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Title: Noob Bitcoin Question About Transactions Post by: reaper73 on December 22, 2017, 01:16:32 PM My noob question:
Yesterday, I converted approx $1500 worth of XMR to BTC via Changelly. Looking at the transaction page on Blockchain.info I see 5 confirmations with a figure of 0.00973 BTC ($124.64 ish) Am I correct in thinking that with every confirmation that happens more of the BTC is "released" and hits my wallet? The $124 worth of BTC *is* showing in my wallet. Title: Re: Noob Bitcoin Question About Transactions Post by: AdolfinWolf on December 22, 2017, 02:00:07 PM My noob question: Yesterday, I converted approx $1500 worth of XMR to BTC via Changelly. Looking at the transaction page on Blockchain.info I see 5 confirmations with a figure of 0.00973 BTC ($124.64 ish) Am I correct in thinking that with every confirmation that happens more of the BTC is "released" and hits my wallet? The $124 worth of BTC *is* showing in my wallet. No, that's not how it works. Every confirmation means that there has been another block build onto the block your transaction was confirmed in, -- The more confirmations, the more secure your transaction is against 51% attacks and other mining attacks. You don't get "more" bitcoin with more confirmations.. Some services do require 1-6 confirmations, before your bitcoin is released. ( due to double spending & other mining attacks) Title: Re: Noob Bitcoin Question About Transactions Post by: DannyHamilton on December 22, 2017, 02:13:49 PM I converted approx $1500 worth of XMR to BTC via Changelly. Contact Changelly. Sounds like their system has messed up again. There's a history of complaints about them: https://www.trustpilot.com/review/changelly.com Good luck. Title: Re: Noob Bitcoin Question About Transactions Post by: reaper73 on December 22, 2017, 04:56:37 PM Thanks guys!
I've sent in a support ticket to Changelly to restore the missing funds. Definitely a problem as I now have 37 confirmations with the same $120-ish amount of BTC. Thanks for the help. |