Bitcoin transaction using Blockchain.infos pushtx feature While the fraudulent bitcoin transaction will not confirm, a transaction with a low fee might confirm or be dropped from the networkifa long enough time has passed.However, the transaction must meet theminimum relay fee (MIN_RELAY_TX_FEE) which is currently set to0.0001 BTC. The minimum relay tx fee is the minimum amount that the transaction fee has to be in order for the particular node to relay the transaction. Before a transaction can be confirmed by the miners it needs to be seen by them, as a result tranasctions that never relay will never get confirmed. So lets say that you sent a transaction with a fee smaller than the MIN_RELAY_TX_FEE, you can still get that transaction to get relayed by a node if the node has overridden theMIN_RELAY_TX_FEE value to be less than 0.0001. According toDavid Schwartz from the Bitcoin Stack Exchange , one of the core developers Luke Dash Jr. runs one such node, with IP address 173.242.112.53 . You can check if your transaction was relayed or not by visiting blockchain.info and searching for either the sending or receiving address or the txid. Simply relaying the transaction isnt enough to get it confirmed, the transaction might need to be relayed over and over until a miner will pick it up and confirm it. Conversely, if you need the transaction to be confirmed urgently and the transaction hasnt been relayed you can try signing the transaction again but this time adding a higher fee. Coinb.in offers great tools to help you sign, broadcast, verify, and create new transactions. This issue of transactions not getting confirmed due to low mining fees set by the sender caused a heated debate when Peter Todd proposed a solution called Full RBF . RBF s Continue reading >>

Pending Transaction On Coinbase

Pending Transaction On Coinbase

OK I want to cry right now. I am a newbie. Purchased a bit of bitcoin on coinbase on the 15th and that was fine it got confirmed quickly . Then I tried to send it to my hardware wallet and the transaction has been pending since then! Ive just read through some posts and some people are saying that they have had a transaction pending for a while but they had given up and considered their bitcoin lost?? I have contacted coinbase support several times wih no response. I sat at work today and could not even concentrate. Yes I understood the risks that the price of a bitcoin could decrease but to have my whole bitcoin disappear was not expected! What can I do to fix this - Any advise would be greatly appreciated!!!! Just be patient, your transaction is going to go through because they are not going to steal your money, i think that this is just the first scam acussation that i heard about coinbase. May i ask you how much bitcoin did you bought in there? you had better sites to buy bitcoin, like localbitcoins (nobody is going to scam you in there because it is a p2p exchange) and cex.io allows you to purchase directly via bank transfer or credit card, it is a very easy to use exchange and i have been using them for a while, and i never had problems with both of them. Hi. Thank you for your quick respone. I dont think I have been scammed (well I hope not) but after reading a couple of other posts I thought I had lost the bitcoin. It was approx 0.79. Is 6 days normal for a transaction to be pending then? And do you know what the maximum amount of time it can be pending? I have read that other people have had confirmations within 10 mins so 6 days seems like a long time? I will look into the other sites you have recommended for next time. Thank you Today I had a transaction fro Continue reading >>

Why Is My Bitcoin Transaction Pending?

Why Is My Bitcoin Transaction Pending?

Bitcoin transactions in your Wirex account are listed as either Successful, Failed/Expired or Pending. Here we will explain what Pending status means for each type of transactions. When you send bitcoins or altcoins into your Wirex wallet, a new transaction (Add Funds) will appear in your account history as Pending. Pending status means that your transaction is unconfirmed in the blockchain. Wirex requires at least 1 confirmation before the deposit is completed. If your transaction is pending for too long and still has no confirmations in the blockchain, please check this article for further steps: Why is my bitcoin transaction 'unconfirmed'? . If your transaction is confirmed, but still listed as Pending in your Wirex account, please contact our support team . Pending status for outgoing bitcoin transactions means one of the following three scenarios: If this is the first time you sent bitcoins to the recipient, the system is waiting for you to confirm the transaction over email. Please click the link sent to your email within 1 hour or the transaction will expire. If this happens, the status will change from Pending to Expired. The system is slow. Our system might be a bit overloaded at the time, but transactions should be completed within 15 minutes. Something went wrong. If your Send Funds transaction is pending for more than an hour, something might have gone wrong. Please contact our support team for further assistance. Exchange transactions are not always instant. It depends on both the current blockchain and Wirex load, especially for Wirex card to BTC wallet exchange. Please wait for 10-15 minutes for the transaction to complete. If your exchange is pending for more than an hour, please contact Wirex support team for further assistance. Continue reading >>

My Bitcoin Deposit Is Pending, What Does It Mean?

My Bitcoin Deposit Is Pending, What Does It Mean?

Bitcoin transactions have to be confirmed by the Bitcoin network. When a transaction is made it gets sent into a transaction pool from where it is bundled up intoblocksthat Bitcoin miners confirm through mining. Blocks get mined on average every ten minutes and only a finite number of transactions can fit into each block. Sometimes blocks can take much longer or much less time to mine. On rare occasions there can be several hours between successfully mined blocks. This means that the pool of unconfirmed transactions grows larger than what can fit into a single block, making it take a long time for transactions to become confirmed. Once the transaction has been included in a block and has been mined, it has been confirmed once. When the confirmation count of the transaction reaches a certain threshold, usually 3-6 confirmations, the transaction appears in the receiving wallets. You can read more about confirmations on the Bitcoin wikipedia and you can see the current number of unconfirmed transactions on the Bitcoin network here . Bitcoins are credited to your PocketBits account after 3 confirmations. Continue reading >>

Why Is My Coinbase Transaction Pending?

Why Is My Coinbase Transaction Pending?

Just bought some Bitcoin for the first time. Then I tried to transfer some of my purchase from Coinbase to my Blockchain wallet. The sent Bitcoin is pending; Blockchain isn't letting me confirm the transaction. Did I do something wrong? Is there a way to cancel the payment? Thanks! Bitcoin is [in]famous for being slow to process. This is because of how the block-chain works. Miners have to add your transaction to the next block in order to approve it, and this doesn't happen instantly. Miners will prioritise transactions with higher transaction fees since the money is more incentive to approve it faster. Transactions can take as much as a week to process which is why Bitcoin has issues commercially since you'll buy a coffee, but the transaction might not be processed for days after. It's also why Bitcoin is often described as better for long term investment than day-trading, but it's a trade-off for the added security of the block-chain! To answer your question, you need to update your question with the transaction id. But to assure you before that, if you have copy pasted the same address from the blockchain wallet to coinbase withdraw, then you don't have to worry at all. It sometimes takes time to get confirmed (depending on the fees you given) As for to answer whether there is a way to cancel the payment, if coinbase have yet to process the transaction, then yes, you can cancel the payment. Other than that, BTC Transactions cannot be cancelled unless it is a double spent or you have used next to no fees. Continue reading >>

There Are Now More Than 200k Pending Bitcoin Transactions | Hacker News

There Are Now More Than 200k Pending Bitcoin Transactions | Hacker News

You'll notice the entire Bitcoin community has changed tone. It used to be "this is the currency of the future, down with cash/Visa!" but now you hear "Bitcoin is not a currency, it's a store of value". The wild price swings, slow transactions, high fees, and loq merchant acceptance make it complete garbage as a currency. But as a store of value, none of those arguments apply. It only has to compete with gold bars, which are crappy in their own ways. Gold bars are only a store of value if they're in your possession. A gold bar in the hand is worth two in the bush as they say. To be a good store of value its not enough that it exists and people value it, you have to be able to call upon it when you need it. That's where its back to approximating currency, and where Bitcoin's weakest link seems to be. This is probably just the beginning of the bad news. King George used to lay claim to every pine in North America, to be called upon when he needed them for ship masts. For some reason or another he couldn't do that anymore. Historical examples abound, if you look for them, and they're not tulips: (disclaimer: I wrote that, which dances around a few historical reasons why bitcoin's value might not be so peachy) Quoting some articles does not an argument make. The summary argument: > Volatility is a feature of Bitcoin, not a bug, and that is in part for reasons that have nothing to do with speculation or bubbliness, but rather follow from the contours of the utility function. Its that latter point that hardly anyone understands. I'd argue this is might be correct, but also irrelevant, as many people involved in bitcoin either wanted to use it as a payment method, or are only in it for speculation, or money laundering/covert transferring of wealth. How useful is a value store Continue reading >>

$700 Million Stuck In 115,000 Unconfirmed Bitcoin Transactions

$700 Million Stuck In 115,000 Unconfirmed Bitcoin Transactions

$700 Million Stuck in 115,000 Unconfirmed Bitcoin Transactions Join our community of 10 000 traders on Hacked.com for just $39 per month. Bitcoin recently saw a meteoric rise in value over the past 30 days, but soon endured a major correction and saw its value drop from $7,500 to $6,407.62 at press time. The bitcoin dominance index dropped from over 62 percent to 53.4 percent following the death of the SegWit2x hard fork. The cryptocurrency has seen better days, as according to Blockchain.info there are now 115,003 unconfirmed transactions, meaning the mempool has once again surpassed the 100 million byte mark which hasnt happened for nearly three months. According to tradeblock, these unconfirmed transactions amount to 110,611 BTC, worth over $700 million, weighting about 36 MB. With the cancellation of the SegWit2x hard fork, various investors started selling their bitcoin and turning to other cryptocurrencies, as they will no longer receive airdropped tokens. Some also speculate existing bitcoiners are turning to Bitcoin Cash because of its flexible block size limit, justifying bitcoins recent decline. Whenever bitcoins mempool is filled with unconfirmed transactions, mining software picks the transactions that paid the highest fees. This means that users who want to send important Bitcoin transactions are currently advised to attach higher fees to them in order to get them through. According to estimates , the fastest and cheapest transaction fee at press time would be of 480 satoshis/byte. Taking into account a median transaction size of 226 bytes, this would result in a 108,480 satoshi fee, equivalent to nearly $7. The higher the fee, the faster the transaction will go through. Fees are expected to remain high in the long-term, even after the adoption of SegWit. Continue reading >>

How To Confirm My Bitcoin Transaction Is Pending - Quora

How To Confirm My Bitcoin Transaction Is Pending - Quora

This article is for digital currency transactions sent from your Coinbase wallet customer service. If you're wondering about a pending purchase, you can learn more here. Coinbase Customer Service 844-672-9115 Bitcoins customer service Number Incoming transactions show up in your account almost instantly (within a few seconds) but will show as 'Pending' until there have been at least three network confirmations. Once a transaction is verified, it will show Complete in green. This lets you know that the transaction cannot be reversed and that the funds can be withdrawn. Coinbase Customer Service 844-672-9115 Bitcoins customer service Number Coinbase runs its own digital currency nodes that communicate with the rest of the network. When you initiate a transaction, we broadcast it to the rest of the network so it can be confirmed. Our nodes may lose sync with the rest of the network for short periods of time. This can cause transactions to remain in the "Pending" state for longer than normal. Usually the delay is under an hour, and the transaction will eventually go through normally. Occasionally, transactions are not accepted by the rest of the network and therefore are never considered to be 'confirmed'. Common causes of unconfirmed transactions Sending a very small amount with insufficient fees All bitcoin transactions require a miner fee to be confirmed by the bitcoin network. When sending bitcoin you will be prompted to add a miner fee to make sure the transaction gets confirmed. If an insufficient fee is included, your transaction may never confirm. Under normal conditions this should not occur with transactions generated by Coinbase (our backend systems are designed to prevent this), but in general if two transactions try to spend the same coins, one of them will ne Continue reading >>

How To Clear A Stuck Bitcoin Transaction

How To Clear A Stuck Bitcoin Transaction

A Bitcoin transaction can fail to confirm, or become stuck, for many reasons. Stuck transactions may be confirmed after several days, but sometimes waiting isnt an option. Fortunately, many stuck transactions can be cleared using nothing more than a Web browser. This article shows how. The procedure described here should not be used by beginners trying to clear a stuck transaction of significant value. Doing so can lead to loss of money. This article describes a practical technique for creating and clearing a stuck transaction, but using this technique effectively takes practice and understanding. To get the most out of it, consider following the article as written and only commit a trivial amount of money. If any step describes a concept that doesnt make sense, find a way to understand it. Leave a comment at the bottom of the article. Ask a knowledgeable friend. Post a question to BitcoinBeginners , Bitcoin Subreddit , or Bitcoin Stack Exchange . Whatever happens, be sure you understand, at a high level, the procedure described here before using it to clear a high-value transaction. For demonstration purposes, this guide instructs you to enter a private key into a live Web form. An attacker can intercept this information and steal funds. Private keys should generally only be handled within a safe computing environment. However, given the small amounts of money involved in this demo, the risk is minor. A description of a more secure alternative appears before the conclusions to this post. You can clear a stuck transaction with the method described here whenever you control one or more of its outputs. If you dont control at least one output, the network wont permit you to complete the necessary steps. Fortunately, you will control at least one output in many situations. Continue reading >>

Why Is My Bitcoin Deposit Pending In Coinspot?

Why Is My Bitcoin Deposit Pending In Coinspot?

When sending coins into CoinSpot you need to be mindful of the transaction process. All transactions need to be confirmed by the Bitcoin blockchain, which we have no control over. How can I see the status of my Bitcoin transaction? You can search your transaction ID (TXID or HASH) on a bitcoin block explorer such as the one below: Simply copy then paste your TXID into the search bar. Receiving coins requires a certain amount of confirmations on the blockchain prior to being credited to your account. When depositing Bitcoin into CoinSpot you need a minimum of 6 confirmations on the blockchain to be able to use your coins in CoinSpot. From the wallets page in CoinSpot you can only see the beginning of your Transaction ID (TXID or HASH) To see the full TXID simply highlight the TXID in CoinSpot by either double clicking it (on a computer) or Hard pressing the text (on a mobile device). Once it is highlighted, copy the text. You will then be able to paste the text, once you paste the text the entire TXID will be pasted. If you have issues doing this please contact support. The speed of these transactions is not dictated by CoinSpot, it is dependent on the current congestion of the blockchain and the price of the mining fee (Transaction Fee) you paid. For example, if you paid a small mining fee then your transaction could take longer then someone who paid a larger mining fee. Every now and then the Bitcoin blockchain will become very congested which will slow down confirmations and you will notice your transactions are taking longer to reach the necessary 6 confirmations and in some cases still remaining as an 'Unconfirmed Transaction' on the blockchain explorer. A good indicator of how congested the blockchain is, can be by looking at the amount of 'Unconfirmed Transaction Continue reading >>

Why Your Bitcoin Transactions Are Taking So Long To Confirm

Why Your Bitcoin Transactions Are Taking So Long To Confirm

Why Your Bitcoin Transactions Are Taking So Long to Confirm If you have sent a bitcoin payment in the last couple of weeks, you may have noticed that your transactions are taking much longer than expected to confirm. Since, like the Bitcoin network, we are currently working through a backlog, we want to thank you for your patience. With the high volume of questions we're getting about delayed payments, we decided it would be best to write a short explanation about what's happening with many bitcoin transactions right now. How Bitcoin Transactions Get Confirmed (or Delayed) Transactions on the Bitcoin network itself aren't controlled or confirmed by BitPay, but by the bitcoin miners which group transactions into "blocks" and add those blocks to the Bitcoin "blockchain" the shared historical record of all transactions. When a transaction has been added to a block six blocks ago, it's considered a done deal. Currently, bitcoin network traffic is unusually high due to increasing demand for transactions per block. Block sizes are limited, so this means that transactions which exceed the capacity for a block get stuck in a queue for confirmation by bitcoin miners. This queue of unconfirmed transactions is called the bitcoin mempool. For context on what's happening now, here is a look at the current bitcoin mempool size . The good news? A lot of people are interested in using bitcoin for transactions. The bad news is that this network traffic may produce delays of a few hours to a few days for some users and a wait time of weeks for a small number of users. What To Do If You Have an Unconfirmed Transaction If your bitcoin transaction to a BitPay merchant has not confirmed yet, you will need to wait for it to be confirmed by bitcoin miners. Since BitPay does not control confir Continue reading >>

Reasons For A Pending Bitcoin Transfer

Reasons For A Pending Bitcoin Transfer

Ideally, bitcoin transfers should be completed quite quickly - with most being approved within an hour of being sent. However, blockchain congestion and low payment fees can cause payments to be delayed. Not enough confirmations on the blockchain All bitcoin transfers sent or received using an external bitcoin address are sent using the Bitcoin Network, known as the blockchain. When processing bitcoin payments, the blockchain periodically gives each bitcoin payment "confirmations", which lets the receiving bitcoin wallet owner know that the payment has been completed successfully. If a bitcoin transfer has not yet received any or enough confirmations on the blockchain to indicate the transfer has been completed successfully, those funds will remain as 'pending' while they are being processed by the blockchain. Whenever the blockchain mines a new "block" (usually every ten minutes or so) it adds confirmations to bitcoin transactions being processed by the network. Essentially, it's how the public bitcoin network can agree that transfer has been made and finalised without any issues. These confirmations prove to recipients and wallet hosts (such as CoinJar) that the payment has been completed successfully. Typically, confirmations are received every ten minutes or so -whenever the blockchain mines a new "block". However, during times of blockchain congestion, or if the fee attached to the bitcoin payment is too low, this time frame can be extended. Once a bitcoin payment has been sent, there is typically no way to influence the amount of time it takes to receive confirmations - unless you are actively mining bitcoins. If the payment fees attached to a bitcoin transfer are too low, there's the chance of the blockchain cancelling that transaction.In CoinJar's case, an inco Continue reading >>

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