goo38, thank you for response. Three more questions:
1) Any idea as to how long the transfer from Coinbase to Bittrex might take?
2) I would like to buy other coins with this bitcoin immediately. Bittrex says that it might take up to two weeks. Has anybody experienced this?
3) I got an email today saying this:
"
The User Activated Hard Fork (UAHF) is a proposal to increase the Bitcoin block size scheduled to activate on August 1. The UAHF is incompatible with the current Bitcoin ruleset and will create a separate blockchain. Should UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.
The User Activated Soft Fork (UASF) is a proposal to adopt Segregated Witness on the Bitcoin blockchain and could result in network instability. It is scheduled to activate at the same time as the UAHF.
"
a) Can anybody tell me how it'll affect my transfer of bitcoin from Coinbase to Bittrex?
b) How it might affect my purchase of other coins using the bitcoin on Bittrex?
I really appreciate anyone who responds.
1) You are not purchasing bitcoin in Bittrex so I don't think the 2 week timeline is relevant to you, I believe this timeframe is regarding verification of your account, you are able to deposit and trade with an unverified account, but if you want to withdraw a large amount then you will need to follow the Bittrex verification process.
For now if you are just sending your 1 BTC to Bittrex all you need is your Bittrex BTC address and you will be able to send from Coinbase to Bittrex.
It shouldn't take too long no more then a few hours max but it should get there quicker, once you send it from Coinbase after a few minutes you should be able to see a transaction Id, if you take this ID and place it in
https://blockchain.info/ you will be able to see how many confirmations it has, Bittrex requires 2 confirmations for it to hit your account.
2) I think this must relate to being verified and purchasing bitcoin directly via Bittrex, you should not face any time delays in purchasing other coins once your bitcoin enters your Bittrex wallet
3)
a) if you are sending your bitcoin to Bittrex now you will not face any problems
b) purchasing of other coins will not be affected.
Hope that helps.