Bitcoin Forum

Hello experts.

I'm new to the world of bitcoins and also the world of wallets.
I now have a wallet at xapo, and was collecting some satoshis in my microwallet (the ammount is around 40000 satoshi).
I have set the Withdrawal limit to 0.00005825 BTC, and it's saying that the withdrawal limit has being reached.
What I want to know now, how can I withdaw this satoshis to my xapo wallet?

Kindly help with this question.

Kind regards,

Well most of the micro-wallet will automatically send those satoshi to your xapo wallet. Well at least I got it in that way.

So that would mean, I'd need to wait for the next 7 days to have the amount in my balance is this right?
eventually, will that mean I'd need to stop collecting the satoshis?

Kind regads,

Yes, Microwallet payouts are once per week.


Yes, if you wanted to completely empty your account, you would need to stop collecting satoshis after reaching the payout threshold.

I haven't used it for a long time. I think payout is automatic one you reached the minimum limit.

actually, I got the paiment done a few minutes ago,
It's still  in pending status, but I can see it on my wallet.

Thanks everyone for your answers.

Kind regards,

^^ this means the TX is still unconfirmed by the network, in theory it should be confirmed soon (or is confirmed by the time I am posting this)

I think this is a good time to look at how much time it took you to accumulate this bitcoin and the value of what you have received. You will likely see that you did not make a good use of your time and will find another way to earn bitcoin

Hello, I'm new here. But I am really interested in BTC

Would youo mind to tell me what is microwallet and what is xapo wallet? what's relationship between them or difference?

Thanks.

You should go to the microwallet site and see what it is.

It is a service for faucets or any small transactions which delay and group small bitcoin payments into a larger transaction. So the faucets pay less fee and you pay less fee when you spend the coins.

Basically you need to collect I think 5650 satoshi when this balance is achieved coins or amount will be send to your address.
You dont need to w8 for seven days if you can achieve this is one day amount will be sent to your BTC address.

xapo like any other online or offline wallets out there will create an address for you. you can use that address for your microwallet uses and after you've reached the withdrawal amount it will be automatically sent to your address after (nearly)7 days.
i believe your address in xappo is under Deposit button.

Just for those not in the know:

Best place to head to in regards to faucets is Land of Bitcoin. You will find a whole list of faucets linked to MicroWallet and each have a timer showing when you can next earn some dust. All sites in that list will send to your address on MicroWallet. If you go to MicroWallet and enter your address/key it will show you your current balance etc..

They have recently changed their payout schedules. Used to be once or twice a day but see they now say 'within next 7 days'. I have however received earlier payment so seems like they run all the transactions up to a certain amount before making a payment. So it will not always be exactly 7 days.

In regards to Xapo. They are currently running promotions on several faucet sites where they add 50% to the amount collected. So for example, if you get say 300 satoshi the total deposited into your wallet will be 450 (300+50%). The payments are also immediate, there is no waiting.

Two of the sites I know of who linked up with Xapo is MoonBitcoin and Coin Zebra.

Just an added note, Xapo do the transaction off the blockchain meaning that you will not see them should you enter your key on a site like for example BlockChain.info. The only way to see the correct balance on your key/address is by checking the balance in your wallet. This can be a bit of a pain especially if you add your Xapo address in another application like for example Electrum as a watch only address as this will not work as the address is not updated on the blockchain in real time.