Katherine on July 07, What does it say? May 13, Melvin Newbie Offline Activity: You should be able to see that the transfer has been initiated immediately, from either the buyer or seller perspective. When withdrawing Bitcoins to your wallet, it may take few minutes for signing and relaying the BTC transaction, so please bear with us.
Bitcoin transactions have to be confirmed by the Bitcoin network. When a transaction is made it gets sent into a transaction pool from where it is bundled up into blocks that Bitcoin miners confirm through mining. Blocks get mined on average every ten minutes and only a finite number of transactions can fit into each block.
Sometimes blocks can take much longer or much less time to mine. On rare occasions there can be several hours between successfully mined blocks. This means that the pool of unconfirmed transactions grows larger than what can fit into a single block, making it take a long time for transactions to become confirmed. Once the transaction has been included in a block and has been mined, it has been confirmed once. When the confirmation count of the transaction is 1, the transaction appears in the receiving wallets.
You can read more about confirmations on the Bitcoin wikipedia and you can see the current number of unconfirmed transactions on the Bitcoin network here. You need to know the transaction id TX ID or the receiving wallet address looks like: Use the Bitcoin amount to quickly identify transactions if the receiving address has several transactions incoming.
Use Bitcoin tab on bitcoincharts. You should be able to see that the transfer has been initiated immediately, from either the buyer or seller perspective. It will still be "unconfirmed" though. Unless you have reason to believe that the sender is a computer whiz trying to con you, that stage is good enough. The transfer will be "confirmed" within hours.
At that point, nothing in the world could undo it. Make sure that both your client show the full block chain. The number of blocks the client shows in the bottom right of the window must be or greater.
If that isn't the case you have to wait for the client to finish catch up to date. I trade bitcoin options at https: I play poker at https: Support the bitcoin economy, what do you do? What a "transfer" is for you?. The transaction should completely flood the network within some seconds Remember network latency and finite nature of c. There are 6 blocks per hour on average and the reference implementations will display "confirmed" after the transaction has been buried in 6 blocks.
It's only included in the transaction listing of one block, the subsequent blocks will reference and hence validate the previous one. If you found my comment useful please express your gratitude by doing an action of similar magnitude towards a better society.
Hawkix on July 06, , DamienBlack on July 06, , Houdini on July 06, , I just waited two damn minutes for the reply window to open! This forum is damn sluggish today!