[Triumph]

Has anyone ever had to wait nine hours for a coinbase transaction to get confirmations?

[Optional]

Search for the wallet on blockchain.com and check if the transaction has been confirmed. If so, it is Coinbase holding the transfer for manual approval.

[Triumph]

yes it has received 2 confirmations in 9 hours

[Triumph]

I saw the transaction for a while on my phone app for a while as pending, then it disappeared

[Optional]

yes it has received 2 confirmations in 9 hours

Must have been a low fee. Coinbase probably want more than 2, so at least it's prob not a manual hold.

[Triumph]

Thanks for your help Optional, it now has 4 confirmations but I don't see anything about it in my coinbase wallet

[Optional]

I'd guess 6 needed, but someone else might know the number for sure.

[DontTailMe]

Yeah, if it's not 3, then it's usually 6. But I cannot confirm what it is for Coinbase.

[LLXC]

They used to only require 3.

[Roger T. Bannon]

I had to get six confirms earlier this week. I had to get 18 confirms on Litecoin when they said it takes 12. Coinbase sucks. I hope they go bankrupt soon.

[Mugsy777]

nothing that good could ever happen

[Roger T. Bannon]

They will probably go bankrupt within a few years but not soon. Not soon enough any way.

[Miz]

recently switched to kraken, a little tough to maneuver but at least it aint CB

[themike78]

Fuk coinbase. I bought from them nearly everyday using debit cards. Now all of a sudden I can't use any of my cards to buy anymore. No explanation from them. No customer service. Sent an email 5 days ago with no response so I will close my account now. Horrible business.

[louisvillekid]

Zhit, i'm basically stuck with them. only place that verified my info and allows me to buy. I've been denied from basically all other popular platforms using same credentials as i used to set up coinbase, but every one denies me. I have so many scans of front and back of my DL and ugly selfie pics, as well as scans of my bank debit card, and Citi cc, and my phone number and email with my name and addy , just all floating around in cyber world.

[Triumph]

Coinbase is still the only way for me to deposit anywhere,
the money transfer shops **/** have all blocked me for life
took my money for years then shut me down

[MarkMakers]

I’m approaching hour number 12 waiting for confirmations. I used the “normal fee” when sending from my wallet yet zero confirmations. Does the total amount being sent count at all? Are the miners out for the holidays?

[Sea Turtle]

Same here. 8:47 this morning hit my wallet but no confirms and says no transaction now

[Optional]

I’m approaching hour number 12 waiting for confirmations. I used the “normal fee” when sending from my wallet yet zero confirmations. Does the total amount being sent count at all? Are the miners out for the holidays?

The total amount does not matter at all.

What matters most is the kilobyte size of the transactions. If you have 3 'bundles' of BTC in your wallet of 5btc, 6,btc and 9btc, and then send 20btc, it uses 3 "inputs" to create that transaction and therefore increases the kilobyte size of the transaction mesage.

Larger kilobytes = more processing time to confirm and therefore need a higher gross fee.


If you want to post the Tx ID or link to it from a blockchain explorer we should be able to help you work out if there is an issue.

[Optional]

Same here. 8:47 this morning hit my wallet but no confirms and says no transaction now

A coinbase wallet?

Sounds like they may have quarantined the transfer for a double check possibly.

[DontTailMe]

The total amount does not matter at all.

What matters most is the kilobyte size of the transactions. If you have 3 'bundles' of BTC in your wallet of 5btc, 6,btc and 9btc, and then send 20btc, it uses 3 "inputs" to create that transaction and therefore increases the kilobyte size of the transaction mesage.

Larger kilobytes = more processing time to confirm and therefore need a higher gross fee.


If you want to post the Tx ID or link to it from a blockchain explorer we should be able to help you work out if there is an issue.

Thank you for this explanation. I've always wondered what drove the size but never bothered to look that deeply into it. I just knew that it allegedly wasn't based on the amount of bitcoin, but I also observed that sometimes when I increased the amount the fee changed. This explains why - perhaps the lower amount was served by one bundle, but when I increased the amount, I had to dip into a second one.

So this is kind of beyond our control as well, correct? For example, if I request a $5,000 payout from Sportsbook A, and the bitcoin they send me happens to be comprised of 3 different bundles, then I inherit those bundles too.

[pazim]

Coinbase is still the only way for me to deposit anywhere,
the money transfer shops **/** have all blocked me for life
took my money for years then shut me down

Had same thing happen to me while ago. They actually held my money and I had to call them. They interviewed me like I was a terrorist. Coinbase is way better and I am sure books like it also, because there is no risk of charge back for them.

[Optional]

Thank you for this explanation. I've always wondered what drove the size but never bothered to look that deeply into it. I just knew that it allegedly wasn't based on the amount of bitcoin, but I also observed that sometimes when I increased the amount the fee changed. This explains why - perhaps the lower amount was served by one bundle, but when I increased the amount, I had to dip into a second one.

So this is kind of beyond our control as well, correct? For example, if I request a $5,000 payout from Sportsbook A, and the bitcoin they send me happens to be comprised of 3 different bundles, then I inherit those bundles too.

Mostly out of our control. But if you use an advanced wallet like Electrum you can more easily see what inputs are available and maybe manage it a little bit. Probably not worth worrying a lot about for most people though.

Using a wallet that lets you set your send fee as exactly X btc per kilobyte is enough to avoid being caught out using a low fee when you did not realize it.

Another tip is to watch out for this effect when you send the entire balance of a wallet at one time. If there has been a lot of transactions in it you are likely to have many "dust" bundles, each with just tiny amounts in them. There are ways to clean these up if you want to google it.


When people send to you, the amount is received as a single bundle no matter how many inputs they used at the sender end. 'bundle' is my word to try and simplify the concept btw. There is a proper word for it but it did not come to mind this moment.

[MarkMakers]

The total amount does not matter at all.
What matters most is the kilobyte size of the transactions. If you have 3 'bundles' of BTC in your wallet of 5btc, 6,btc and 9btc, and then send 20btc, it uses 3 "inputs" to create that transaction and therefore increases the kilobyte size of the transaction mesage.Larger kilobytes = more processing time to confirm and therefore need a higher gross fee.If you want to post the Tx ID or link to it from a blockchain explorer we should be able to help you work out if there is an issue.

Thank you for this Opti..
I’ve learn something more from this post alone. And it seems I have lots more to learn. Anyhoo, my transaction was finally confirmed around 2:30am, approximately 18hrs after sending from my wallet. During that time BTC took a dive. The lowest point was at -3.2%. I lost several hundred dollars during those 18hrs. Not mention Coinbase and it’s ridiculous fees. Going forward I may move to an onshore book like Caesars or Fandual once their apps are online in my state. I’m happy that I took the leap and experienced BTC in these past few years but the ever constant price volatility along with the anxiety of keeping large sums of BTC safe in a wallet is more than I signed up for. I’m gonna take some time and educate myself beyond the passive learning I’ve had over the last couple years before trading with such large amounts.

[DontTailMe]

When people send to you, the amount is received as a single bundle no matter how many inputs they used at the sender end.

Thanks. I now see where I went wrong in my previous assumption. Your post and this video helped piece it together. The more inputs + outputs there are in a transaction, the larger its size. But I think you're ultimately correct that it's not really worth worrying about, especially when fees are low as they are right now.

https://www.youtube.com/watch?v=BuUPKC6rFlE

[Arky]

Just a FYI, if you have a Trezor, the latest updates to the Firmware and the Trezor Suite software have brought in Taproot.

Taproot

Taproot represents the first major upgrade to Bitcoin since SegWit was implemented in 2017. It comprises three Bitcoin improvement proposals (BIPs), and will improve Bitcoin's functionality. Taproot improves both privacy and network efficiency, making Bitcoin transactions safer. More complex transactions will be quicker to send, thanks to the fact that with Taproot, the wallet no longer needs to send the often extensive history of transactions which preceded the one being spent.

The update comprises three different BIPs:

Contents
BIP 340 (Schnorr Signatures)
BIP 341 (Taproot)
BIP 342 (Tapscript)
How to add a Taproot account in Trezor Suite

The rest of the article here. Kinda techy.....

So, you can have up to 4 different Bitcoin protocol wallets on a Trezor now.

Legacy (address starts with a "1")
Legacy Segwit (address starts with a "3")
Segwit (or native Segwit - address starts with a "bc1")
Taproot (address starts with a "bc1")

I sent the BTC I had from the native Segwit account in Trezor to a new Taproot account. If it brings privacy and obfuscation, I'm on board. So far I'm finding, unless the address you are sending to starts with a "1", you don't have to worry too much about compatibility between the different protocols....

Trezor is nice because you can send with adjustable fees for quicker results and can even bump the fee after it has been sent...

[Optional]

Just a FYI, if you have a Trezor, the latest updates to the Firmware and the Trezor Suite software have brought in Taproot.



The rest of the article here. Kinda techy.....

So, you can have up to 4 different Bitcoin protocol wallets on a Trezor now.

Legacy (address starts with a "1")
Legacy Segwit (address starts with a "3")
Segwit (or native Segwit - address starts with a "bc1")
Taproot (address starts with a "bc1")

I sent the BTC I had from the native Segwit account in Trezor to a new Taproot account. If it brings privacy and obfuscation, I'm on board. So far I'm finding, unless the address you are sending to starts with a "1", you don't have to worry too much about compatibility between the different protocols....

Trezor is nice because you can send with adjustable fees for quicker results and can even bump the fee after it has been sent...

Does Trezor have an easy solution to move BTC from a Legacy wallet to Segwit or Taproot?

[Arky]

Does Trezor have an easy solution to move BTC from a Legacy wallet to Segwit or Taproot?

I'm not really sure. You just don't see many addresses that start with a "1" (Legacy) anymore.

I know what I would try. You could create four accounts with all four protocols in a Trezor and try to walk it up the ladder..... Legacy-->Legacy Segwit-->(Native) Segwit or Taproot. You would be sending from one of your own accounts to the next in line. Any problems, "cancel" transaction. Might be possible to jump over a protocol or two if you used an exchange as the middle address, I dunno....

I do know I sent from my Trezor Taproot account to an address starting with a "3" (Legacy Segwit) with no problems, in fact, it was fast and cheap - "high" fee was like $.73 and took a couple of minutes .... So, probably the newer protocols are backward compatible with the older ones... Just not sure if the reverse is true...