What is wrong with this transaction? Will it ever confirm?

ani4444

newbie

Activity: 55

Merit: 0

Quote from: DannyHamilton on August 05, 2015, 07:38:19 AM

I would stop using this exchange immediately and would warn everyone else not to use it either.

If they can't get something as simple as handling confirmed and unconfirmed transactions correct, then I wouldn't trust them to handle more complex situations such as security and order books. Clearly they have some significant bugs in their software.

Please let us know which exchange it is so that none of us unknowingly put our funds at risk by making use of this incompetent exchange.

It is Indian exchange Unocoin , few options for bitcoin users here so exchanges are taking it easy.

Josef27

hero member

Activity: 784

Merit: 1000

Looking at previous input, they haven't confirmed as well so any transaction that use unconfirmed input cannot be processed until the root of the problem has been got at least one confirmation

DannyHamilton

legendary

Activity: 3472

Merit: 4801

I would stop using this exchange immediately and would warn everyone else not to use it either.

If they can't get something as simple as handling confirmed and unconfirmed transactions correct, then I wouldn't trust them to handle more complex situations such as security and order books. Clearly they have some significant bugs in their software.

Please let us know which exchange it is so that none of us unknowingly put our funds at risk by making use of this incompetent exchange.

Mayer Amschel

full member

Activity: 140

Merit: 100

Dont use blockchain, use blocktrail.

Blockchain is dead : https://www.reddit.com/r/Bitcoin/comments/3frn1d/satoshis_coins_have_not_moved_blockchaininfo_is/

ani4444

newbie

Activity: 55

Merit: 0

I sent bitcoins to an exchange after which the exchange forwarded it to its hot/cold wallet in the following transaction:
https://blockchain.info/tx/ff3a2c5081b1b7efda4b46e5de295a0a826e6d8a9a85cf426beb5b94085973e1

Now this transaction has input from my deposit address 1CNnrE5ZaG5Xcum9bHSkgUwk2Ae6zD7yUB and some other deposit address 1C5NEYiEStaEVL5SC7fy7bsjmTPCNyXye7. When I look into the other input transaction I see its unconfirmed, so I keep going back upto around 30+ transactions and see that none of them are confirmed.

So will his transaction confirm or is it something else , the exchange is not processing my order saying that it is waiting for the forwarding transaction to confirm.

Update: They have processed my transaction.

Topic: What is wrong with this transaction? Will it ever confirm? (Read 517 times)