Bitcoin Forum

Bitcoin => Legal => Topic started by: Chuckp on June 07, 2018, 01:04:27 AM



Title: How Long Should it Take for Bitcoins from an ATM to reach my Edge wallet?
Post by: Chuckp on June 07, 2018, 01:04:27 AM
Dumb Newby question:  How long should it take Bitcoins to reach my Edge wallet from Bitcoin ATM?  Transaction about 45 minutes ago, and still nothing. Have receipt, but not worth much with this stuff.



Title: Re: How Long Should it Take for Bitcoins from an ATM to reach my Edge wallet?
Post by: Don Pedro Dinero on June 07, 2018, 02:56:04 AM
I haven’t used any ATM but speed of bitcoin transactions depends on how saturated the mempool is and the fee you pay. The higher the fee the faster the transaction.


Title: Re: How Long Should it Take for Bitcoins from an ATM to reach my Edge wallet?
Post by: Kemarit on June 07, 2018, 07:35:31 AM
I haven’t used any ATM but speed of bitcoin transactions depends on how saturated the mempool is and the fee you pay. The higher the fee the faster the transaction.

Speaking of mempool, unconfirmed transactions are less than 4K currently as per (https://blockchain.info/unconfirmed-transactions) so I don't think the network is clogged. I only haven't try to used ATM, but usually as @Don Pedro Dinero, probably based on mempool , however its not saturated. The only thing we need to look at is the transaction fee. Anyways, it looks like there's no issue that I'm seeing that can delay your withdrawal so I guess you need to wait and see how it goes for you.


Title: Re: How Long Should it Take for Bitcoins from an ATM to reach my Edge wallet?
Post by: avikz on June 07, 2018, 07:38:09 AM
Don Pedro Sir given the correct answer already! However, just to add, bitcoin transactions usually requires around 30 minutes to receive 3 confirmations before they appear in your wallet. Since you are saying it was not appearing even after 45 minutes, you may want to call up the ATM operator company to check with them. Their numbers are usually found on the ATM itself or on the transaction slip. Please let us know the final status of the transaction.  



Title: Re: How Long Should it Take for Bitcoins from an ATM to reach my Edge wallet?
Post by: audaciousbeing on June 07, 2018, 01:47:05 PM
Dumb Newby question:  How long should it take Bitcoins to reach my Edge wallet from Bitcoin ATM?  Transaction about 45 minutes ago, and still nothing. Have receipt, but not worth much with this stuff.




I would appreciate if you would have come back and give update on the progress of the transaction because of those that might want to try it out. I have not used a bitcoin ATM before but 45 minutes is surely a long time to receive your coins and there is no way to get the transaction id for you to confirm on the blockchain if the transaction has been sent or not. Since you have your receipt and before the company would be allowed to put their ATM in that location of yours, it surely must be known to the relevant government agencies and that is why I want to believe you have not been scammed. The only explanation I can give here is that from the back-end, the transactions are not sent in real time but rather in batches for them to reduce make more money in reducing the transaction fees.


Title: Re: How Long Should it Take for Bitcoins from an ATM to reach my Edge wallet?
Post by: MrBitco.in on June 08, 2018, 12:18:05 AM
Dumb Newby question:  How long should it take Bitcoins to reach my Edge wallet from Bitcoin ATM?  Transaction about 45 minutes ago, and still nothing. Have receipt, but not worth much with this stuff.



Hi Chuck, try to locate the ATM on coinatmradar.com and call the number listed for support. Transactions should normally be fast and appear in your wallet seconds after purchase.



Title: Re: How Long Should it Take for Bitcoins from an ATM to reach my Edge wallet?
Post by: KorakPawon on June 08, 2018, 11:42:57 AM
Dumb Newby question:  How long should it take Bitcoins to reach my Edge wallet from Bitcoin ATM?  Transaction about 45 minutes ago, and still nothing. Have receipt, but not worth much with this stuff.


I've done it and usually there is some confirmation in advance of every wallet system you use more or less 6 to 7 confirmation and then you can feel your own money in the duration of about 2 to 3 hours but I do not know also whether in every country the same or not .