bitcoin withdrawal pending?

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Handicapper
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just received a withdrawal via Bitcoin from 5D

but it says in the email from coinbase "It may take up to 6 network confirmations before your Bitcoin is available to trade."

What exactly does that mean? thx!
 

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Bitcoin transactions are confirmed on the bitcoin blockchain. They are usually confirmed at a rate of 1 every 10 minutes with first confirmation usually after 5 minutes. May take around 30 minutes to get the 6 confirmations.

You can track your transaction on a block chain explorer if you can find the transaction ID on 5D.

Here's a link to an explorer

https://blockexplorer.com/

Copy and paste the transaction ID into the search box near top and press enter, it will give you an update about how the transaction is progressing. You can refresh the page for updates.

Hope this helps.

PS Its a pretty cool way to transfer funds without using a bank.
 

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Gambling sites need to switch to a crypto that is tied to BTC value, but uses a different confirmation network. Litecoin, Vertcoin or Monero would be great. I primarily only deal with BTC online, but with the amount of users now, the confirmations and transaction fees have really spiked. Which ironically being faster and cheaper was one of the driving factors in it's spreading.

Also, you could of probably made more money just hanging onto the BTC instead of depositing it into a bookie site :toast:
 

Member
Handicapper
Joined
Oct 4, 2014
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Bitcoin transactions are confirmed on the bitcoin blockchain. They are usually confirmed at a rate of 1 every 10 minutes with first confirmation usually after 5 minutes. May take around 30 minutes to get the 6 confirmations.

You can track your transaction on a block chain explorer if you can find the transaction ID on 5D.

Here's a link to an explorer

https://blockexplorer.com/

Copy and paste the transaction ID into the search box near top and press enter, it will give you an update about how the transaction is progressing. You can refresh the page for updates.

Hope this helps.

PS Its a pretty cool way to transfer funds without using a bank.


thank u for all the help

so it says only 1 transaction.. and its been 5 hours. uh :think2:
 

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Should be confirmed soon block have been slow but they are being cleared pretty quickly now.
 

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Gambling sites need to switch to a crypto that is tied to BTC value, but uses a different confirmation network. Litecoin, Vertcoin or Monero would be great. I primarily only deal with BTC online, but with the amount of users now, the confirmations and transaction fees have really spiked. Which ironically being faster and cheaper was one of the driving factors in it's spreading.

Also, you could of probably made more money just hanging onto the BTC instead of depositing it into a bookie site :toast:

Agree Litecoin would be better choice as cheaper and faster.

As long as he wins he will be good, I'm trying to grow my Nitrogen account, but you don't get the free fork coins there.
 

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Handicapper
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i got it cleared after 10 hours! now it says it takes 7 business days from bitcoin wallet to my bank.... didnt know it takes that long!
 

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Converting bitcoin to cash is painful, you may be better off just holding it.
 

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