Paying only the required fee is enough in most cases but since the fees are also fluctuating you can sometimes end up in a situation such as the one in the OP.
That's why I suggested making RBF-enabled transaction. In this way, you don't have to pay fee more than required and you will be able to increase the fee, if needed. As far as I'm aware RBF only works if you are the sender, so you can't use it while withdrawing BTC from a website for example.
There is no option to set the fee rate in custodial services. In custodial services, you usually pay a fixed withdrawal fee and you aren't the one who set the transaction fee. |
|
|
|
so in the future I would recommend using a fee slightly higher than minimum average to make sure your transaction gets confirmed quicker even in cases of fee jumps like yesterday.
There is no need to pay higher than the required fee, unless you are in a hurry and you want to make sure that your transaction will be confirmed in the next block. Instead, I recommend using a wallet that supports RBF, so that you can easily replace your transaction with a new one paying higher fee. |
|
|
|
whoops, i kind of missed the fact that it was a custodial wallet... I did read OP tried to use binance accelerator, but i had no idear this also meanth he used binance as a wallet... I assumed binance was just offering a tx accelerator for the broader public (i'm not really familiar with the service offered by custodial services).
I think anyone should be able to use binance transaction accelerator and using that accelerator doesn't mean OP sent the fund to binance. I understood OP has sent the fund to binance from checking previous transactions of the receiving address. |
|
|
|
just FYI, it has been said before, but child pays for parent is ideal for situations where you're the receiver... And it wouldn't be to expensive either... If you'd use the output of the stuck transaction as input for a new one with a fee of ~4700 sat, it would probably go trough pretty fast.
It's not possible for OP to do CPFP. The receiving address belongs to binance and there is no change in the transaction. I may have adopted Bitcoin early, but I lack technical expertise. Can you assist me in this regard? I'm willing to cover any expenses incurred for your help.
You can do CPFP, only if you have control over an output of the transaction. Since you have sent the fund to a custodial service, you don't have control over the output of the tranaction and you can't do CPFP. |
|
|
|
How long would it take to be confirmed by it self do you recon ?
Yesterday, someone spammed the network and increased the required fee rate to more than 30 sat/vbyte. In the last few hours, the mempools became less congested and at the time I am writing this post, transactions with the fee rate of 14 sat/vbyte are being confirmed. I expect your transaction to be confirmed in less than 2 hours. (This is assuming the network won't be attacked by spammers again.) |
|
|
|
How often do the mining pools win the POW challenge nowadays? Who are the major competitors to contend against?
The chance of being the first mining pool to solve the proof of work problem depends on computation power of the mining pool. For example, if a mining pool own 20% of the total computation power, they have 20% chance to solve the proof of work problem faster than others and win the block reward. You can see pools ranking on mempool.space. Can there be a back-to-back winner or do winners for the POW challenge get excluded from the next challenge round?
There's nothing that stop a mining pool from mining consecutive blocks. |
|
|
|
I assume OP is trying to spend an unconfirmed balance which could be showing not enough balance error.
I don't think so. Blockchain.com is a buggy wallet and I have read many similar complaints about it. Here is a report posted by someone else just yesterday. Unable to send money in blockchain.comAssuming OP is trying to spend the fund received in an unconfirmed transaction, that's still an issue with blockchain.com wallet. They shouldn't display unconfirmed coins as available balance or should allow users to spend them. |
|
|
|
but still balance is still in the blockchain account and not being transferred from blockchain to electrum.
You don't make any transaction by importing your seed phrase into electrum and you should still see your balance on blockchain.com wallet. If you have imported the correct seed phrase and selected the correct script type, you should see your balance on electrum as well. Do you see your balance in electrum? If no, check if your addresses on electrum start with bc1. As mentioned by Charles-Tim, you should select "native segwit". If your addresses are the same but you don't see your balance, check if electrum is synced. There's a circle which should be green. |
|
|
|
Electrum used to display a warning when you are about to exceed the gap limit but on the newest versions (at least on mobile) it will not generate a new address beyond the gap limit and will display this error message:
Right, that's how the android version works. The desktop version allow you to generate more and more addresses even beyond the gap limit. Below is the warning displayed by desktop version of electrum when trying to generating an address beyond the gap limit.  Electrum also highlight addresses that are beyond the gap limit in red to warn users. |
|
|
|
Please let us know if you have a solution for your case, it's good for other people with problems to know the way forward to get it resolved.
Please read previous posts before making a new reply. OP could gain access to the fund and the solution was very easy. Blockchain.com wallet is non-custodial and it gives you a BIP39 seed phrase which can be easily imported into other wallets. |
|
|
|
That's wrong, Trust Wallet is only available on smartphone, so how would you use it on laptop or onto a desktop computer?
Trustwallet has a browser extension which can be used on desktop computer. How can you store trust wallet? how did you ended up with this idea? Did you read somewhere said that trust wallet can be put in a hardware?
If I understood OP correctly, by hardware, he means laptop or PC and he is asking about the difference between using trustwallet on desktop computer and mobile phone. |
|
|
|
You already made the mistake of using a custodial wallets mate and blockchain.com is one of the unsecure wallets to consider using.
Due to obvious reasons, blockchain.com and any other web wallet should be avoided, but it should be mentioned that blockchain.com wallet is non-custodial and it gives you full access to your private keys. The only idea right now, is to try importing your seedphrase into another wallet like electrum just as other members have already suggested for you. Then try spending your funds by creating a new wallet and string them there instead.
OP's issue has been already solved and he/she now has access to the fund. |
|
|
|
Thanks alot guys, I have successfully regained access to the funds, by importing the wallet to Electrum. Lesson learned, won't be using blockchain.com again
Great. Just note that you are still using the wallet generated by blockchain.com, even if you are no longer using blockchain.com. That's not safe. As I already suggested, it would be better to generate a new wallet with a new seed phrase and move all the fund to your new wallet. |
|
|
|
If you used a random email during registration, you can change it now to avoid complications in the future.
OP is talking about the case in which the password has been forgotten. You can't change your email address, if you don't remember your password. Due to security reasons, for any change you want to make to your account, the current password is asked. |
|
|
|
Just create a wallet>standard wallet>I already have a seed>input your 12 words.
You should also click on "Options" and select "BIP39 seed". The next button would be unclickable, if you don't select "BIP39 seed". You should also select the script type in the next window. Select "legacy", if your addresses start with 1 and "native segwit" if your addresses start with bc1. |
|
|
|
Blockchain.com wallet has been always buggy and I have read many similar complaints. It's also close-source and there is no way to know how the keys are generated. Export your seed phrase (a series of 12 words) and import it into electrum. You will have access to your fund if there's any. I also recommend you to create a new wallet with a new seed phrase in electrum, send all the fund to your new wallet and avoid blockchain.com. Warning: Download electrum only from its official website. |
|
|
|
True, but again it's very unlikely that anyone, not just a newbie, would generate 20 addresses, not use any of them, and decide to use the 21st or the 31st.
You are right. As I said in my previous post, it's unlikely that OP has generated an address beyond the gap limit. My point was just that it's possible to have an address beyond the gap limit without going to console tab and using the corresponding command. Do you remember such an incident on Bitcointalk or have you seen it somewhere outside of the forum?
No. |
|
|
|
It's theoretically possible, but I don't see a beginner increasing the default gap limit, unless someone else set up his wallet for him and had access to his computer. To increase the default gap limit you would have to enter a command in the console tab. I think that's the only way to do it, and that's why I think it's a small probability that this is what happened.
It's possible that someone receive fund at an address beyond the gap limit without going to console tab and increasing the gap limit. To do so, you should go to receive tab and generate more than 20 new addresses. If all first 20 addresses are unused, the 21st address will be beyond the gap limit and you won't see the fund if the 21st address has received fund and you recover the wallet from seed phrase. Electrum displays a warning when generating an address beyond the gap limit and as you said, it's unlikely that OP has generated such address. |
|
|
|
|
Show Posts
