Bitcoin transaction

What can I do after a Bitcoin transaction (with the usual 0.0005 BTC transaction fee) doesn't generate a hash even after 24 hours?

I sent some bitcoins to Coinswitch.co . However, it's been 24 hours and my coins still haven't reached them. I spoke to their customer care and they confirmed that they haven't received anything.
I logged into my exchange from where I had sent, and checked the transaction status. It's showing as "sent successfully" but there is no transaction id / hash. The hash just shows as "waiting" with a spinning logo.
I called up the exchange and they're saying that there's nothing that they can do about this. Is there anything that i can do from my side? There is no option to set the transaction fee or else I would have gladly increased it.
submitted by zer0_snot to Bitcoin [link] [comments]

What can I do after a Bitcoin transaction (with the usual 0.0005 BTC transaction fee) doesn't generate a hash even after 24 hours? /r/Bitcoin

What can I do after a Bitcoin transaction (with the usual 0.0005 BTC transaction fee) doesn't generate a hash even after 24 hours? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What's the deal with transaction fees? Given that Bitcoins are now worth so much more than they used to be, is 0.0005 still appropriate?

I sent my buddy €5 in the form of BTC today so he could pick me up a sandwich down the street. Only later did I realise that I actually spend roughly €5.05 in the process. Granted, it's only 5cents, but in the long run, with a number of smallish transactions, that does seem like an awful lot -- especially if we expect to see Bitcoin excel in microtransactions.
TL;DR: Is the 0.005BTC fee still considered reasonable, given that the real value of bitcoins is increasing so rapidly?
submitted by searchingfortao to Bitcoin [link] [comments]

I sent a 1 BTC transaction 45 minutes ago WITH a 0.0005 fee (5 times the "set" price). Still no confirmation. Is Bitcoin broken today? /r/Bitcoin

I sent a 1 BTC transaction 45 minutes ago WITH a 0.0005 fee (5 times the submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Lightning Theft prevention question

So I have a question that I have yet to see anyone ask or let alone answer. I'll try to word it neatly.
Am I not seeing something, or how are would be thieves punished in the case of a scenario where they risk nothing to regain their money back?
submitted by 500239 to btc [link] [comments]

Sending fees question

I wanna start off saying im a complete crypto noob so thanks for dealing with what might seem like ignorant questions. I just bought about $50 btc on coinbase; learned I got raped in fees and now have setup a electrum wallet verified sig using wingpg and then sent a small amount to my electrum wallet from coinbase as a test to learn how to send coin to my wallet and even made my buddy setup a wallet so I could learn how to send. What are the exchange fees from transferring crypto from electrum to let's say a trezor hardware wallet? I'm thinking of using one of those and what are those fees going to usually? Also what's the best way to buy btc without paying a huge service fee. Thanks in advance for all the advice!
submitted by sbegtb23 to BitcoinBeginners [link] [comments]

Why bigger blocks can result in more fees and a BIGGER fee market

Why bigger blocks can result in more fees and a BIGGER fee market submitted by goldcakes to Bitcoin [link] [comments]

A pound of feathers and a pound of bricks weigh the exact same, but $1 of BTC and $1 of BCH are not worth the same.

I've been hosting some pretty popular freeroll BCH tournaments on https://blockchain.poker this week. Yesterday, the winner of the tournament asked about trading his "useless" BCH winnings for BTC. I posted this comment explaining why it makes absolutely no sense to use BTC for a tournament:
Someone asked in the site chat if they could "flip these useless BCH sats for bitcoin" (of course you can), but I'd like to explain with some simple math why BCH is ideal for running these tournaments.
The median fee to send a BCH transaction is $0.0005, while the median fee to send a BTC transaction is $0.74, according to https://bitcoinfees.cash. The evening tournament had 217 players and paid out the top 59 finishers. Of these 59 people ITM, only the top 16 paid out more than $0.74. If I was running the same tournament with BTC, that means that 33 people who were ITM and had "winnings" would have nothing at all, as the fee to send the BTC off-site would be greater than the total amount won.
It's actually worse than that, though. Suppose I finished in 7th place and won $1.50. I withdraw the BTC to my own wallet and the site has to pay a $0.74 fee to send it to me, so I'm only getting paid $0.76. BUT I STILL HAVE NO MONEY. Because I'll have to pay another $0.74 fee to send that BTC anywhere, I effectively only have $0.02 of spending power, and no one will accept 2 cents of BTC because they will be facing the same conundrum.
Maybe you're a whale and a $0.74 fee doesn't mean anything to you, but most people aren't depositing $1000 at a time to poker sites for that fee to be negligible. And even if you are a whale, it's still -EV to pay a $0.74 fee when you could pay a $0.0005 fee for the exact same service.
If anyone is interested, these tournaments have been pretty popular with the /poker community, averaging around 190 players in each one (and the tournaments have been password protected). I think blockchain.poker has seen hundreds of new users this week as a result. Unfortunately I can't afford to keep paying 0.25 BCH per day out of pocket to keep them going, but as long as casinos are closed and everyone is quarantined at home, I would like to keep them going, so I'm looking for sponsors for these tournaments. If you're a business and would like to sponsor, your logo will be displayed on the table felt to 200 users for ~2 hours straight, and the link of your choosing will be listed on both the tournament information page and on the dialogue that pops up when a player busts out of the tournament. DM me if you're interested.
If you want to help keep these tournaments going but don't care about promoting a specific logo/link, all chaintips/tippr tips sent to me in this thread will be used for funding more freeroll tournament prize pools.
submitted by BeijingBitcoins to btc [link] [comments]

FAQ for Beginners

What is Bitcoin?

Bitcoin is scarce, decentralized, and global digital money that cannot be censored.

Quick Advice

  • Do not respond to strangers messaging you with investment advice or offers and read how to avoid being scammed from the posts below.
  • Do not invest in Bitcoin until you do basic research, paid off all high interest debt, and have a emergency savings account of a stable fiat currency.
  • If investing do not expect to get rich quickly. You should expect to wait at least 1-2 years before taking profits. Bitcoin is currently very volatile. In the interim spend and replace Bitcoin because its a useful currency.
  • Beginners should avoid all mining and day trading until at least very familiar with Bitcoin. Mining is very professional(You cannot efficiently mine with your computer and need to buy special ASIC machines) and most people lose money day trading.
  • Never store your Bitcoins on an exchange or web wallet. Buy your bitcoins and withdraw it to your personal wallet where you actually own them instead of IOUs. Services like Robinhood, Revoult, and Etoro should be avoided because you cannot withdraw or use Bitcoin.
  • Make sure you make a backup of your wallet(software holding keys to your BTC) and preferably keep it offline and physical and private. Typically 12 to 24 words you write down on paper or metal.
  • Beginners should avoid altcoins, tokens, and ICOs at least initially until they learn about Bitcoin. Most of these are scams and you should be familiar with the basics first. Bitcoin is referred to as BTC or XBT.

Exchanges Requiring ID Verification

Bitcoin = BTC or XBT on exchanges
Exchange Buy fee* Withdraw BTC Notes
Cash App Sliding ~2.2% to 1% 0 BTC Instant Withdraw, USA only
Coinbase Debit3.99% ACH1.49% 1-4USD ~7Day hold BTC withdraw
CoinbasePro 0.5% 0 BTC ~7Day hold free ACH Deposit
Gemini 1.49% to 0.25%ATrader 0 BTC 10 free BTC withdraws w/ActiveTrader
Kraken 0.16% 0.0005 BTC Deposit Fiat=USwire+5USD or SEPA free
Bitstamp 0.50% 0.0005 BTC Deposit Fiat=0 SEPA or 5% card fee
Note: Exchanges all have unique market prices and spreads so fees alone will not tell you the best rates. Best way is to directly compare the rates between exchanges. Buy fees above are for normal trading volumes. Verification and hold times can vary based upon lack of history, verification level or credit.
More exchanges per location

Recommended Wallets

Best wallets for securing small amounts of BTC
electrum For Desktop and Android
Pros= Great Desktop and Android wallet with advanced functionality like coin control
Cons= UX is not as polished as some other wallets, make sure you only upgrade from official sources like play store or https://electrum.org as malicious servers or adverts can tell you to upgrade malware from other sites
https://www.youtube.com/watch?v=E4EhZg5QslI
Phoenix LN wallets for Android
Pros- Lightning network integration(as well as onchain) allowing you to spend with LN merchants for instant confirmations and much lower fees. Easiest lightning wallet to use
Cons- Lightning is still somewhat experimental and less merchants accept it.
https://phoenix.acinq.co/
https://www.youtube.com/watch?v=Cx5PK1H5OR0
Breez LN wallet for Android and IOS
https://breez.technology
https://www.youtube.com/watch?v=t_4b-y4T8bY
Pros- Lightning network integration(as well as onchain) allowing you to spend with LN merchants for instant confirmations and much lower fees
Cons- Lightning is still somewhat experimental and less merchants accept it.
Other Lightning wallets - http://lightningnetworkstores.com/wallets
Blockstream Green Wallet IOS and android wallet
Pros- Great UX, easy hardware wallet and full node integration, RBF, HW wallet support and advanced 2fa options Cons- Until single signature is released 2 of 2 multisig means that one must depend upon blockstream’s server for tx signing. Other light wallets are dependent upon other servers as well but light wallets like electrum allow you to swap servers.
https://www.youtube.com/watch?v=uO3Zi9D5b0Y
https://blockstream.com/green/
Securing Larger amounts of Bitcoin
ledger nano S wallet = ~68 USD https://shop.ledger.com/products/ledger-nano-s
https://www.youtube.com/watch?v=YI1OntWB7wc
https://www.youtube.com/watch?v=AGe2GgfkO64
trezor one wallet = ~54 USD https://shop.trezor.io
https://www.youtube.com/watch?v=pT1j_kbZBEo
Trezor Model T = ~164 USD https://shop.trezor.io
https://www.youtube.com/watch?v=i3BIo5Ac_n4
Cold Card Hardware wallet = 119.97 USD https://store.coinkite.com/store/coldcard
https://www.youtube.com/watch?v=kocEpndQcsg
https://www.youtube.com/watch?v=f8dBNrlwJ0k
Digital Bitbox 02 = 109 USD https://shiftcrypto.ch/bitbox02/
https://www.youtube.com/watch?v=tdP_7LgZw7s
https://www.youtube.com/watch?v=z7nRq2OEhiw
Best Advanced Bitcoin Wallet= Bitcoin Core
Pros= Great privacy and security
Cons= UX is for more experienced users, takes ~week to sync and requires ~5GB minimum disk space if prunned
https://bitcoincore.org/en/download/
Best High Privacy Bitcoin Wallet = Wasabi
Pros= Best Privacy with Chaumian CoinJoin built in
Cons= mixing coins costs more fees and for more advanced users
https://www.wasabiwallet.io/#download
https://www.youtube.com/watch?v=ECQHAzSckK0
https://www.youtube.com/watch?v=zPKpC9cRcZo&list=PLmoQ11MXEmahCG1nkbKK6DiAwVx9giJCi
https://www.youtube.com/watch?v=y8wQK-Ndl3Q&list=PLPj3KCksGbSaEmjU0sywoTYDVYYSu8LsS

Further Resources

https://www.lopp.net/bitcoin-information.html
https://www.lopp.net/lightning-information.html
https://10hoursofbitcoin.com/
http://bitcoinrabbithole.org/
https://bitcoin-resources.com
https://www.bitcoin101.club
https://21lessons.com
submitted by bitusher to BitcoinBeginners [link] [comments]

Three Unlimited Blockchain Technology Platforms For Making Money

Three Unlimited Blockchain Technology Platforms For Making Money

https://preview.redd.it/oey0uen5dpy41.jpg?width=2400&format=pjpg&auto=webp&s=61e7cf74e850d2a29a569837837fc327af146540
Ever since Blockchain came into existence, we have seen it create a lot of fervor in the market. There have been a number of changes across the different industries. Not only has it become an integral part of a business network, but at the same time, Blockchain has also become one of the best career options. Undoubtedly, Blockchain is one of the platforms to make money. There are various Blockchain platforms that can help you make money; we will be exploring the same in this blog.
Blockchain Platform For Making Money:
Big corporations are now plunging in the pool of Blockchain technology. They have been positively disrupted by this technology, but it’s not just them, there are various new ventures that are entering the business. Let’s explore how can we make money using Blockchain:
A Platform For Earning Bitcoin :
XBT Freelancer- Well, Bitcoin is the granddaddy of cryptocurrency and is to set the fervor of the digital currency revolution. So, the first platform that we are taking into account is the platform to earn Bitcoin. XBT freelancer is a great way to earn Bitcoin and is designed for freelancers. It includes some big names in Blockchain like Coinbase and Shapeshifts in addition to other blogging, SEO jobs, and marketing companies present out there.
USP: This platform allows the freelancers to set milestones of set pricing with the employers. It helps the freelancers get money when they achieve their milestones, and the employer can give constant feedback on the work done by the freelancer.
Earn in: Bitcoin
Fee: The listing of jobs on this platform is free of cost. However, there is a 0.0005 XBT (USD 60 cents) miner fee for each Bitcoin withdrawal. Freelances pay 10% of the total amount of the milestone that they perform.
A Platform For Earning Ether:
Ethlance: Our second consideration is earning Ether. Earning via Ethlance is very easy. There are a number of jobs listed on the portal, and it is the only platform offering earning in Ether.
USP: It is the first marketplace built on the Blockchain. While other portals are regular ones, Ethlance offers benefits that come with Blockchain. It also offers a series of tutorials on YouTube. The code is open source.
Earn in: Ether
Fee: There is no fee; however, you will have to pay the gas fee while submitting the transaction on the Ethereum network. Since there no fee, the platform doesn’t offer any dispute settlement.
Upcoming Platform
eDev.one- It is an upcoming platform that will be built on the OpenLedger Blockchain. This platform will have its own currency JOYY. The contract will be paid in USD or crypt.
Earn in: USD, BTC, ETH, BTS
Fee: the platform will charge up to 12.5% — 2.5% client, up to 10% for the freelancer based on the milestone. The platform will also offer full admin service and also support in the case of a dispute.
These are some of the common platforms which freelancers can explore. Blockchain offers a wide number of options, and these platforms are just one of the many ways via which Blockchain can help in making life simpler. To make the best use of any Blockchain platform, it is important that one must have knowledge about this technology. Going for Blockchain certification offered by Blockchain Council is a great way to make money. So, don’t wait for any Blockchain, the technology is evolving every day, and you must take the early bird advantage.
submitted by Blockchain_org to BlockchainStartups [link] [comments]

CoinJar to Begin Charging Fixed Fees for Bitcoin Transactions

CoinJar to Begin Charging Fixed Fees for Bitcoin Transactions submitted by mallocdotc to btc [link] [comments]

Blocksize: A Debate Summary

Blocksize: A Debate Summary submitted by RustyReddit to Bitcoin [link] [comments]

Buying crypto on eToro - short review (USA resident)

I got the green light from my wife to put some more money into crypto not too long ago. When the market tanked I wanted a quick way to deposit. I looked for an exchange that would allow me to link my bank account for lower fees and quicker loads. Coinbase is not an option for me, I was banned for there years ago, they would never tell me why but I assume it is for sending BTC to a place they weren’t happy with. Kraken, Bittrex, Bitstamp - they all are wire only. I wanted to try Vertbase but for some reason they had some rules that I did not like. Can’t remember what it is now but it was a complete deal breaker - you can’t just buy some bitcoin and send it away easily. I came across eToro and learned they can hook up with your bank, and they didn’t have the same weird rules as Vertbase, so I gave it a try. I will not five too deep into the platform, as I did not use many features, but here are some points I would like to share: - Verification was super easy, required no photos, and I am genuinely surprised I have my btc on my ledger without further identity steps. Not sure what the limits are, I bought less than 1 BTC. - I was able to begin trading extremely fast. Within minutes of initiating my first deposit, I was able to trade. The exact amount that was debuted from my bank account showed up in my eToro account, no fees. - They have two ways to initiate an order - “trade” and “order”. Trade mentioned leverage, and on the initial screen would not let me adjust the buy price. Perhaps there was a screen somewhere to enable advanced options but I was not interested in that. “Order” allowed you to name the price your order would fill. There is no order book or chart, it is very simple. - Going to the order screen from the price/stats page would display a bitcoin price of .75% higher. Other crypto’s have varied spreads, or fees, with BTC the lowest. This is a pretty good fee, especially when your deposit was free. - In order to withdraw my BTC, I had to create a wallet, which is a separate app. You then have to initiate a withdraw, which cost .0005 BTC. Unfortunately if you laddered your buys as I did - the app treats every individual sale as individual, so each one incurred a .0005 BTC fee to withdraw to my wallet. That kind of sucked, I had 6 or 7 orders. - I received my BTC in my wallet the next day. The wallet advertises that they keep your private keys so it’s so easy and safe- you log in with your regular account name and password. So not a good idea to store there. - Once in that wallet I immediately attempted to withdraw to my ledger. This was frustrating as it displayed the fee to withdraw, which wasn’t too bad, so I subtracted it from my total and tried to withdraw. It appeared to work but then going back to my account it said it failed due to insufficient funds for fees. I tried to withdraw about 4 more times, and on the last attempt, I was getting worried that this was going to turn into a problem, but it went through. Kind of annoying they don’t tell you how much you need, as now I have a few dollars left sitting there, went too far, and I’ll probably never retrieve it. But voila, I checked the block explorer and literally less than a couple minutes my transaction was there and the balance showed at the address, albeit the transaction still needed to be confirmed. I checked hours later and my btc is safe on my ledger. - eToro claims you cannot withdraw crypto until after 25 days after your initial deposit, but I was able to a week after my first deposit.
All in all - eToro had a big learning curve to understand how to use it. I did not find it intuitive in the least. But I am truly amazed at the low cost and speed at which I was able to both deposit and withdraw. I spent a week buying and selling a little, I wonder how fast I could have gone from deposit to withdraw had I just bought one order and immediately attempted the withdraw.
Takes awhile to figure out but if you are a USA resident, want a cheap and easy way to buy some crypto, definitely worth a look.
P.S. - I both started a ticket and a chat when attempting to withdraw the btc to my ledger, as the platform said my USD withdraw was pending. I was scared it wouldn’t work. But it was just they way they do it. Very complicated in some ways. Submitting the ticket said it would be up to 7 days to get a response so I started a chat. Took about an hour for representative to come online but she was helpful. I had an email a few hours later from support answering my ticket question. So customer service was adequate.
submitted by mrderrik to CryptoCurrency [link] [comments]

How does a Bitcoin shop know who payed?

Hello there! I've been getting familiar with bitcoin for the last couple of days and am very enthusiastic about this whole new system.
But I still have one question and I'm wondering how it works since I haven't made my first purchase yet. If I were to buy a product using bitcoins, on a website for example, how does the server know who made the payment?
For example on https://www.coindl.com/
Let's assume I'm willing to buy a product from the list on the start page. How does the website know it's me who payed and not some other user who's looking at the same offer at the same time?
I guess they could be using a different key for each customer, but then I imagine that this would require them to handle hundreds and hundreds of different keys, some with ridiculously small amounts. And if they wanted to "bundle them" it would cost them a lot in transaction fees, which might be small but might add up considerably.
I was also thinking that they could be using labels. I've seen that some people list their address as 1NICKNAME-Rest of the key. (Or Is this just a coincidence? http://blockchain.info/fb/1ninja)
How exactly does that work and does the recipient know whether the coins were sent to an address with or without that label?
Thank you very much!
submitted by DanielTaylor to Bitcoin [link] [comments]

Taking Gavin Literally /r/btc

Taking Gavin Literally /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How does adding +.0005 to a transaction mark it as significant?

What happens if I was charging somebody/somebody was charging me a price like .1125? If I sent .113 how would the network know I wanted a significant transaction?
Are there any other fees you can attach to trigger responses? Might be worded slightly out of lingo.
submitted by kbinferno to Bitcoin [link] [comments]

I did a reddit and internet search, they both say the .00000001 BTC should be sent back in 24 hours but they have not? No confirmations also. Can we get a Miner pool to fix this?

submitted by mstevenson10009 to Bitcoin [link] [comments]

Technical Question: duplicating private/public keys in an offline scenario

Hey, so my question is this: if you create an offline wallet using your software of choice (bitcoinQT for example) and the computer is never connected to the bitcoin network; how does the bitcoin network know NOT to assign the public address of your wallet to another client/user?
I'm assuming here, based on my own knowledge of the system, that public addresses and associated private keys are created when bitcoinQT is installed and run. I'm also assuming here that public addresses are verified through the network by accessing the network while connected through an internet connection. To reiterate my question above, if the client is never connected to the internet, is it possible for a public address to be duplicated? How does the system circumvent this problem?
Please answer, correct my words and/or provide as much detail as you can and have time for, and thanks in advance!
submitted by chrisun to Bitcoin [link] [comments]

Hol' up. What makes my BTC transaction fee so ridiculously high?

I found a cool steam key deal and key shop offered option to pay with bitcoin. I have some cryptos stashed on the exchange and decided that it would be good to buy something with it instead of just using it as an investment. So I go click, click, let's send a 0.0005 BTC (around $5) and it says that I don't have enough BTC to make a transaction. I use withdraw all funds to check what happens and all I can withdraw is 0.00017309 BTC and the fee is 0.00045 BTC...
I get it we need to pay fees for all the security thingies but for real - what the hell, why do I need to pay 200% fee? Is something wrong on my end or is it normal in cryptocurrencies world? I don't think we are going to make it to the mainstream