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Author Topic: how many time it takes to confirm btc payment in coinbase?  (Read 781 times)
moynul2050
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May 09, 2017, 08:29:33 PM
 #1

actually one of my friend send me some btc through coinbase almost 6 hours ago...but still it shows pending to my coinbase wallet...is it ok  Huh  Huh

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dissident
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May 09, 2017, 08:42:59 PM
 #2

Mine never took more than 15 minutes, I'm assuming because the exchanges provided an ample fee when they sent it (poloniex and bittrex)
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May 09, 2017, 10:33:42 PM
 #3

If payment was made from Coinbase account to another Coinbase account, payment should be instant.
Other transactions confirmation time may be different, it mainly depends on bitcoin network status. Your bitcoins should arrive sooner or later. But if you or your friend are worried, you can try contact Coinbase support.

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May 09, 2017, 10:36:14 PM
 #4

actually one of my friend send me some btc through coinbase almost 6 hours ago...but still it shows pending to my coinbase wallet...is it ok  Huh  Huh
Probably hasn't received all the confirmations that Coinbase requires, it is likely he had a low fee on it and it will take a little while for the transaction to be fully confirmed.

It's fine and will likely be confirmed within the next day at most, more than likely a shorter time than that since it's been waiting for a while. I don't know how big the queue is but there's a solid chance that it isn't really big and the miners are still chewing through transactions ahead of it.


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May 10, 2017, 12:12:44 AM
 #5

Probably going to take a ton of time as the amount of time you're stating is probably showing that you're friend send the TX (Transaction Fee) really low, so it's going to take a long time / never confirm depending on the amount of fee he/she set. You may even want to check if the money was ever sent or if it's arrived in your Coinbase account and hasen't been confirmed.

If I were you, I'd put the TX here so some people can try to run it through a TX accelerator which could help to get it confirmed ASAP.

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FlamingFingers
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May 10, 2017, 12:43:41 AM
 #6

actually one of my friend send me some btc through coinbase almost 6 hours ago...but still it shows pending to my coinbase wallet...is it ok  Huh  Huh
Probably hasn't received all the confirmations that Coinbase requires, it is likely he had a low fee on it and it will take a little while for the transaction to be fully confirmed.

It's fine and will likely be confirmed within the next day at most, more than likely a shorter time than that since it's been waiting for a while. I don't know how big the queue is but there's a solid chance that it isn't really big and the miners are still chewing through transactions ahead of it.

Probably going to take a ton of time as the amount of time you're stating is probably showing that you're friend send the TX (Transaction Fee) really low, so it's going to take a long time / never confirm depending on the amount of fee he/she set. You may even want to check if the money was ever sent or if it's arrived in your Coinbase account and hasen't been confirmed.

If I were you, I'd put the TX here so some people can try to run it through a TX accelerator which could help to get it confirmed ASAP.

Goodluck
Both of you should stop blabbering about shit you can barely comprehend. Firstly, transactions between two Coisbase accounts don't take fees. Secondly, TX accelerator doesn't work with online wallets' transactions since Coinbase already rebroadcasts its transactions. Thirdly, Coinbase transactions take long time because they get queued to be confirmed.

For OP, this might be a reason why your transaction hasn't been there yet – https://blockchain.info/en/unconfirmed-transactions According to this: https://support.coinbase.com/customer/en/portal/articles/593836-why-is-my-transaction-pending-?b_id=13521
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May 10, 2017, 01:10:24 AM
 #7

It usually takes around 15 minute to get confirm payment.
I assume its the age accounts are something, Maybe new accounts takes longer pending times just saying. Roll Eyes
romero121
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May 10, 2017, 01:24:23 AM
 #8

Right now coinbase is not an exception, everywhere such issue on confirmation is going on with the wallet service providers. Here this to be due to the increased number of bitcoin transaction happening at the same time with similar fee. This at times will be made faster with accelerator service. The same is not possible with coinbase as one of the user quoted as every transaction is rebroadcasted.

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May 10, 2017, 02:22:44 AM
 #9

OP, before sending transactions outside of Coinbase always check the unconfirmed transaction count. https://blockchain.info/charts/mempool-count

Anything above 20k unconfirmed transactions is too high these days, before it was 10k. But a slightly higher fee will fix that. But if you want to move your coins just for the sake of moving then it is better to wait for the mempool to be under 10k unconfirmed transactions. We should now also learn how to be efficient in using Bitcoin.


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moynul2050
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May 10, 2017, 10:34:26 AM
 #10

It usually takes around 15 minute to get confirm payment.
I assume its the age accounts are something, Maybe new accounts takes longer pending times just saying. Roll Eyes


my account age is more than a year...it almost now 12 hour have been past but still show pending  Embarrassed

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