I bought my first BTC via Bitinstant. I wanted to get the Coins quickly and without leaving home. I am in the USA. It ended up that I paid $500 and got $4.85 BTC in my Blockchain wallet after fees and everything. This was at a time when BTC was valued at about $96.00 at Mt. Gox.
It went through in a day and a half 3 days ago. But the $500 is still in my bank account.
Does it seem like I paid a fair transaction fee structure, and when should the funds leave my bank?
How do I know when enough confirmations have gone through so that I know the Coins are really mine and good?
Finally--was there a better way to do this?
If I want to buy some LTC now, where should I do that?
Thanks.
I don't have a blockchain wallet myself but If the coins have shoved up in your wallet there and it dosent say unconfirmed or something less then 6 confirms you should be fine and can use the coins to whatever you want. Usually you get those 6 confirms in less then an hour or two after the coins are sent(and they shows up as unconfirmed with 0 confirms in the beginning) so i guess you should have enoth confirms by now.It went through in a day and a half 3 days ago. But the $500 is still in my bank account.
Does it seem like I paid a fair transaction fee structure, and when should the funds leave my bank?
How do I know when enough confirmations have gone through so that I know the Coins are really mine and good?
Finally--was there a better way to do this?
If I want to buy some LTC now, where should I do that?
Thanks.
Bitinstant is a strange company that seems to sometimes delay when transactions go throu to get a more favorable(for them) USD/BTC price i have heard from those that has used them. Options for buing BTC in the USA is kind of limited to so i understand some people use Bitinstant anyway even thou they isen't exactly instant....
But them not drawing the funds but giving you the coins i have never heard of happening before, but i guess they will see there misstake sooner or later and correct it.