Not always you have to spend a lot of money in the future for the cost of each of your transactions
Topic: Bitcoin transaction confirmed within 20 minutes - page 2. (Read 2585 times)
OP still paid $1
yea in america some think moving funds for $1 is good
here in england i can do a bank transfer FREE
i can use an ATM FREE
i can get a cashiers cheque FREE
in third world developing countries $1= upto 20 hour minimum wage
so in many ways in the non american mindset $1 is bad..
but some people are stuck in their american 'richguy' mindset
remember the tx fee has no relevance to the amount moved. i think the OP would complain if he was moving just 0.01btc and still needing to pay $1
if you think bitcoin is ok for the rich and nothing needs to change. then bitcoins ethos of helping the unbanked has been lost
Actually banking is not FREE. Your fiat loses value each and every day. yea in america some think moving funds for $1 is good
here in england i can do a bank transfer FREE
i can use an ATM FREE
i can get a cashiers cheque FREE
in third world developing countries $1= upto 20 hour minimum wage
so in many ways in the non american mindset $1 is bad..
but some people are stuck in their american 'richguy' mindset
remember the tx fee has no relevance to the amount moved. i think the OP would complain if he was moving just 0.01btc and still needing to pay $1
if you think bitcoin is ok for the rich and nothing needs to change. then bitcoins ethos of helping the unbanked has been lost
still i have my two transactions stuck there forever, i know i piad less than the average but i was expecting it to confirm at soem point anyway
now those money are ther eunusuable, there is a way to retrieve those little 0.04 btc? i can't do zapwallettxes, because i'm on prune mode and it tell me that you need tor edownload the blockchain? abandon TX don't work, what i can do to get back my coins?
someone can rebroadcast it at least? 92690b02403237b8681b7e9804fddb6e82f6ebcdde68cf355673f184449e6d81 17d5403074cda1822ee1622555824529a37454f471293de927569683b0b00a3a
now those money are ther eunusuable, there is a way to retrieve those little 0.04 btc? i can't do zapwallettxes, because i'm on prune mode and it tell me that you need tor edownload the blockchain? abandon TX don't work, what i can do to get back my coins?
someone can rebroadcast it at least? 92690b02403237b8681b7e9804fddb6e82f6ebcdde68cf355673f184449e6d81 17d5403074cda1822ee1622555824529a37454f471293de927569683b0b00a3a
Transferred 1.76471664 Bitcoin from my Poloniex account to Kraken this morning at 7:30am (UK Time) transactions were confirmed and funds available in my kraken account at 8:38am (UK Time) ... fee paid 0.0001 BTC
Poloniex wouldn't allow me to adjust the fee payment so had to pay what they asked for.
So over past few days done 3 transactions:
Kraken - Blockchain Wallet
Blockchain - Poloniex
Poloniex - Kraken
All transactions in my opinion completed in a reasonable amount of time ... what do you think?
Poloniex wouldn't allow me to adjust the fee payment so had to pay what they asked for.
So over past few days done 3 transactions:
Kraken - Blockchain Wallet
Blockchain - Poloniex
Poloniex - Kraken
All transactions in my opinion completed in a reasonable amount of time ... what do you think?
$3 fee on a $20 transaction and still not confirmed after almost 24 hours
https://blockchain.info/tx/bc19104e615ba441c0aeed6a144239ffcb075d6e409305ca5a7a4df1142c3cb7
https://blockchain.info/tx/bc19104e615ba441c0aeed6a144239ffcb075d6e409305ca5a7a4df1142c3cb7
OK with all the posts about transactions fees and transaction holds etc .. thought I'd post my experience ..
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
LOL, it's sad that we are celebrating 20 minute txns this day and age, maybe it's time to implement SegWit dammit . But I am happy for you, this is rare occurrence nowadays
unless you want to pay ten percent on a ten dollar transaction.He got lucky or krken placed a higher fee than 0.0005. Actually fees are not calculated by how much you transact, but how many inputs and outputs are there. Kraken, like other sites, asks their users to pay a fixed amount in fees and they will likely put a 150-250 sat/kb fee, which will be 1-5 blocks. Luckily you got in the 1 block.
My bad, wasn't insinuating that the fee was proportional, was pointing out an excessive fee is the only way to get the job done at the moment (ironically, in Mycelium, this recently resulted in a greater than a dollar fee an a roughly 10 dollar transaction. It was priority, but damn.)
OK with all the posts about transactions fees and transaction holds etc .. thought I'd post my experience ..
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
LOL, it's sad that we are celebrating 20 minute txns this day and age, maybe it's time to implement SegWit dammit . But I am happy for you, this is rare occurrence nowadays
unless you want to pay ten percent on a ten dollar transaction.He got lucky or krken placed a higher fee than 0.0005. Actually fees are not calculated by how much you transact, but how many inputs and outputs are there. Kraken, like other sites, asks their users to pay a fixed amount in fees and they will likely put a 150-250 sat/kb fee, which will be 1-5 blocks. Luckily you got in the 1 block.
OK with all the posts about transactions fees and transaction holds etc .. thought I'd post my experience ..
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
LOL, it's sad that we are celebrating 20 minute txns this day and age, maybe it's time to implement SegWit dammit . But I am happy for you, this is rare occurrence nowadays
unless you want to pay ten percent on a ten dollar transaction.
Still sucks for me. It has been 4 hours and still NO confirmations. Will check tomorrow.
OK with all the posts about transactions fees and transaction holds etc .. thought I'd post my experience ..
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
Wow. Good for you! It’s always nice when you are transferring that amount of money for the process to be quick. It always feels a little scary when your money is in the middle of being confirmed but hasn’t been confirmed yet. That is a good time, 20 minutes for that amount too. I would have expected at least an hour too so that is really good! I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
OK .. second transaction done today .. from Blockchain wallet to Polo trading account .. amount 2 Bitcoins
Transaction submitted at 8:50am and Completed at 10:32am (UK Time) - 1hr 42 minutes
Fee paid 0.0008976 BTC which works out at 240 sat/B -- This was the recommended fee by Blockchain
the recommended fee on on bitcoinfees.21.co for a quick transaction was 330 sat/B (I checked after I had already completed the transaction)
Note to self: Check at bitcoinfees.21.co before sending lol
Transaction submitted at 8:50am and Completed at 10:32am (UK Time) - 1hr 42 minutes
Fee paid 0.0008976 BTC which works out at 240 sat/B -- This was the recommended fee by Blockchain
the recommended fee on on bitcoinfees.21.co for a quick transaction was 330 sat/B (I checked after I had already completed the transaction)
Note to self: Check at bitcoinfees.21.co before sending lol
Wow that's fast, nice of you. I often read posts that theyir transaction took a long time to be confirmed, even it can take one or two days but yours is only 20 minutes? Now i wonder what usually difference the lenght of time to be confirmed? But if bitcoin confirmation really is that fast, it will be great so not many people will complain again about how long they wait, or how high the fees they need to pay. But in my opinion it's just normal, like we won't expect a fast and free transaction right?
That's really cool for you. it took me 2.5 hours to get a transaction confirmed last night. and i paid the fees!
Bitcoin transaction getting confirmed in a short is not a big surprise. Now too most of the transactions were taking place in a very short time period as stated by the wallet service providers. Few gets stuck to the network which most of the time happens even when the fee is provided high.
50K sats is quite large enough if you only have a single input. I made a transaction last monday with 54K sats fee and it was 286 sat/byte and was confirmed within 10 minutes. I just timed it that the mempool only have 140K unconfirmed transaction. But if I am going to make that transaction today, I may need to double the fee.
OK with all the posts about transactions fees and transaction holds etc .. thought I'd post my experience ..
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
exchange wallets are in the miners's priority so they confirm the money very fast. I am using bittrex wallet and it takes only 15 minutes for a transaction to be confirmed. You can try it yourself and see I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
OK with all the posts about transactions fees and transaction holds etc .. thought I'd post my experience ..
I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
just wait, your money will go to you , just be patience youre lucky because you money is ready the only thing you must do is to wait for the transactions, it will take a little bit longer but it is worth the wait when it reaches you. I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)
Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.
that is why i prefer to send bitcoin from exchanger ( usually on bittrex ) it only need a few hours to confirm and it is not like when i use blockchain it take a couple days to my transaction get confirmed
Seconded,since i do observes the confirmation times between sending on an exchange wallet compared to blockchain wallet itself. They do really differ on confirmation times i dont know what things do affect the duration but most users do use blockchain than exchange wallet.Its case to case basis actually and its quiet surprising that 2 bitcoin with low fee confirms on 20 minutes. Its amazing 
Because you have only 1 input that is why it is fast with your paid fees. With My experience though I send $8 worth of bitcoin and paying almost $2 of transaction fees because I have 6 inputs that resulted to a 1kb size and I don't know why did it happen even though I receive it from a single withdrawal.
Probably it's not even that.
A lot of exchanges are doing mass payments and it's far cheaper to send 10 payments at once that one by one
https://blockchain.info/en/tx/8f41437da1567449e57f4390ee44ce4280471a8e8944e61e7a46eccf1c608b26
vs
https://blockchain.info/en/tx/d2d75d58be3f7d2c681d0ec34a14ccb97377bddc1cb7f50cc873a2b5815c404c
The good news is that the mempool is down by more than 25% lately.
Only (lol) 160k waiting.
Good to hear youre experiencing that fast transactions,sometimes i also experience fast transaction more faster than what you have experienced but with a low fee also,this means the block size still do matter for faster transactions
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