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Author Topic: Can someone please explain how this transaction worked?  (Read 1110 times)
Anim8r (OP)
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November 28, 2014, 06:01:04 AM
 #1

Hi Guys,

This is my first post Smiley. Now, I thought I had a fairly decent understanding of the basics behind how bitcoins work, however what happened yesterday stumped me.

Basically I had 3 Satoshi dice "accounts" that all had a bitcoin value. Then I went to withdraw the value from each all to the same BTC address that my local BTC exchange provided me as a "deposit" address.

After waiting half an hour I was worried that I had pasted in some random BTC address and that my funds were forever gone. However when I woke up 8 hours later, the Bitcoins had thankfully arrived in my exchange's "account".

The thing that stumps me is this is the deposit address used for all 3 transactions: 19CLWY1baVTiE1WUBCBoay7DKsmUCuxrw4

But yet when looking in blockchain it claims that there were no transactions made.

https://blockchain.info/address/19CLWY1baVTiE1WUBCBoay7DKsmUCuxrw4

But yet on my exchange's account hsitory page these 3 transactions did in fact go through (https://i.imgur.com/lpuljVf.png).

Could someone please explain to me how this process worked? I thought that the BTC had to actually be sent to that address which would then store the BTC until they were withdrawn by me, or traded with someone else. The exchange I'm using is bitnz.com.

Thanks guys!
-A.
Foxpup
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November 28, 2014, 07:51:11 AM
 #2

The thing that stumps me is this is the deposit address used for all 3 transactions: 19CLWY1baVTiE1WUBCBoay7DKsmUCuxrw4
The thing that stumps me is where you got that address from. It is not involved in any of those transactions in any way. Huh

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turvarya
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November 28, 2014, 08:24:16 AM
 #3

Hi Guys,

This is my first post Smiley. Now, I thought I had a fairly decent understanding of the basics behind how bitcoins work, however what happened yesterday stumped me.

Basically I had 3 Satoshi dice "accounts" that all had a bitcoin value. Then I went to withdraw the value from each all to the same BTC address that my local BTC exchange provided me as a "deposit" address.

After waiting half an hour I was worried that I had pasted in some random BTC address and that my funds were forever gone. However when I woke up 8 hours later, the Bitcoins had thankfully arrived in my exchange's "account".

The thing that stumps me is this is the deposit address used for all 3 transactions: 19CLWY1baVTiE1WUBCBoay7DKsmUCuxrw4

But yet when looking in blockchain it claims that there were no transactions made.

https://blockchain.info/address/19CLWY1baVTiE1WUBCBoay7DKsmUCuxrw4

But yet on my exchange's account hsitory page these 3 transactions did in fact go through (https://i.imgur.com/lpuljVf.png).

Could someone please explain to me how this process worked? I thought that the BTC had to actually be sent to that address which would then store the BTC until they were withdrawn by me, or traded with someone else. The exchange I'm using is bitnz.com.

Thanks guys!
-A.
The address you postet s 19CLsomething, the address in the screenshot is 19Lqsomething. They are just not the same.

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turvarya
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November 28, 2014, 08:28:48 AM
 #4

This is the one in the screenshot:
https://blockchain.info/address/19LqLREAvwa2uAqxDU3PfHfAS94rQEqPmV
(first time I typed a bitcoin address per hand and of course I made a typo the first time)

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Anim8r (OP)
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November 28, 2014, 08:57:47 AM
 #5

Oh shoot, I'm such an idiot.

The address that I had, and was checking for transactions on was the replacement one, as the exchange generates a new one after each deposit. I only checked the first few digits of the address and didn't event realise it had changed.

Feel like a real idiot now... thanks guys!
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