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Author Topic: 24 hour transaction?  (Read 1004 times)
tom117
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November 08, 2011, 01:41:39 AM
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Hey guys I'm a complete noob at bitcoins. I transfered 30 usd to virwox and exchanged it for 7 bitcoins. Now I exchanged those to my wallet, but they still haven't arrived and its been 24 hours. Virwox status says the transaction needs to be checked manually. Is this a normal time to wait or is something wrong cause now there are not bitcoins in virwox and none in my wallet?
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slush
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November 08, 2011, 01:45:56 AM
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Virwox status says the transaction needs to be checked manually.

Then ask Virwox guys. Payment is probably pending there and wasn't sent to Bitcoin network yet.

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Is this a normal time to wait

No, payments on Bitcoin network are almost instant.

tom117
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November 08, 2011, 01:58:03 AM
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Virwox status says the transaction needs to be checked manually.

Then ask Virwox guys. Payment is probably pending there and wasn't sent to Bitcoin network yet.

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Is this a normal time to wait

No, payments on Bitcoin network are almost instant.

Oh that's a relief lol, instant transactions sound a lot better, too bad I only have paypal. I sent them a message for now so hopefully that will clear things up thanks.
paraipan
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November 08, 2011, 02:00:31 AM
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Virwox status says the transaction needs to be checked manually.

Then ask Virwox guys. Payment is probably pending there and wasn't sent to Bitcoin network yet.

Quote
Is this a normal time to wait

No, payments on Bitcoin network are almost instant.

Oh that's a relief lol, instant transactions sound a lot better, too bad I only have paypal. I sent them a message for now so hopefully that will clear things up thanks.

they manually check your first bitcoin transaction, it happened to me too, guess they do it because lots of paypal chargebacks lately

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November 08, 2011, 02:28:27 AM
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Are you sure you have downloaded the complete blockchain? You have to do this after first installing bitcoin before any transactions will show up. It can take an excessively long time. You need to leave your bitcoin client running until it finishes. There are currently 152324 blocks. How many are showing up in your client, in the status bar at the bottom of the window?

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November 08, 2011, 02:39:02 AM
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Are you sure you have downloaded the complete blockchain? You have to do this after first installing bitcoin before any transactions will show up. It can take an excessively long time. You need to leave your bitcoin client running until it finishes. There are currently 152324 blocks. How many are showing up in your client, in the status bar at the bottom of the window?

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Virwox status says the transaction needs to be checked manually.

^ No doubt it wasn't sent to wallet yet.

tom117
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November 08, 2011, 02:43:22 AM
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Are you sure you have downloaded the complete blockchain? You have to do this after first installing bitcoin before any transactions will show up. It can take an excessively long time. You need to leave your bitcoin client running until it finishes. There are currently 152324 blocks. How many are showing up in your client, in the status bar at the bottom of the window?

It says 7 connections 0 transactions and 152325 blocks.
tom117
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November 08, 2011, 08:15:14 PM
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Hey I messaged them and got my bitcoins, its cause im new they said. Anyway they gave me 6.98, on the site they already took commission and said the final purchase is 7 bitcoins. Maybe I misunderstood but any1 else have this happen? Also is there any better places then virwox to get bitcoins on paypal, cause I lost nearly a third of my money through all the commissions.

Oops, never mind handling fee of 0.02, if any1 still knows a better way to get bitcoins with paypal I would appreciate it.
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November 08, 2011, 08:36:20 PM
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The 100 BTC Physical Bitcoin bars from MemoryDealers are considered relatively expensive (esp. compared to MtGox Last price) due to needing to cover shipping, Paypal fees, chargeback risk, etc, but even then, that is sure better than losing a third of your money.

If all you wanted was the digital BTC, MtGox won't charge a fee for redeeming the bar, and it's likely that someone would actually be interested in the bar itself for a few BTC if you didn't want to keep it.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
Sekioh
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November 08, 2011, 08:55:48 PM
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Yeah they took the commission when you converted USD<->BTC, but then WITHDRAWL fee is 0.02 FLAT, so that never goes up even if you did a 10000 btc transaction withdrawl from them. Just like you change the market price for their other currencies, but then if you withdrew paypal they'd take that 0.30cent + 3% whatever fee paypal takes after you hit 'payout'
tom117
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November 08, 2011, 09:18:15 PM
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Yeah they took the commission when you converted USD<->BTC, but then WITHDRAWL fee is 0.02 FLAT, so that never goes up even if you did a 10000 btc transaction withdrawl from them. Just like you change the market price for their other currencies, but then if you withdrew paypal they'd take that 0.30cent + 3% whatever fee paypal takes after you hit 'payout'

Theres more commision then that, it said I have to get usd then switch to linden dollars so thats 5% or something right there, then switch again from linden dollars to btc with more commission and then again the handling fee.
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