jadhavrajye
Posts: 2
Joined: Sat Nov 11, 2017 10:12 am

bitcoin transaction not confirmed

Sat Nov 11, 2017 10:26 am

Its has been over 18hrs i did my btc transferred from coinexchange.io to my wallet and still the transaction has not received any confirmation.

I did some research that this can be due to low transaction fee, but coinexchange.io has an default fees of 50k Satoshi for an each btc transaction which cannot be increased or decreased.

Below is the transaction id, if anyone could help me out of this situation it would be a great help.

e7f9e3a8b2c60fca0312a7accb3d7fe028f0ccb284555cae3d27abcf767887f8

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FlyButterfly
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 53
Joined: Thu Nov 09, 2017 4:44 am

Re: bitcoin transaction not confirmed

Sat Nov 11, 2017 11:18 am

You transaction has 150satoshi/byte fee.

While other people are paying 410satoshi/byte fee.

Miners are processing transactions, that have highest fees first. And once they processed all high fees, they will strast picking up transactions with lower fees. As you can see, you are with 150satoshi almost at the end of quote. And new transactions with high fees are still coming. So nobody cares about your transaction and you are not getting any closer to processing.

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jadhavrajye
Posts: 2
Joined: Sat Nov 11, 2017 10:12 am

Re: bitcoin transaction not confirmed

Sat Nov 11, 2017 12:35 pm

Hi,

Thank you for the update..but as i have already said the transaction fee was already set at default rate by the exchange which is not possible to update manually..

is there any way to speed up the process..?...or if the transaction is never confirmed than will get return back in my account from which i had executed the order.


Thanks and regards,
Jadhavrajye

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