Coinbase btc deposit pending
Coinbase uses the term "collateral" to specifically refer to a borrower’s BTC funds, equal to the USD value of the loan at the time of loan origination, that Coinbase ‘locks up’ in order to secure the loan. In the event that a monthly payment is missed, Coinbase will sell off just enough of this BTC collateral to repay the missed payment. As for to answer whether there is a way to cancel the payment, if coinbase have yet to process the transaction, then yes, you can cancel the payment. Other than that, BTC Transactions cannot be cancelled unless it is a double spent or you have used next to no fees. I received the BTC in my coinbase account and it states pending as it always does for a little while at first. I handed over the goods assuming that the money would be clear within the hour. I then gave the buyer another thing and he sent another payment to me, its the exact same amount of BTC as the first payment. Again this showed as pending.
Coinbase btc deposit pendingCoinbase Bitcoin Transaction Pending (Why & How to Fix)
It's also why Bitcoin is often described as better for long term investment than day-trading, but it's a trade-off for the added security of the block-chain! But to assure you before that, if you have copy pasted the same address from the blockchain wallet to coinbase withdraw, then you don't have to worry at all. As for to answer whether there is a way to cancel the payment, if coinbase have yet to process the transaction, then yes, you can cancel the payment.
Other than that, BTC Transactions cannot be cancelled unless it is a double spent or you have used next to no fees. Sign up to join this community. The best answers are voted up and rise to the top. Why is my Coinbase transaction pending? Asked 3 years, 4 months ago. Active 3 years, 3 months ago. Viewed 34k times.
Active Oldest Votes. Samuel Deutsch Samuel Deutsch 21 2 2 bronze badges. To answer your question, you need to update your question with the transaction id. Sooner or later it will come. It sometimes takes time to get confirmed depending on the fees you given As for to answer whether there is a way to cancel the payment, if coinbase have yet to process the transaction, then yes, you can cancel the payment.
The Overflow Blog. Podcast A Very Crypto Christmas. Featured on Meta. This sounds like the best payment system in the world! There are a number of reasons your transaction may be unconfirmed.
Each transaction takes the same amount of hash power to confirm, regardless of size. This can create a bottleneck at times of high congestion, where not even small transactions can sneak through. Fluctuating network hash power can influence this, too. When a disequilibrium occurs, prices change to rebalance the network. For example, some recent research uncovered one reason for recurring spikes in network congestion and subsequent spikes in transaction fees.
This was an inadvertent effect of BitMex processing all withdrawals at the same time each day. They have since announced that they will begin batching transactions, which spreads them out across the day and reduces congestion. The lower the fee, the less incentive miners have to verify your transaction. As you saw above in the snapshot of the Mempool, the bulk of pending transactions are green and blue, i. There is little incentive for miners to process these when they could be expending their hash power on more lucrative transactions.
It looks something like this:. This is what an unconfirmed transaction looks like. You can see that it is not included in any block, but is still in the Mempool. If we compare the fee paid for this transaction If you have crypto on Coinbase that you want to withdraw to another wallet or sent to someone else, you may be wondering how long it takes.
If your transaction is stuck, you have a few options. The first - and the most boring - is to simply wait. Even with a very low fee, it is very likely that your transaction will eventually be processed. If you really want to get your transaction through as quickly as possible, two strategies you can use are:. The Replace By Fee method is the simplest and most reliable way of pushing through a stuck transaction.
It involves rebroadcasting the unconfirmed transaction again, but this time with a higher fee. This works as long as the unconfirmed transaction really is unconfirmed, i. This way, the double-spend problem is avoided.
Many wallets such as Electrum allow you to replace a stuck transaction with one with a higher fee. The idea is to create a new transaction B - the child - which uses part of the unconfirmed transaction A - the parent - as an input. This new transaction should have a relatively high fee attached to it. For miners to confirm Transaction B they will also have to include Transaction A into the block. If the fee of Transaction B is high enough to pay for both transactions, miners will prioritize it.
There is a useful guide here if you find yourself needing to push a transaction through using this method. One benefit is that the recipient of a stuck transaction can push it through using the CPFP method, whereas RBF can only be done by the sender. Transaction acceleration is basically a service offered by mining pools, where for a fee they will prioritize your transaction and put it at the top of their mining list.
As the two methods outlined above work just fine, and transaction accelerators rely on trusted third parties, they should only be used as a last resort. Fee calculators can help you find out what to set your transaction fee as.
We have a great fee calculator that uses up to the minute information to determine the optimal fee for your Bitcoin transaction.