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Author Topic: Is it possible to sell altcoins instantly?  (Read 321 times)
lukenzo13
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July 31, 2017, 07:51:00 AM
 #1

For example:

On the website you can buy altcoins with BTC or Eth. Would it be possible for customers to buy them instantly? I guess no, because it takes time for Btc or Eth transactions to go through blockchain and get confirmed. We can't release our altcoins if we don't get a payment confirmation.

Is there any way around? For faster transaction confirmations?
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July 31, 2017, 10:34:13 AM
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Not sure I understand the question, you can buy / sell your coins instantly on exchanges.
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July 31, 2017, 10:59:52 AM
 #3

For example:

On the website you can buy altcoins with BTC or Eth. Would it be possible for customers to buy them instantly? I guess no, because it takes time for Btc or Eth transactions to go through blockchain and get confirmed. We can't release our altcoins if we don't get a payment confirmation.

Is there any way around? For faster transaction confirmations?
Yes,you can buy altcoins instantly with bitcoin or ETH in exchanges.No need to bother about the confirmation and all,just put an order in the buy section and as soon as a sell order meets your buy order price,immediately the altcoin which you have bought would be found in your exchange wallet.

lukenzo13
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July 31, 2017, 11:32:34 AM
 #4

For example:

On the website you can buy altcoins with BTC or Eth. Would it be possible for customers to buy them instantly? I guess no, because it takes time for Btc or Eth transactions to go through blockchain and get confirmed. We can't release our altcoins if we don't get a payment confirmation.

Is there any way around? For faster transaction confirmations?
Yes,you can buy altcoins instantly with bitcoin or ETH in exchanges.No need to bother about the confirmation and all,just put an order in the buy section and as soon as a sell order meets your buy order price,immediately the altcoin which you have bought would be found in your exchange wallet.

Hey, thanks for answers and sorry for not being very specific. Yes, I know about exchanges.

I mean is it possible to do that on our own website and it would work like exchange.

How do exchanges get confirmations instantly if it takes time for BTC or ETH transaction to go through the blocks?

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July 31, 2017, 12:00:17 PM
 #5

I think you can buy them instantly as long as you set the sell order closest to the present value of the altcoin and that goes with buying altcoins as well. Which trading site are you buying and selling your altcoins by the way? But for altcoins to btc I don't think this week is the right time to do exchanges due to the split.

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July 31, 2017, 12:43:39 PM
 #6

It is possible to buy altcoin instantly in exchanges only if you have enough Bitcoins in the exchange. Before buying altcoin you need to transfer your Bitcoins to the exchange and buy your desired coin instantly.


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July 31, 2017, 12:48:30 PM
 #7

It is possible to buy altcoin instantly in exchanges only if you have enough Bitcoins in the exchange. Before buying altcoin you need to transfer your Bitcoins to the exchange and buy your desired coin instantly.

I think he is just a newbie on trading and he worries about confirmation of both BTC and other altcoins so that trade become successful which is not necessary on a trading platform to wait on it because all wallets on the exchange is design on direct transaction without further confirmation requirements.

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July 31, 2017, 12:49:18 PM
 #8

For example:

On the website you can buy altcoins with BTC or Eth. Would it be possible for customers to buy them instantly? I guess no, because it takes time for Btc or Eth transactions to go through blockchain and get confirmed. We can't release our altcoins if we don't get a payment confirmation.

Is there any way around? For faster transaction confirmations?

when you buy/sell inside an exchange, it's like doing it outside the blockchain, in a state channel. Every blockchain has its own processing time. There is some chain which is really fast though, such as Ripple and Iota, whose processing time is in the range of few seconds.
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July 31, 2017, 12:52:31 PM
 #9

It is possible to buy altcoin instantly in exchanges only if you have enough Bitcoins in the exchange. Before buying altcoin you need to transfer your Bitcoins to the exchange and buy your desired coin instantly.

I think he is just a newbie on trading and he worries about confirmation of both BTC and other altcoins so that trade become successful which is not necessary on a trading platform to wait on it because all wallets on the exchange is design on direct transaction without further confirmation requirements.

You are right, of course he can buy the btc or eth instantly, but for withdraw the btc or eth to his wallet, there will be some time for confirmation by the platform and the network. He just mixed this two different process.


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July 31, 2017, 12:57:27 PM
 #10

For example:

On the website you can buy altcoins with BTC or Eth. Would it be possible for customers to buy them instantly? I guess no, because it takes time for Btc or Eth transactions to go through blockchain and get confirmed. We can't release our altcoins if we don't get a payment confirmation.

Is there any way around? For faster transaction confirmations?
of course you can, actually the transaction on the exchange will not be recorded by the blockchain, its inner the exchange, they just account inside, if you withdraw your money, it will be recorded and confirmed by the blockchain

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