Bitcoin Forum

Waiting for the mining process is always the absolute worst. Everytime I convince myself I've put the address in wrong and fucked myself... only to wait 30 minutes and find out its fine.

What do you guys do while you wait? Yoga? Help me.

You don't have to wait for your Bitcoin to reflect in your wallet just so you know that you already have it. Just by looking at any block explorer website (just like this one (https://www.blockchain.com/explorer)) and putting in your tx id or even one of your Bitcoin addresses you are using in the transaction is enough for your to know that you have an incoming BTC going inside your account. The block explorer is there just for you to have a peace of mind every time you send and receive Bitcoin. Bitcoin's Blockchain is right available in our browser just don't be shy on using it.

I love you. thanks for helping a noobie out.

I usually look up the transaction ID in a block explorer to confirm that it has been broadcast and all looks as expected.* If it does, then we're all good. As long as you double check your address and amount before hitting send, you have nothing to worry about. A hardware wallet might help you with this if you don't already have one, since the address and amount are displayed on its screen, and you have to confirm them there before the transaction will send.

Why do you get concerned about the wrong address? If you are typing it by hand, know that if you make a small mistake, you will almost certainly end up with an invalid address, which your wallet won't let you send to. If you are copy and pasting it, then you are only at risk if you have clipboard malware which will change the address (usually very noticeably) to a different one. As long as you double check the address you have entered with the one you want to send to as I said above, you will be safe.

*I prefer blockchair.com (https://blockchair.com/) or blockstream.info (https://blockstream.info/), since they both support Segwit addresses and both show fees more accurately in vBytes rather than bytes.

I usually do a double or triple take on the address that I have placed on the empty field just so I won't screw up and send the coins to the wrong destination. There are tons of malware out there in the open in which clipboard is being hijacked and the copied address changes into something that the creator of malware wishes us to send to. Next confirmation I would like to see is whether it's already out in the blockchain, broadcasted and just awaiting for confirmations. Once it's there, I just let it be and do my own thing knowing that it's already safe.

Hmm, when I send huge transaction, I get anxious too, that's normal because one wrong character or number in adress and your lovely bitcoins are gone forever, it's not like bank where you have some chance to get transaction back so you need to be very careful but what I do is following: I copy bitcoin adress, then click on search (on browser) and when adress matches, then I copy that adress in wallet and click on send. I think it's good advice if you browse walelt adress from blockchain or browser, just copy, check if that matches and then send on that adress. After this check, I'm relaxed.

Send the coins late at night and go to sleep straight afterwards...

Check it's on block explorers too like blockchair or btc.com...

I just get issues with any size of transaction I send. With $250 I'm still thinking I've sent it to the wrong place until I'm proven otherwise...

That's not true. Bitcoin addresses contain a built in checksum, so if you accidentally change a character or two, the checksum will not match up. You will almost certainly end up with an invalid address which your wallet will not accept. The chance of generating a valid but incorrect address from a typo is about 1 in 4.3 billion.

You can read more about it here: https://en.bitcoin.it/wiki/Address#What.27s_in_an_address

When I'm making a high value transfer -- to an exchange, for example -- I use Electrum. On the "preview transaction" screen, nothing can be changed, so you can't make additional typos. I copy the output address from that screen, then use Ctrl+F to verify in browser that the address matches exactly. Then I broadcast the transaction.

Otherwise, I just depend on Bitcoin's Base58Check mechanism (https://bitcoin.stackexchange.com/a/76602) and double check the first few and last few characters of the address:

when i was a newb on the btc scene yes or if when im about to use a new wallet yes im anxious about doing a transaction but as soon as i succesfully send one , it makes me confident the next time i use the wallet  .

its normal if the btc takes time to arrive because the btc network is always overloaded but its also dependent on the fee that you choose  or the priority of the transaction  .  and like everyone else , i also check the transaction on the blockchain but some wallets dont records it  , this makes me worried sometimes  .

No need to panic. Simply check your Bitcoin wallet address through the Bitcoin Blockchain Explorer. And the system will automatically provide details about all transactions in the wallet. Delivery between personal wallets does not require a long time. In contrast to transactions between personal wallet to wallet exchanger, which usually takes half an hour to confirm the balance.

I do, I legit like 10x check even sending .001 btc.

The copy pasta hack got me once, never again. It sucks when the guy on the other side has the copy and pasta hack because they assume you ripped them off.

You get this anxiety because you don't trust the system. Do you also get the same anxiety when you send fiat money to someone? It's natural to be frightened especially when sending a lot of money but you should feel the same with fiat and crypto.

I feel a a little bit of it but not because it is cryptocurrency but because it's something I've worked for and I don't want to lose it.

Recently I just transferred some coins between my wallets or received only incoming transactions, and I just wait to get a notification about pending transaction, which happens as soon as a transaction is broadcasted to the network. After that I close the wallet and simply don't care when it will confirm - in 10 minutes or 10 hours. I'll just check that everything is ok later. You need to be careful with BTC and verifying addresses before making a transaction is a must, but don't let it stress you so much.

When I use to tranfers high amounts of BTC, I always be a little worried, check the adresses twice, check the internet, check the websites  ;D ;D ;D

I think it's normal for us

You don't actually have to wait for the transfer to be completed before you will know that you got it right. The transaction, even before it is fully confirmed, is already available at the pending deposit of the receiving address. So as soon as you can see it there, you may now focus more on your yoga.  ;D And it will help you feel at ease if you check the transaction several times before finally clicking on the final button. You don't even have to wait with anxiety if you do that.

your anxiety doesn't make any sense to me!
you don't have to wait to know if the address was correct or not. when you past it in your wallet to pay to, first you check if it was pasted correctly by simply checking a couple of characters from the start and the end. then you only let the wallet check the validity of the address (encoding and checksum) and do the rest.
as soon as you click send and the transaction is sent to the bitcoin network, you are done. there is no reason to wait 30 minutes for 3 confirmation to be sure if it was  correct or not!

It's really nothing to be scared of, though while sending coins i'm always vigilant or rather very careful, it's not like the chances of making mistakes are high, but just to eliminate totally a possible chance of it happening.

When you copy the address and paste, just make sure you check the address properly as there are scammers who use malwares to steal info from phone/laptop keyboards, so it's always good to be careful, not scared.

I actually used to do this back in the day and depending on the amount I still might do it.

First I send a small amount, and wait for the transaction to arrive wherever it was sent. If it arrives successfuly then I simply resend to the exact same address as before. This way if there is some clipboard virus or if I make a mistake and copy a BCH address instead of a BTC address then the loss is small.

However lately I tend not to do this because of BTC transaction fees, I rather not waste $5 or so per transaction so I just double check my addresses multiple times. Back in the day sending transactions was almost free so you could easily send BTC back and forth and not worry.

at first, yes, but after I have done atleast several dozen of transactions before I know it the anxiety is gone.
Even though the anxiety is gone I always double check everything to make sure everything is okay on my end
and not end up sending it to another account.

Nothing. You will get used to the process.

And there is almost nothing you can do if you entered the wrong address. So I always triple check addresses and amount before I commit a transaction. You should do that as well.

What I like to do is to send a small portion of the total amount first to see if it is successful and then once I have verified that it was successful, then I send the balance. I have heard horror stories, where people had Malware installed on their computers and where the Clipboard was hijacked and then when they want to Copy&Paste, it would paste the hackers address and not the address that was copied.

So apart form double checking the address that I pasted, I also check if the actual transactions was successful with a small amount first. I only do this when it is a large amount of coins, because doing this with smaller amounts will just add more tx fees to your final transactions. It might sound overkill, but I am a bit paranoid over things like this.  ::)

I follow the same process that I did when I made the first bitcoin transaction years back. It was just 0.001btc. I came to know about it through my friend and he guided me to create a wallet and the further process of sending transactions. Suggested me to go with the fee that's been levied automatically. Even now I follow the same process and showed how it gets reflected on the network. Once after making the transaction I'll check with the network. Later automatically it used to get credited once confirmed. There is nothing to complicate as my funds transfered were small. While doing large volume transactions more pre checks is a must.

Transferring Cryptocurrencies are always scary due to the fact that it is intangible and people are not too sure on how the funds are being transferred. Some wallets show the details of the transfer and because of these wallets, we can be sure that our money is safe but if we are transferring it Blindly then that sure is scary. We should stay patient and ask the administrators if able if there is a transparent way to view the transfer of funds.

There is a chance that he might be talking about the copy/paste or clipboard virus here that has just infected a lot of crypto users recently. The way the virus' works is when you copy your own address it will replace it with a similar address which they control hoping that the user will send the cryptocurrency on the wrong address. So there is really nothing wrong on double checking your wallet address once or twice to see if its really the right one, I mean we are talking about our money here.

NOTE:
FOR Newbies check out how this virus works (https://www.youtube.com/watch?v=Ty-_IjavYH4) on your desktop so you get the idea on how they do it.

When I trade larger amounts on the exchanges I start shaking I get so anxious. I check and recheck my address over and over and over again. Hell, I even call someone to come check if the two addresses match if I make really big exchanges. When it is all done and over I feel better when it is all in my wallet I feel safe again and don't shake anymore. It is a thrill and exhilarating. I also take deep breaths and sometimes get up for a walk to properly think out my trades before I make them. I like to prolong the time I take since most mistakes are made in a rush.

That has never really bothered me because I am already use to this, except maybe that would be your first time of actually making such transaction, but for those that are already used to it, I think we all know that before any coin can drop in another wallet when you make transactions, it usually take time, 30 minutes is even still fine, I have seen cases where mine took even over 7 hours, I don’t know if anyone has experienced this too.

The only thing that mostly help me in waiting without thinking it is an issue is that I am always getting alert that there is a transaction that needs to be confirm, so I just wait for the confirmation period, so I don’t know if the period is for mining it or not, all my wait is for my token to drop wile I go about my general business.

That's probably the best advice.Just try to double-check 3 or 4 times the correct address and that's it.When the amount of sending large then everyone starts to get nervous.But this can be avoided by trading on trusted exchanges and exchanging bitcoins at trusted exchangers.

What is the need for you to see your btc in other wallet before you get crazy of believe you own it, btc is not scam and where ever you have it , its yrs only if in exchange and could be transfer base on the exchange having issue but definitely not as scam.

Hah , I know what you mean.
But no, not any more.
I remember the first times I was very anxious, the main reason probably was that i did not know how things work back then,
Now i just recheck the address few times and dont worry.

I’ve had a number of scares when sending bitcoin from one address to another but it’s all been down to my paranoia not anything I’ve done wrong. Once I sent a large amount from one one QT wallet to another & just at the moment I sent my internet connection dropped. The coins being sent were deducted from my balance but not showing in my other wallet.

I got some advice & had to sendrawtransaction in the command centre. It worked but I nearly had a heart attack.

I have similar feelings, especially when transfering large amounts of BTC. I always check everything 3-4 times before I send BTC to be sure that address and amount is correct. But after that I still have fear that some symbols in recipient address might be changed by some kind of malware. Usually I relax only when I see that transaction start to get confirmations. Maybe my paranoia should be gone after all these years in crypto world, but I think it's better safe than sorry. Especially when crypto world is full of malware, or there is more than enough stories when people lost lot of BTC just because they sent it to wrong address. Actually I also check everything multiple times when I make bank transfers.

read this forum to kill time ;D no need to worry about your transaction, it will be confirmed in good time
just have to double check before broadcasting and re-check on block explorer everything as intended

for me, I get anxious while having my bitcoin in an exchange
there is always a possibility that the exchange gets hacked or locks my account :'(
and there is nothing I can do to save my bitcoin when it happens

Well, waiting is the hardest part.  ;D
But bitcoin transactions are really slow, I remembered I am too worried before when my btc still not yet arrived the whole night. I tripled checked the btc address where I have sent it and it was right, so it made me feel comfortable and think that it was just a natural scenarion in bitcoin transferring.

What did i do while waiting? Still do the usual things, not yoga but working and reading stuffs about crypto in this forum. As long as the btc address is correctly copy pasted, nothing to worry about.

Sometimes it can really be frustrating, having to wait for transaction and imagine that you needed it urgently to withdraw, there is a transaction that was sent to me once particular day around 2 pm, I didn’t get the money drop until about 1 pm next day.

There's nothing you can do but to wait. If you put all information and pretty confident that it is the right address when why are so nervous about it? You don't need to go to length to do yoga or something, just keep relax and watch it transpired into blockchain.com or whatsoever bitcoin block explorer you wanted to.

I would understand that you became frustrated but if you make sure every data is correct then nothing to worry, Also, in this game, patience is the key, otherwise you won't survived in this market when you don't have that kind of mentality.

This is one of the many problems you face when using a third party custodial wallet such as a web wallet or an exchange; many do not give the option to choose your own fee, and many don't broadcast the transaction straight away, instead opting to hold your transaction until they have a large enough number of transaction to batch them all together to save themselves some fees. The real irony is that you often end up spending more in fees than if you held the coins in your own wallet, and you get a slower transaction despite paying more.

If you keep your coins in your own wallet, you can set a fee high enough to confirm in the next block.