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kenstu22
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July 01, 2013, 11:17:51 AM
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I bought my first BTC via Bitinstant.  I wanted to get the Coins quickly and without leaving home. I am in the USA.  It ended up that I paid $500 and got $4.85 BTC in my Blockchain wallet after fees and everything.  This was at a time when BTC was valued at about $96.00 at Mt. Gox.

It went through in a day and a half 3 days ago.  But the $500 is still in my bank account.

Does it seem like I paid a fair transaction fee structure, and when should the funds leave my bank?

How do I know when enough confirmations have gone through so that I know the Coins are really mine and good?

Finally--was there a better way to do this?

If I want to buy some LTC now, where should I do that?

Thanks.
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July 01, 2013, 05:12:25 PM
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I bought my first BTC via Bitinstant.  I wanted to get the Coins quickly and without leaving home. I am in the USA.  It ended up that I paid $500 and got $4.85 BTC in my Blockchain wallet after fees and everything.  This was at a time when BTC was valued at about $96.00 at Mt. Gox.

It went through in a day and a half 3 days ago.  But the $500 is still in my bank account.

Does it seem like I paid a fair transaction fee structure, and when should the funds leave my bank?

How do I know when enough confirmations have gone through so that I know the Coins are really mine and good?

Finally--was there a better way to do this?

If I want to buy some LTC now, where should I do that?

Thanks.
I don't have a blockchain wallet myself but If the coins have shoved up in your wallet there and it dosent say unconfirmed or something less then 6 confirms you should be fine and can use the coins to whatever you want. Usually you get those 6 confirms in less then an hour or two after the coins are sent(and they shows up as unconfirmed with 0 confirms in the beginning) so i guess you should have enoth confirms by now.

Bitinstant is a strange company that seems to sometimes delay when transactions go throu to get a more favorable(for them) USD/BTC price i have heard from those that has used them. Options for buing BTC in the USA is kind of limited to so i understand some people use Bitinstant anyway even thou they isen't exactly instant....

But them not drawing the funds but giving you the coins i have never heard of happening before, but i guess they will see there misstake sooner or later and correct it.

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