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So, I'm just starting out with bitcoin. I bought a little bit and moved it to my local wallet. Once confirmations started to arrive on that transaction, I moved a part of those bitcoins to a bitsquare wallet.

The amount was deducted ok from my first wallet, and I was able to use the amount in bitsquare for a deposit. But the status of the transmission/transaction is stuck in "sending" for two days. Since the coins i received the status has changed from "receiving" to "received" I'm thinking this one should have changed to "sent" by now. It says "seen by # peers", but nothing about confirmations.

My question then: Is this a problem? Should the status have changed to "sent" along with confirmations? Was there some process I needed to set up before sending?

(More on what I did): I am using MultiBit. After getting my coins with a few confirmations, I clicked "Send", wrote an wallet address from my bitsquare wallet, and clicked send. I read something about transaction fees and my wallet preferences is set to 0.1 mBTC (I wonder if this setting is ok).

Thank you in advance.

NRW
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  • If you're using MultiBit Classic, you might want to consider upgrading to MultiBit HD, because the former is almost 1.5 years old. – Murch Mar 04 '17 at 09:18
  • The file link that was installed on my computer says Multibit HD. Thank you for the suggestion. – NRW Mar 04 '17 at 15:24

1 Answers1

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It's not saying that it's confirmed because it isn't confirmed. See Why is my transaction not getting confirmed and what can I do about it?

Your fee is pretty low at 40 satoshi/byte, so according to this chart, you should be using a fee 2.5x times higher if you want your transaction to confirm within a day.

Community
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Nick ODell
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  • Does that mean it is still going to get confirmed, it is just going to take a long time? How does 0.1 mBTC become 40 satoshi? I thought 0.1 mBTC converted to 1000 satoshi... – NRW Mar 03 '17 at 18:11
  • Most transactions are ~250 bytes, so 0.1mBTC * (1 BTC/1000 mBTC) * (1e8 satoshi/1 BTC) / 250 bytes = 40 satoshi/byte. 0.1 mBTC = 10000 satoshi. – Nick ODell Mar 03 '17 at 18:15
  • OH! For some reason I read satoshi/byte as one name (meaning I thought byte was another name for satoshi here). I had a low fee thinking it was high. Thank you!!! – NRW Mar 03 '17 at 18:19