Bitcoin Forum
January 17, 2018, 11:01:47 PM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: can you help me make my first transaction?  (Read 431 times)
superkawaii
Member
**
Offline Offline

Activity: 72



View Profile
November 22, 2013, 01:55:08 AM
 #1

hey guys thanks for taking the time to visit my thread <3

i want to make my first ever BTC transfer and but im unfamiliar with something , im transferring from Mt Gox to another exchange the amount is just under 1 btc and these are my options

 1.    Open Transaction (6 Confirmations)

2.      Pay 0.001BTC Fee For Faster Processing (Required for Transactions below 0.01 BTC)


or can i choose neither?

i dont know which is better or worse


1516230107
Hero Member
*
Offline Offline

Posts: 1516230107

View Profile Personal Message (Offline)

Ignore
1516230107
Reply with quote  #2

1516230107
Report to moderator
1516230107
Hero Member
*
Offline Offline

Posts: 1516230107

View Profile Personal Message (Offline)

Ignore
1516230107
Reply with quote  #2

1516230107
Report to moderator
1516230107
Hero Member
*
Offline Offline

Posts: 1516230107

View Profile Personal Message (Offline)

Ignore
1516230107
Reply with quote  #2

1516230107
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516230107
Hero Member
*
Offline Offline

Posts: 1516230107

View Profile Personal Message (Offline)

Ignore
1516230107
Reply with quote  #2

1516230107
Report to moderator
TheButterZone
Legendary
*
Offline Offline

Activity: 2030


Pay with SegWit!


View Profile WWW
November 22, 2013, 10:35:00 AM
 #2

IIRC choosing neither works.

frankenmint
Legendary
*
Offline Offline

Activity: 1078


HoneybadgerOfMoney.com Weed4bitcoin.com


View Profile WWW
November 22, 2013, 11:03:45 AM
 #3

hey guys thanks for taking the time to visit my thread <3

i want to make my first ever BTC transfer and but im unfamiliar with something , im transferring from Mt Gox to another exchange the amount is just under 1 btc and these are my options

 1.    Open Transaction (6 Confirmations)

2.      Pay 0.001BTC Fee For Faster Processing (Required for Transactions below 0.01 BTC)


or can i choose neither?

i dont know which is better or worse




Are you trying to move it into a new exchange like RIGHT NOW???  If you can wait for it, then you could save yourself .001 and stay put for a couple days till your transaction goes through.  Forget about the open transaction issue because you trust GOX to NOT doublespend your coin.  I usually always pay the 001 fee because I'm paranoid that if the network blocks my transaction and sends it bac to GOX, that GOX cannot fund the btc back to my account for some reason or another (wallet server and your old address being a shared wallet at some point. 

superkawaii
Member
**
Offline Offline

Activity: 72



View Profile
November 22, 2013, 07:25:11 PM
 #4

thaanks guys i might as well pay the fee its less than a dollar i was just curious how it all works

Smiley
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!