Bitcoin Forum

Economy => Service Discussion => Topic started by: CryptoDomains on March 04, 2014, 02:47:54 AM



Title: Blockchain deposit time
Post by: CryptoDomains on March 04, 2014, 02:47:54 AM
When someone sends BTC to a wallet, how long until they appear.

Thank you


Title: Re: Blockchain deposit time
Post by: cloverleaf on March 04, 2014, 06:19:19 AM
It should be instant although each confirmation generally takes 5~10 minutes. Yes, they are irreversible.


Title: Re: Blockchain deposit time
Post by: hostmaster on March 04, 2014, 06:20:20 AM
Someone sent bitcoins to my online blockchain wallet, how long until they appear and once received they are irreversible, correct?

Thank you
in normally in most cases takes maximum 30 minutes to arrive.


Title: Re: Blockchain deposit time
Post by: bassclef on March 04, 2014, 06:28:57 AM
You'll see it arrive within seconds and once the tx is included in a block (confirmed), you can trust it.


Title: Re: Blockchain deposit time
Post by: DannyHamilton on March 04, 2014, 07:11:18 AM
Someone sent bitcoins to my online blockchain wallet, how long until they appear

Unless the sender did something wrong (such as fail to include a transaction fee on a transaction that requires a fee), you should see the transaction in your blockchain wallet within a few seconds of it being sent.

and once received they are irreversible, correct?

Thank you

To be considered "irreversible", you should wait until the transaction has at least 1 confirmation (better yet, a few confirmations).


Title: Re: Blockchain deposit time
Post by: CryptoDomains on March 04, 2014, 01:41:28 PM
Thank you all so much, still getting the hang of this.



Title: Re: Blockchain deposit time
Post by: CryptoFuture on March 04, 2014, 02:06:20 PM
Search for the receiving address you told to the payer on http://blockchain.info or http://blockr.io/

You should see the transaction there within seconds after he sent it.

If you see it then it's already very, very unlikely that it can be reversed (or to be technical, never spent) but for large amounts to be sure you should wait until 1 confirmation. Or for super large amounts wait until 1-3


Title: Re: Blockchain deposit time
Post by: CryptoDomains on March 04, 2014, 11:47:48 PM
Thanks again, just curious what exactly will the confirmation be?

So newb of a Q I am sure but again, just starting out, thanks.


Title: Re: Blockchain deposit time
Post by: DannyHamilton on March 05, 2014, 12:28:45 AM
just curious what exactly will the confirmation be?

A confirmation just means that the transaction has been officially recognized by the bitcoin network by including it in a mined block.

Additional confirmations just means that more blocks have been added to the blockchain burying the block with your transaction deeper and making more difficult for the transaction to be modified by an attacker.

If you view the transaction in your blockchain wallet it should tell you how many confirmations the transaction has.

Typically, as long as the sender pays a reasonable fee and doesn't include any outputs from the transaction that are valued at less than 0.000054 bitcoins, confirmations average about 10 minutes.  They are random, with a long term average of 10 minute intervals, so it is possible occasionally for multiple confirmations to occur within a second, and it is possible occasionally for a period of more than an hour to occur between confirmations.


Title: Re: Blockchain deposit time
Post by: CryptoDomains on March 09, 2014, 04:31:30 AM
Thank you sir, simple :)