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Author Topic: Won't britcoin just eat my money?  (Read 1259 times)
felix913
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June 24, 2011, 12:35:51 PM
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I want to deposit some BTC on britcoin. The only problem is how does britcoin know that the BTCs I desposit are mine!? All it does is give me britcoin's wallet address. So once I pay the btcs into the wallet how will they know they came from me and are associated with my account?

I want to use their website, it's just my computer is a bit crappy and it took me a while to build up that one BTC lol so don't wanna lose it into an account which prolly has thousands.

Any explanation help would be much appreciated!
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teesee
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June 24, 2011, 12:41:05 PM
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They probably have a unique sender ID for every account...

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June 24, 2011, 12:52:00 PM
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its ok but i think minimum withdrawal is 0.5 BTC

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felix913
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June 24, 2011, 05:26:21 PM
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Well what a fucking surprised it ate my bloody bitcoins. I don't know why I bothered I knew it would. There is no way of linking the payment with my account so obviously it would can't believe I am so dumb to think it would by magic.

https://britcoin.co.uk/?page=deposit

That is the webpage you get. So basically all you get is a website with his wallet address ... you give him your BTCs he has no idea they are from you so he prolly just changes them into $$$ and goes out and spends them.

DO NOT USE BRITCOIN SCAM SITE.

what annoys me most is he is one of those pricks that goes on about making BTCs accessible for the massives. He does this by making a really crap website with no explanation as to how YOUR DEPOSITS will be linked to YOU.
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June 24, 2011, 05:31:03 PM
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Well what a fucking surprised it ate my bloody bitcoins. I don't know why I bothered I knew it would. There is no way of linking the payment with my account so obviously it would can't believe I am so dumb to think it would by magic.

https://britcoin.co.uk/?page=deposit

That is the webpage you get. So basically all you get is a website with his wallet address ... you give him your BTCs he has no idea they are from you so he prolly just changes them into $$$ and goes out and spends them.

DO NOT USE BRITCOIN SCAM SITE.

what annoys me most is he is one of those pricks that goes on about making BTCs accessible for the massives. He does this by making a really crap website with no explanation as to how YOUR DEPOSITS will be linked to YOU.

the address is unique to your account.
when did you deposit the coins?

It says on the site
Quote
It takes 6 confirmations before funds are added to your account.
so if you just deposited them then you may need to wait for the 6 blocks.

I've used britcoin before and had no issues.
bitebitebite
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June 24, 2011, 06:45:06 PM
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 OP... surely you waited for confirmations before such a slanderous post?

 If not, what a clown
willphase
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June 24, 2011, 07:57:56 PM
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takes 6 blocks and then another 10 minutes or so.  Britcoin have been very very reliable, haven't had any problems with them at all.

Did the address change immediately you sent the money? If so - it worked.

Will

spruce
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June 24, 2011, 08:04:44 PM
 #8

I want to deposit some BTC on britcoin. The only problem is how does britcoin know that the BTCs I desposit are mine!? All it does is give me britcoin's wallet address. So once I pay the btcs into the wallet how will they know they came from me and are associated with my account?


I have an account at Britcoin. I just checked my deposit address and it is unique, i.e. it hasn't appeared already on block explorer.

So how are things now, felix913? Is your deposit safe and credited to the correct account?

Paul
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June 24, 2011, 09:25:05 PM
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No response from the OP probably means that the BTC have turned up now.  Wink
willphase
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June 24, 2011, 09:42:08 PM
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Well what a fucking surprised it ate my bloody bitcoins. I don't know why I bothered I knew it would.

Someone is...


Will

jasonstx
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June 24, 2011, 10:15:54 PM
 #11

I think its an issue with instant gratification.
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