RE: Transaction delayed for hours on buying SBD with bitcoin and misunderstanding on my part ?

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Transaction delayed for hours on buying SBD with bitcoin and misunderstanding on my part ?

in steem •  8 years ago 

Ok, so (i'm new to this btw) when i changed almost 20 SBD for bitcoins the transaction went through in about 60 sec.
What do you mean i used a low miner fee ? I had no option to use any fee anywhere.

steem
8 years ago by

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      ·  8 years ago 

    when you are sending a bitcoin payment (depending on the wallet you use) there is a miner's fee required. If you set that miner's fee to the lowest possible, it could be they would not process your transaction with priority, sometimes taking weeks to get it processes. It sucks I know and you're not the first to get this :)

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        ·  8 years ago 

      I see. Blockchain.info wallet and I saw no miner fee setting anywhere

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          ·  8 years ago 

        on your transaction link there is a

        Fee per byte 120.533 sat/B

        Which is small, compared to the recommended:

        Which fee should I use?
        The fastest and cheapest transaction fee is currently 200 satoshis/byte, shown in green at the top.
        For the median transaction size of 226 bytes, this results in a fee of 45,200 satoshis.

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