October 30, 2017

Cryptocurrency Transactions


When it comes to any sort of transactions involving cryptocurrencies, many experts and specialists say that it is important to be patient. Sometimes, after you finish your transaction, it tends not to show up in the Exchange and many people were worried about it. The best thing to do is just wait because waiting is completely normal. Since this is still a new technology, it might happen that it takes some time to complete the transactions. This goes especially if you are sending cryptocurrencies between two exchanges.



Once someone sends a transaction, it will take some time to process it. In order to receive any data, the account has to be credited which involves all sorts of confirmations in order to give one transaction a valid status. It can happen that the transactions are going slower than usual. Most of the time, this means that there is a high volume of transactions on a single blockchain which is normal. In any case, you can always write a support ticket to the exchange. Where you will include all the available information on the transaction.

Waiting is normal and the more transactions you exchange, the more time it takes. You can find some additional information about it at this link. It can happen that your transaction gets rejected and that is normal too. The good thing is that you will get a confirmation that your transaction is waiting or receiving as well as when it is delivered. It happens that you get a confirmation that your transaction is delivered but it does not show it yet. This is normal too, just give it some time.

Check the status of your transactions

Every activity you make, get noted. All exchanges you send should keep you posted on the status. There are three phases of transaction status, pending, delivered and waiting for confirmation. If you pay a visit to a public ledger, you will be able to check the status of your transaction and find out if it has been added to the ledger. Usually, you can do this by checking the number of your transaction which you get every time you send a transaction.


If you are into Ether transactions, if you pay a visit to this link right here. You will be able to put in your TX number and check the status. The tricky thing is that sometimes, there can come to a lag between two exchanges. One might be delivered while the other is still not showing yet.

Do not worry, as this is normal too. So, one way or the other, your transactions will get delivered all you have to do is arm yourself with a lot of waiting time and hope for the best. You can find some comfort in the fact that this technology is absolutely protected. And there is no way for hackers to break in. In case that you need a quick guide to cryptocurrency terms, feel free to click here for it.

Robert N. Gonzalez