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Author Topic: Noob Bitcoin Question About Transactions  (Read 36 times)
reaper73
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December 22, 2017, 01:16:32 PM
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My noob question:

Yesterday, I converted approx $1500 worth of XMR to BTC via Changelly.

Looking at the transaction page on Blockchain.info I see 5 confirmations with a figure of 0.00973 BTC ($124.64 ish)

Am I correct in thinking that with every confirmation that happens more of the BTC is "released" and hits my wallet?

The $124 worth of BTC *is* showing in my wallet.
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AdolfinWolf
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December 22, 2017, 02:00:07 PM
 #2

My noob question:

Yesterday, I converted approx $1500 worth of XMR to BTC via Changelly.

Looking at the transaction page on Blockchain.info I see 5 confirmations with a figure of 0.00973 BTC ($124.64 ish)

Am I correct in thinking that with every confirmation that happens more of the BTC is "released" and hits my wallet?

The $124 worth of BTC *is* showing in my wallet.


No, that's not how it works. Every confirmation means that there has been another block build onto the block your transaction was confirmed in, -- The more confirmations, the more secure your transaction is against 51% attacks and other mining attacks.


You don't get "more" bitcoin with more confirmations..

Some services do require 1-6 confirmations, before your bitcoin is released. ( due to double spending & other mining attacks)

DannyHamilton
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December 22, 2017, 02:13:49 PM
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I converted approx $1500 worth of XMR to BTC via Changelly.

Contact Changelly.  Sounds like their system has messed up again.

There's a history of complaints about them:
https://www.trustpilot.com/review/changelly.com

Good luck.

reaper73
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December 22, 2017, 04:56:37 PM
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Thanks guys!

I've sent in a support ticket to Changelly to restore the missing funds.

Definitely a problem as I now have 37 confirmations with the same $120-ish amount of BTC.

Thanks for the help.

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