Understanding Bitcoin confirmation | Bitcointalksearch.org

JoyMarsha

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

I want to make this as a simple contribution to all bitcoin users.
The most people that needed it is new bitcoin users,
Always take not of blockchair that enable you know if you have in coming bitcoin or not before rais alarm that someone scammed or beings afraid of the delays.

Since every altcoin in the crypto space has a blockchain that it operates on, I think it is crucial for newbies to understand or use the correct blockchain while sending and receiving bitcoin or any other crypto to their crypto wallet. Despite expecting to receive bitcoin, you don't transfer or receive bitcoin using an eth address.

Quote from: adpinbr on August 13, 2023, 06:29:50 PM

Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time you made yours

Correct. Delivery times increase with transaction fees. If you select a lower transaction charge, it will take longer for delivery and not happen as quickly. It will linger for long

Quote from: adpinbr on August 13, 2023, 06:29:50 PM

secondly those of you that uses bitcoin atm machine, always not that after the sender has comfirm that he has transferred the bitcoins, And send receipt of confirmation, sometimes you may not receive and it not in blockchair, calm down and don’t panic tell the sender to call the Atm machine that he/she transferred the bitcoins from, sometimes they do this to prevent scam And so you can be sure of your payment.

The use of Bitcoin ATMs is not all that commonly use. The vast majority of users sent bitcoins using their devices while at home, free from the involvement of a third party.

Faisal2202

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

I want to make this as a simple contribution to all bitcoin users.
The most people that needed it is new bitcoin users,
Always take not of blockchair that enable you know if you have in coming bitcoin or not before rais alarm that someone scammed or beings afraid of the delays.
Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time you made yours, secondly those of you that uses bitcoin atm machine, always not that after the sender has comfirm that he has transferred the bitcoins, And send receipt of confirmation, sometimes you may not receive and it not in blockchair, calm down and don’t panic tell the sender to call the Atm machine that he/she transferred the bitcoins from, sometimes they do this to prevent scam And so you can be sure of your payment.

Thanks for making this useful post it could be explained more with some examples but it also does the work fo a slight reminder for me. And thanks again for that. One more thing I did not know before how Bitcoin ATMs work because I never intend to write something before them before plus never get to try them too.

So, I am amazed to hear that in Bitcoin ATMs you also do some P2P transactions but in the middle it is ATMs. This is what I understood from your post. I might be wrong but if that's the case then is that body whom we have to call centralized? i mean obviously, that person must be a central body or I say middlemen then why we need to use ATMs to pay high fee while we can also select the easy way.

Blitzboy

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Bitcoin transactions are irreversible, and once initiated, there’s no turning back. Relying on Blockchair to confirm incoming transactions is just scratching the surface. There's a lot more to Bitcoin and the blockchain than that!

New Bitcoin users? Please! The ones who are genuinely new need to understand the intricacies of the decentralized system and not merely the superficialities. If they get scammed, relying solely on Blockchair would be the least of their concerns.

And the ATMs? Seriously? In a decentralized financial world, we’re still talking about centralized third parties? Have you ever dived deep into the Lightning Network, SegWit, or other scalability solutions? If not, perhaps its high time you did! Equip yourself with solid knowledge before dispensing advice.

Makus

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Quote from: stompix on August 13, 2023, 09:16:23 PM

There is no such thing as disappearing coins and fake coins.
That is just another scam, they were asking you for 1 u to 10BTC upfront so you could, in theory, send 10 to 1000 fake BTC, of course, there are no such fake coins as any node would instantly reject such a transaction, and disappearing coins...just lol.
The most solid argument that this is fake is that for four years since this scam is around nobody reported such an "attack" in all these years.

What scammers use are low-fee RBF transactions, If you're gullible enough to send your goods or fiat after seeing an RBF 1sat/b tx that might never confirmed even if the sender won't change it then, it's all your fault, not some alien tech hacker.

PS
Remove the links to those scams, some newbies might fall for them.

Please sir I need links for further study to be absolutely clarified on the Bitcoin flasher scam, and thanks for the correction.

yhiaali3

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I understand that you are trying to contribute to providing assistance, but providing a quick explanation in this way for beginners will not make things easier for them, on the contrary, it may make it unclear.

In any case, with regard to the speed of transactions, it is determined by the fees, as some members pointed out, but I would like to add something here that the number of confirmations varies according to exchanges or services, because some of them require at least 6 confirmations to accept transactions, while others suffice with only one confirmation. So you can notice that the speed of transactions varies according to the receiver.

Z-tight

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Quote from: Popkon6 on August 13, 2023, 10:31:08 PM

Bitcoin Transaction It totally depends on Satoshi. Because the more satoshi you pay as gas fee, the faster the transaction will be completed. If you give bitcoin transaction as 1 satoshi volume then hundreds of thousands more transactions will be buried then your transaction will be stuck for a long time.

BTC tx's do not use gas fee, that is for Ethereum, BTC tx's use transaction fees. Before making a BTC tx, it is best to check https://mempool.space/ and choose the fee rate that you want, there you'll see the fee rate for different priorities and the fee rate you decide on depends on you and the time you are ready to wait.

Quote from: sesterceshop on August 14, 2023, 01:02:33 AM

This is great advice, and I completely relate to the initial stress it can cause. Bitcoin transactions not being instant can indeed be a bit unsettling, especially for newcomers.

I don't think there is anything great about this advice because even the op doesn't understand what they were saying. There is nothing stressful or unsettling about BTC tx's, you just need to understand how it works, which is easy to do so.

yudi09

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

I want to make this as a simple contribution to all bitcoin users.
The most people that needed it is new bitcoin users,
Always take not of blockchair that enable you know if you have in coming bitcoin or not before rais alarm that someone scammed or beings afraid of the delays.
Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time you made yours,

Not a suggestion that the reader can properly understand. Maybe you have good intentions that you want to convey here, but the way you convey it confuses the readers who read it.
The discussion about confirming bitcoin transactions can be understood by users who make shipments. The time limit for confirmation of a transaction depends on the fee settings that are installed when making a delivery unless you experience traffic congestion as has happened some time ago.

Bitcoin is not a fake coin.
There is still a mempool to explore that can be used besides blockchair.

Zaguru12

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Quote from: Makus on August 13, 2023, 08:47:38 PM

Apart from the volume of transaction which causes delay we can also add sending of fake coins, sending of fake coin looks very real as the sender will even advance to sending you screenshot of payment, and most time these coins will reflect in your wallet but disappear after some days, if you rely only on the confirmation process whereby coins will reflect in your wallet, you are likely to fall for this scam, the name of the app used for this is Bitcoin flasher.

Just like what @Stompix stated, there is nothing like sending fake bitcoins because that is what the Bitcoin Nodes are there for. Before your transaction is broadcasted on the blockchain each nodes check the transaction and if anything unusual is found the transaction is dropped immediately. So saying a bitcoin transaction could even been seeing on your wallet is definitely wrong because it is after the nodes check the transaction that it could be added to mempool and subsequently the blockchain. Any transaction not in the blockchain can never be seeing in the wallet, in fact it takes at least one block confirmation for it to appear on an exchange and probably three for wallets. So a fake bitcoin transaction cannot pass this processes.

The only way bitcoin cannot be seeing on the receiving address is when it is dropped back to the sender addresses after many days of unconfirmation in the mempool or if it is double spent to another wallet.

noorman0

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

-snip-
secondly those of you that uses bitcoin atm machine, always not that after the sender has comfirm that he has transferred the bitcoins, And send receipt of confirmation, sometimes you may not receive and it not in blockchair, calm down and don’t panic tell the sender to call the Atm machine that he/she transferred the bitcoins from, sometimes they do this to prevent scam And so you can be sure of your payment.

I don't know how scam attempts can be prevented this way. Can you provide further explanation? As far as I know, ATM machines only accept cash into their machines, most of which are also equipped with counterfeit money fast detectors before you leave the machine.

Despairo

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@OP did you ever use Bitcoin ATM? if you not yet use it don't act like you're know how it works. Bitcoin ATM always charge a high fee similar like centralized exchange, the reason is they want to make sure you will receive your Bitcoin ASAP, no need to wait for 10 hours or more.

If the transaction is already have 2-3 confirmations, it's already safe. If the seller or buyer send you the receipt of confirmation, don't entirely trust it because it can be photoshopped. The best is you need to check your wallet or the blockchain explorer.

sesterceshop

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This is great advice, and I completely relate to the initial stress it can cause. Bitcoin transactions not being instant can indeed be a bit unsettling, especially for newcomers. Just learn to monitor blockchain transactions because it's invaluable for avoiding unnecessary concerns. Patience and knowledge go a long way. Never stop learning the Bitcoin ecosystem.

Fivestar4everMVP

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Concerning how long it takes to receive bitcoin, if the bitcoin is taking too long to show up in the wallet, the user should at least confirm that the other party have sent the transaction by seeing the incoming transaction in the wallet, that is the "waiting confirming" notification, I think every wallet < both custodial and non-custodial wallets have this feature, even the centralized exchanges also have this feature, so the receiver should simply look for this notification to confirm whether or not, his or her bitcoin has been sent by the sender, there is absolutely no need for Blockchair, except on occasions where the receiver wants to find out more about the transaction, like the estimated time the first confirmation is likely to arrive, or the fees the sender paid for the transaction and so on.

But when it comes to confirming whether bitcoin has been sent or not, the receiver can simply confirm this from his or her wallet's notification tab, except the user is yet to understand his or her chosen bitcoin wallet, then I think that is a different thing altogether .

adaseb

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From what I understand most Bitcoin ATMs they use the optimal payment fee and it usually always confirms within 10-20 minutes. Maybe unless someone bought some Bitcoin right before some major event happened and the bitcoin Atm used an old fee and ended up getting added to the back of the list but that is rare.

Most confirm quick because they don’t want people calling and complaining that their BTC isn’t confirmed yet. Also the atms got like a 10% fee so the actual fee is more than enough to cover the transaction fees.

Popkon6

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

I want to make this as a simple contribution to all bitcoin users.
The most people that needed it is new bitcoin users,
Always take not of blockchair that enable you know if you have in coming bitcoin or not before rais alarm that someone scammed or beings afraid of the delays.
Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time you made yours, secondly those of you that uses bitcoin atm machine, always not that after the sender has comfirm that he has transferred the bitcoins, And send receipt of confirmation, sometimes you may not receive and it not in blockchair, calm down and don’t panic tell the sender to call the Atm machine that he/she transferred the bitcoins from, sometimes they do this to prevent scam And so you can be sure of your payment.

Bitcoin Transaction It totally depends on Satoshi. Because the more satoshi you pay as gas fee, the faster the transaction will be completed. If you give bitcoin transaction as 1 satoshi volume then hundreds of thousands more transactions will be buried then your transaction will be stuck for a long time. So to control it, you must increase the amount of Satoshi as volume, then the transaction will be completed very quickly. In most cases you can pay satoshi according to blocks and your transaction will complete quickly depending on the gas volume satoshi you pay.

stompix

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Quote from: Makus on August 13, 2023, 08:47:38 PM

Apart from the volume of transaction which causes delay we can also add sending of fake coins, sending of fake coin looks very real as the sender will even advance to sending you screenshot of payment, and most time these coins will reflect in your wallet but disappear after some days, if you rely only on the confirmation process whereby coins will reflect in your wallet, you are likely to fall for this scam, the name of the app used for this is Bitcoin flasher.

To learn more about Bitcoin flasher
nope
and nope

There is no such thing as disappearing coins and fake coins.
That is just another scam, they were asking you for 1 u to 10BTC upfront so you could, in theory, send 10 to 1000 fake BTC, of course, there are no such fake coins as any node would instantly reject such a transaction, and disappearing coins...just lol.
The most solid argument that this is fake is that for four years since this scam is around nobody reported such an "attack" in all these years.

What scammers use are low-fee RBF transactions, If you're gullible enough to send your goods or fiat after seeing an RBF 1sat/b tx that might never confirmed even if the sender won't change it then, it's all your fault, not some alien tech hacker.

PS
Remove the links to those scams, some newbies might fall for them.

Makus

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

I want to make this as a simple contribution to all bitcoin users.
The most people that needed it is new bitcoin users,
Always take not of blockchair that enable you know if you have in coming bitcoin or not before rais alarm that someone scammed or beings afraid of the delays.
Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time you made yours, secondly those of you that uses bitcoin atm machine, always not that after the sender has comfirm that he has transferred the bitcoins, And send receipt of confirmation, sometimes you may not receive and it not in blockchair, calm down and don’t panic tell the sender to call the Atm machine that he/she transferred the bitcoins from, sometimes they do this to prevent scam And so you can be sure of your payment.

Apart from the volume of transaction which causes delay we can also add sending of fake coins, sending of fake coin looks very real as the sender will even advance to sending you screenshot of payment, and most time these coins will reflect in your wallet but disappear after some days, if you rely only on the confirmation process whereby coins will reflect in your wallet, you are likely to fall for this scam, the name of the app used for this is Bitcoin flasher.

Quote from: stompix on August 13, 2023, 07:16:03 PM

I don't think there is a single person out there besides you who buys coins from a guy who uses an ATM to send you the coins.

The sender might even use the word ATM to cover up for the scam that is, if it is actually a scam transaction.

sunsilk

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

I want to make this as a simple contribution to all bitcoin users.
The most people that needed it is new bitcoin users,
Always take not of blockchair that enable you know if you have in coming bitcoin or not before rais alarm that someone scammed or beings afraid of the delays.

I barely understand what you're trying to say here.

Quote from: adpinbr on August 13, 2023, 06:29:50 PM

Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time you made yours

Yes, there's relation to the network's clogging and traffic for our transactions but it's all up to the fee adjustment. And a transaction might get stuck if you don't pay the fee that's recommended by the network.

Quote from: adpinbr on August 13, 2023, 06:29:50 PM

secondly those of you that uses bitcoin atm machine, always not that after the sender has comfirm that he has transferred the bitcoins, And send receipt of confirmation, sometimes you may not receive and it not in blockchair, calm down and don’t panic tell the sender to call the Atm machine that he/she transferred the bitcoins from, sometimes they do this to prevent scam And so you can be sure of your payment.

I don't use a Bitcoin ATM but I haven't heard any problem on using them especially if the ATM is placed on a good and crowded location.

Much better to just do it the traditional way through exchanges and avoid high fees from these ATMs.

stompix

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

I want to make this as a simple contribution to all bitcoin users.
~

Before you give advice it would be better to do your homework, also, just as important, work on the way you try to explain things because there's a lot of mistyping in that and the way you phrase things is just making it worse.

Quote from: adpinbr on August 13, 2023, 06:29:50 PM

Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time you made yours,

It can take 2 hours or 2 days or ten days or 2 minutes, what matters is the fee, that's the most important thing one should look at, volume on its own without another metric is irrelevant, the mempool can be at a record high with a million transactions waiting if you pay 500sat/b it will get confirmed in the next block just as the opposite is true, paying just 1sat/b might get you stuck for days with just a few tens of thousands of transactions waiting on top of yours.

Quote from: adpinbr on August 13, 2023, 06:29:50 PM

And send receipt of confirmation, sometimes you may not receive and it not in blockchair, calm down and don’t panic tell the sender to call the Atm machine that he/she transferred the bitcoins from

I don't think there is a single person out there besides you who buys coins from a guy who uses an ATM to send you the coins.

Z-tight

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Quote from: adpinbr on August 13, 2023, 06:29:50 PM

Always take not of blockchair that enable you know if you have in coming bitcoin or not before rais alarm that someone scammed or beings afraid of the delays.

If you are afraid of this kind of thing it means you think the person can probably scam you by double spending the funds they initially sent to you, so there are better solutions to it that what you mentioned, and that is to wait for at least 6 confirmations when you are not trading with a trusted party, before releasing what you are exchanging the BTC's for.

Quote from: adpinbr on August 13, 2023, 06:29:50 PM

Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time

Most importantly is the tx fee attached to the transaction. The average block time is ~ 10 minutes.

adpinbr

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I want to make this as a simple contribution to all bitcoin users.
The most people that needed it is new bitcoin users,
Always take not of blockchair that enable you know if you have in coming bitcoin or not before rais alarm that someone scammed or beings afraid of the delays.
Sometimes it can take more than 10 hours to receive bitcoin transactions depends on the volume of transactions generally at the time you made yours, secondly those of you that uses bitcoin atm machine, always not that after the sender has comfirm that he has transferred the bitcoins, And send receipt of confirmation, sometimes you may not receive and it not in blockchair, calm down and don’t panic tell the sender to call the Atm machine that he/she transferred the bitcoins from, sometimes they do this to prevent scam And so you can be sure of your payment.

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