Silk Road forums
Discussion => Newbie discussion => Topic started by: kbdisdat on August 01, 2013, 01:02 pm
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how long does this take? it's been 30 minutes, nothing in my account yet, very worried.
it has 5 confirmations also
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It'll get there, usually takes a couple hours. It requires at least 6 confirmations. Getting 5 confirmations in 30 minutes is pretty good, how much fee did you assign to the transfer?
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It's at 7 now.
0.0001 Bitcoin network fee
I didn't even know about this, must be the default. I assume the more you pay the faster it transfers?
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SR waits for 6 confirmations, but has a bit of a delay in processing after that. You should have your BTC at maximum 60min after 6 confirmations. And yes, paying a higher transaction fee will get you confirmations quicker.
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Seven confirmations is enough so it should appear in your account soon. I've heard the higher the fee assigned the faster the confirmations take place (i.e. miners placing priority on those transactions with fees assigned). I haven't done many transactions but it does seem like assigning no fee makes it take much longer than assigning even a small fee.
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Just got it. Cheers guys :)
Time for some COKE :D