Hello been reading on here for a while and finally joined.
I have a small amount of Bitcoin in a Blockchain wallet and they offer a way of getting Ether by exchanging Bitcoin.
I tried to do this a few weeks ago with a small experimental amount (£50/$67 of Bitcoin)... and the transaction 'timed out' and I was refunded my Bitcoin.
Problem was I was refunded around 30% less than I had used to try and exchange.
I contacted Blockchain and they replied saying they would look into it... a day later I received some Bitcoin which amounted to around half of what I had lost in the attempted exchange, but no explanation (despite me asking why it had happened).
What has bugged me is not the loss... it has been made up in the last few weeks LOL... but it's my lack of any understanding as to why the transaction timed out (It wasn't even THAT long before it timed out) and why I didn't get back anywhere near what I had put in (I can understand a charge but not such a massive percentage.)
I can't get any sense out of Blockchain, although I will try again.
What I really want to know is:
- Did I do something massively wrong?
- Or is this usual with Ether?
- Or did I try and exchange too little (it was an experiment so we are only talking £50/$67 of Bitcoin)?
I know no one can say for sure... but there must be someone reading this thinking 'oh yeah typical' or 'that's unusual the fool must have messed it up himself' or 'well yeah it wasn't worth anyone exchanging that little'.
I want to buy some more... but I'm 'scared' to try in case the same thing happens again.
Thank you in advance for reading this and for any replies.