I'm waiting for confirmation in my Mycellium Wallet. It's been over 2 days now. The source paid $12.75 for the mining fee. The transaction says..
0 confirmations
Warning: wait for at least one confirmation!
(unconfirmed parent)
I look on Blockchain and it says unconfirmed. Sender Address has a red (U) in parentheses just between it and the (btc output) parentheses. It's sent to 2 addresses
The 2 receiving addresses. 1 of which says (unspent) in green also in parentheses directly following it. The second one has (spent) in red also in parentheses directly following it.
What does all of this mean? Remember I am only receiving BTC that I bought.
Welcome to this forum as your are newbie still it will take some time to understand things.
Anyways, Bitcoin is share or token system which is decentralized, but to give more security and transparency to transaction it needs to verify by miner and keep this ledger record open for every node to re-verify.
Whatever amount you have bought is received to wallet address from senders wallet address. So in such transaction remaining amount is stored to sender address with unspent. for these transaction it require fees, and this fees paid to miner to verify broadcasted transaction.
Generally its take 8 to 9 minutes to solve 1 block, so always check in which block your transaction included. So that you can check wheather this block get solved or not and who relayed it.
How do I check which block my transaction is included in? Also, how can I get this done faster?