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Author Topic: Transfer Coinbase to Spectrocoin: confirmed but not received?  (Read 241 times)
mkln0
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December 06, 2017, 11:42:40 AM
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I attempted a few days ago to make a transfer from my Coinbase account to an account based on Spectrocoin.
On the payment page, I could see two options. One was pointing to a bitcoin:// link, which could not open since I have no software on my pc, the other was via a Spectrocoin account, which I didn't have (with funds)

So I sent the funds from Coinbase using the Accounts > Send interface.
I transferred the funds to the address provided by the Spectrocoin page. On it, there was a timer, which I think was 15 minutes, but the transaction on Coinbase started out as "pending" and remained pending for around 12 hours.

Eventually, the transaction did go through, and Coinbase gives a link that reports its details (though for some reason they are slightly different).
but the address is the same.

However, the person I'm sending the bitcoin to said that they didn't receive the funds. Trusting this person (and I do), it seems the funds are now with Spectrocoin.
I have contacted the Spectrocoin helpdesk as I was considering moving my funds to them from Coinbase, given the recent problems that I've had with the latter. But clearly if this happens again, then how am I supposed to trust either Coinbase or Spectrocoin with my funds?

Am I missing something? Isn't bitcoin supposed to be secure and easy? This was only my second transaction and I feel like everything is way more complicated than the bitcoin evangelists make it appear...

And by the way, I'm from the EU but for some reason, on Spectrocoin:
"Users from Your country are not allowed to submit documents for verification"

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kahc
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December 06, 2017, 12:21:27 PM
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There are well-proved scam accusations against Spectrocoin https://bitcointalk.org/index.php?action=trust;u=317543
,I'm not saying that you got scammed. But be careful using their services.

Do you have the transaction ID? If it shows confirmed, then the issue is on Spectrocoin side.
cr1776
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December 06, 2017, 12:51:26 PM
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I attempted a few days ago to make a transfer from my Coinbase account to an account based on Spectrocoin.
On the payment page, I could see two options. One was pointing to a bitcoin:// link, which could not open since I have no software on my pc, the other was via a Spectrocoin account, which I didn't have (with funds)

So I sent the funds from Coinbase using the Accounts > Send interface.
I transferred the funds to the address provided by the Spectrocoin page. On it, there was a timer, which I think was 15 minutes, but the transaction on Coinbase started out as "pending" and remained pending for around 12 hours.

Eventually, the transaction did go through, and Coinbase gives a link that reports its details (though for some reason they are slightly different).
but the address is the same.

However, the person I'm sending the bitcoin to said that they didn't receive the funds. Trusting this person (and I do), it seems the funds are now with Spectrocoin.
I have contacted the Spectrocoin helpdesk as I was considering moving my funds to them from Coinbase, given the recent problems that I've had with the latter. But clearly if this happens again, then how am I supposed to trust either Coinbase or Spectrocoin with my funds?

Am I missing something? Isn't bitcoin supposed to be secure and easy? This was only my second transaction and I feel like everything is way more complicated than the bitcoin evangelists make it appear...

And by the way, I'm from the EU but for some reason, on Spectrocoin:
"Users from Your country are not allowed to submit documents for verification"



If you have a transaction ID, people will be able to help.  It sounds like Spectrocoin has the coins.  If coinbase.com shows the transaction, then that tells you a lot about Spectrocoin if they say they don't have them.

Bitcoin is easy to use and secure.  If you handed Euros to a random person on the street (Spectrocoin) and then they (possibly) scammed you, would you say the Euro wasn't secure?  Of course not.  Ditto if you gave them to a bank that you hadn't verified they were legit.

In short, don't use online wallets unless you know they are legit and reliable.  Coinbase is pretty much that way and although they do have growing pains, they aren't scammers.  Use Electrum or Bitcoin Core - ONLY from the official web sites of course.






mkln0
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December 06, 2017, 01:48:40 PM
 #4

I attempted a few days ago to make a transfer from my Coinbase account to an account based on Spectrocoin.
On the payment page, I could see two options. One was pointing to a bitcoin:// link, which could not open since I have no software on my pc, the other was via a Spectrocoin account, which I didn't have (with funds)

So I sent the funds from Coinbase using the Accounts > Send interface.
I transferred the funds to the address provided by the Spectrocoin page. On it, there was a timer, which I think was 15 minutes, but the transaction on Coinbase started out as "pending" and remained pending for around 12 hours.

Eventually, the transaction did go through, and Coinbase gives a link that reports its details (though for some reason they are slightly different).
but the address is the same.

However, the person I'm sending the bitcoin to said that they didn't receive the funds. Trusting this person (and I do), it seems the funds are now with Spectrocoin.
I have contacted the Spectrocoin helpdesk as I was considering moving my funds to them from Coinbase, given the recent problems that I've had with the latter. But clearly if this happens again, then how am I supposed to trust either Coinbase or Spectrocoin with my funds?

Am I missing something? Isn't bitcoin supposed to be secure and easy? This was only my second transaction and I feel like everything is way more complicated than the bitcoin evangelists make it appear...

And by the way, I'm from the EU but for some reason, on Spectrocoin:
"Users from Your country are not allowed to submit documents for verification"



If you have a transaction ID, people will be able to help.  It sounds like Spectrocoin has the coins.  If coinbase.com shows the transaction, then that tells you a lot about Spectrocoin if they say they don't have them.

Bitcoin is easy to use and secure.  If you handed Euros to a random person on the street (Spectrocoin) and then they (possibly) scammed you, would you say the Euro wasn't secure?  Of course not.  Ditto if you gave them to a bank that you hadn't verified they were legit.

In short, don't use online wallets unless you know they are legit and reliable.  Coinbase is pretty much that way and although they do have growing pains, they aren't scammers.  Use Electrum or Bitcoin Core - ONLY from the official web sites of course.




but at the same time if I want to buy bitcoin I need to first use some form of online wallet.

and of course, coinbase gives me a link that has the recipient address, but the amounts don't perfectly match what was withdrawn from my coinbase account.

I have contacted the Spectrocoin help desk and I'm hoping they can look into this
kahc
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December 06, 2017, 01:53:58 PM
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Quote
but at the same time if I want to buy bitcoin I need to first use some form of online wallet.

and of course, coinbase gives me a link that has the recipient address, but the amounts don't perfectly match what was withdrawn from my coinbase account.

I have contacted the Spectrocoin help desk and I'm hoping they can look into this

What do you mean by that the amounts don't match?
Have you included the fees in your calculation?
mkln0
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December 06, 2017, 02:46:36 PM
 #6

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but at the same time if I want to buy bitcoin I need to first use some form of online wallet.

and of course, coinbase gives me a link that has the recipient address, but the amounts don't perfectly match what was withdrawn from my coinbase account.

I have contacted the Spectrocoin help desk and I'm hoping they can look into this

What do you mean by that the amounts don't match?
Have you included the fees in your calculation?

on coinbase, I see:
0.00987434 transaction
0.00036913 fees

on blockcypher I see:

0.01004315 amount transacted
0.00036922 fees

and on details, amount "consumed" 0.01041237
kahc
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December 06, 2017, 04:26:19 PM
 #7

on coinbase, I see:
0.00987434 transaction
0.00036913 fees

on blockcypher I see:

0.01004315 amount transacted
0.00036922 fees

and on details, amount "consumed" 0.01041237

Coinbase's fees include the miners fee, sometimes the actual miner's fee is higher than what you paid to Coinbase, like in this case. But it is impossible to say what happend without the transaction ID.
mkln0
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December 07, 2017, 04:03:15 AM
 #8

on coinbase, I see:
0.00987434 transaction
0.00036913 fees

on blockcypher I see:

0.01004315 amount transacted
0.00036922 fees

and on details, amount "consumed" 0.01041237

Coinbase's fees include the miners fee, sometimes the actual miner's fee is higher than what you paid to Coinbase, like in this case. But it is impossible to say what happend without the transaction ID.

this is the transaction link as it appears on coinbase
https://live.blockcypher.com/btc/tx/315e3df5010242bc20528b20bceae5af688375a4751b928afe2d69e8360fb699
kahc
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December 07, 2017, 11:29:12 AM
 #9

on coinbase, I see:
0.00987434 transaction
0.00036913 fees

on blockcypher I see:

0.01004315 amount transacted
0.00036922 fees

and on details, amount "consumed" 0.01041237

Coinbase's fees include the miners fee, sometimes the actual miner's fee is higher than what you paid to Coinbase, like in this case. But it is impossible to say what happend without the transaction ID.

this is the transaction link as it appears on coinbase
https://live.blockcypher.com/btc/tx/315e3df5010242bc20528b20bceae5af688375a4751b928afe2d69e8360fb699


The transaction amount is correct.
Coinbase sent 0.00950521BTC to your address at 1943B1CZfCTKNi23U6WPcHtmm2BDpbsdcs (you paid Coinbase 0.00036913 fees for that)
They also sent 0.00053794BTC to their own change address at 1BJi6nsXs1cRiiyzjkjcmJz33CgWzKc1hZ at the same time, ( so they covered the differences in fees, they actually paid 0.00036922 fees for the whole transaction).
mkln0
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December 07, 2017, 02:00:17 PM
 #10

on coinbase, I see:
0.00987434 transaction
0.00036913 fees

on blockcypher I see:

0.01004315 amount transacted
0.00036922 fees

and on details, amount "consumed" 0.01041237

Coinbase's fees include the miners fee, sometimes the actual miner's fee is higher than what you paid to Coinbase, like in this case. But it is impossible to say what happend without the transaction ID.

this is the transaction link as it appears on coinbase
https://live.blockcypher.com/btc/tx/315e3df5010242bc20528b20bceae5af688375a4751b928afe2d69e8360fb699


The transaction amount is correct.
Coinbase sent 0.00950521BTC to your address at 1943B1CZfCTKNi23U6WPcHtmm2BDpbsdcs (you paid Coinbase 0.00036913 fees for that)
They also sent 0.00053794BTC to their own change address at 1BJi6nsXs1cRiiyzjkjcmJz33CgWzKc1hZ at the same time, ( so they covered the differences in fees, they actually paid 0.00036922 fees for the whole transaction).


ok, so what's missing now is Spectrocoin's reply to my ticket, since the money reached them...
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