You need to know the transaction id (TX ID) or the receiving wallet address (looks like: 1JF7RrjBzmVymz3cFeGWA7iVg3y6UXxyg) and the amount of Bitcoins transferred.

To check the status of your Bitcoin transaction You can read more about confirmations on the Bitcoin wikipedia. Your Bitcoin transaction was most likely sent with a fee that's too low or the Bitcoin network might be experiencing congestion, in this case transactions will take much longer to go through.īitcoin transactions have to be confirmed by the Bitcoin network before they are usable from the wallet they are sent to. I've waited 60 minutes and my transaction is still pending, now what? Transactions you send from your LocalBitcoins wallet are sent with a high priority fee to ensure they confirm within approximately 30 minutes (within the next three blocks). Transactions between LocalBitcoins users are instantaneous. If your transaction is taking longer than this, please check that the fee is correct. If all goes well Bitcoin transactions sent with the correct fee take between 10-60 minutes when you are sending Bitcoins to your LocalBitcoins Wallet. Bitcoin deposits smaller than that are not processed and cannot be recovered as they are used to pay the fee. Please note that the minimum you can send to your LocalBitcoins wallet is deposit fee. Once you have your receiving address, you can go to your other Bitcoin wallet and use this address to send Bitcoins to your address.

The expiring time for receiving addresses is 12 months. Your old receiving addresses will eventually expire. Please note that your receiving address changes after each transaction.

To find your receiving address you need to go to visit the Wallet page and click the Receive Bitcoins button.Īt the top of the page you'll find your receiving address. To do that you'll need a account, access to Bitcoins in another Bitcoin wallet and you need to know your receiving address. In order to sell Bitcoins on you'll first need to send some Bitcoins to your LocalBitcoins Wallet. If the seller is trying to scam you, it's easy for you to open a dispute on the trade and our support staff will contact you to ask for proof that you have paid and then give the Bitcoins to you.

When the trade is started, the Bitcoin amount for the trade is taken from the sellers wallet and is held by LocalBitcoins for the entire time of the trade. What happens when I pay, and the seller doesn't give me my Bitcoins? All our online trades are protected with escrow to prevent this from happening. When you search to buy Bitcoins, select All online offers as a payment method and you will see offers for all payment methods and you can choose one that is convenient for you and offers a better price. That is why we recommend for you to get the best price to pay using a hard to reverse payment method, such as Cash Deposit, bank transfers and mobile payments (Like Qiwi in Russia). That is why traders need to have a high price for certain payment methods, to protect themselves against this risk.

This creates risk for the person selling the Bitcoins, as PayPal or a bank can take the money someone paid him out of his account after he has sent away the Bitcoins. Bitcoin transactions are irreversible, most traditional payment methods can be charged back. One of the best features of Bitcoin is that it gives you control over your money, but it's also this feature that makes it very different from traditional money.

Coin tick mac