Did I pay a fee to transfer from Coinbase to Blockchain?

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ERocks1 wrote:bitkilo wrote:ERocks1 wrote:

Thank you for the quick response.

I am not 100% sure where to find the transaction ID number.

Perhaps this is it - f48b83adaecfbde53ff20f2baabb12c1fc79e3cdeedcd5ab892c0625ff5379c0

If not, please let me know how to find the number. Thank you!!

That's what i needed.

It should confirm today, the fee you added (120 sat/B) is a little on the low side but still enough for it to be mined.

In future check a site like this one to see what the optimal fee should be set at: https://bitcoinfees.21.co/

To speed up this transaction i will add it to the viabtc tx accelerator for you.

Edit: Looks like Fremont beat me to it, thanks mate.

Thanks for all the help, the money has gone through. Big relief, what a useful forum!

I am looking at the link for determining the proper fee amount but it is a little confusing for a noob like me. Are there any general rules of thumb for using a slightly...

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Please let me clarify.

the fees listed below are current as of the date of this post.

Fees for sending bitcoin

We don't charge a fee to send bitcoin out from your bitcoin wallet on any amount over 0.0001 BTC.
(Sending over 0.0001 bitcoin is free) The TX fee paid to the bitcoin miners is paid for you by Coinbase

If you send less than 0.0001 BTC, then there will be a mandatory TX fee added to pay the bitcoin miners. We won't pay the bitcoin TX fee when you send less than 0.0001 BTC.

Sending bitcoin from one Coinbase wallet to another Coinbase wallet is always free (no fee) no matter how little bitcoin you send.

There is no fee for receiving bitcoin.

Fees for sending and receiving fiat currency (USD, EUR, CAD, etc) to your Coinbase account.

Fee's for buying/selling bitcoin -- converting fiat currency to bitcoin

1%
There maybe a minimum fee of up to...

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Bitcoin and ether exchange startup Coinbase is planning to shift the cost of certain kinds of transaction fees to users later this month.

In a new blog post, the startup cited its subsidization of so-called 'on-chain' transaction fees, noting that it has long paid the cost the network requires to confirm these transfers.

Yet, Coinbase said that this policy has now "become a significant cost" and that fees will shift to users looking to send network transactions over the bitcoin and ethereum blockchains beginning 21st March.

Transactions on-site between users will continue to be provided at no cost, the startup added.

Instead, fee amounts will be given when a user is preparing to issue a transaction, according to the firm.

Coinbase product manager Ankur Nandwani wrote in the blog post:

"Fees will be assigned dynamically based on the current network conditions and will be paid by customers when they send an on-chain transaction."

The...

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The popularity of bitcoin is gaining more and more, and Coinbase is a very popular and trusted website to initially purchase bitcoin. Once purchased many people like to move their bitcoins to their Blockchain wallet, one of the most secure wallets available.

The first step is to generate a ‘Receive‘ bitcoin address from your Blockchain wallet. Then once that is copied you simply paste the bitcoin address into the ‘Send‘ field in Coinbase.

Then enter the amount of bitcoin that you wish to transfer and enter a short description to remind you of the purpose of the transaction, i.e. moving bitcoin from Coinbase to Blockchain.

And that is pretty much it.

You can view all these steps in this video:
https://www.youtube.com/watch?v=IWhNzn4hb6Q

Thanks for visiting my blog and watching my videos!

If you like, I would invite you to find out how you can start and own your own online business. I have some solid recommendations that you can review...

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Online Bitcoin wallets–also called web wallets–are wallets that run in your web browser just like any other website.

Surprisingly, the web wallet options are slim compared to the options for iPhone or Android.

At this time, there are is only one Bitcoin web wallet worth using.

Heads Up!

Large amounts of bitcoins should not be stored on your online wallet! If you want the most secure Bitcoin wallet then you will need to use a hardware wallet like the Ledger Nano S.

You should always do research before downloading or installing any Bitcoin wallet. Many wallets are malware and will just steal your bitcoins once you fund the wallet.

Because web wallets run in your browser, they can be more prone to cyber attacks.

GreenAddress takes this issue seriously and has implemented some neat features to help prevent basic online attacks.

GreenAddress is a “multi-signature” wallet. This means GreenAddress shares control of your...

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The latest versions of our wallet now use a dynamic fee structure (which you can read about here) to determine appropriate fees for your transactions, so some of the information in this post no longer applies.

If you have a pending transaction that is taking an abnormally long time to confirm, it may be due to network congestion. To find out more about how network congestion can affect your transaction, check out this article in our Support Center.

This is a Blockchain Quick Bit, where we cover the basics of a topic, or product, to help you understand it better. This Quick Bit is intended to help you learn about bitcoin transaction fees. Bitcoin transaction fees are one of the many benefits for consumers and merchants to utilize bitcoin, and is an attractive aspect of the digital currency. Currently bitcoin transaction fees can average to around .04 cents USD (or 0.0001 BTC) per transaction.

Bitcoin transactions are in place as an incentive to miners when...

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki:

How to buy bitcoins worldwide
Buying Reddit Gold with bitcoin

Will I earn money by mining bitcoin?

Security guide for beginners - (WIP)

Community guidelines

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person...
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It is evident something has to be done about the rising bitcoin network transaction fees. Coinbase, a popular exchange and wallet service provider, acknowledges this problem. In fact, the company will no longer pay transaction fees for on-chain transfers come March 21st. The company has paid these fees since its inception, yet the costs have become far too high to sustain this business model.

It is not surprising to learn exchanges will no longer pay network transaction fees. Most exchanges stopped doing so a while ago, yet Coinbase was one of the few companies still supporting this business model. The company does so to support the growth of the bitcoin network as a whole. However, with over 6 million active users, paying these fees is no longer a sustainable business model for Coinbase. When costs outweigh the benefits, it is due time to make some changes.

Coinbase will no longer pay on-chain transaction fees as of March 21. This means the change will go into effect...

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If you’re reading this post I assume that like many others, you sent a bitcoin transaction and was kind of confused as to why it’s still listed as “unconfirmed” or “pending” after a few hours or so.

I mean Bitcoin transactions are supposed to be instant right?

In this post I want to try and explain in a very basic way how a Bitcoin transaction works and why the fee that you attach to each transaction has a crucial role in how long it will take the transaction to go through the network.

Here’s what happens when you send Bitcoins to someone

Whenever you send someone Bitcoins, the transaction goes through different computers running the Bitcoin protocol around the world that make sure the transaction is valid. Once the transaction is verified it then “waits” inside the Mempool (i.e. in some sort of a “limbo” state).

It’s basically waiting to be picked up by a Bitcoin miner and entered into a block of transaction on the Blockchain. Until it is picked...

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The Bitcoin ecosystem evolves. Coinbase, with six million users the largest exchange platform in the US, reacts to the emerging fee market and does no longer pay the transaction fee for its customers. Off-chain transactions, from Coinbase account to Coinbase account, however, are still free.

Besides some minor updates in its so-called “Spring Cleaning” Coinbase also adjusts its wallets to the emerging fee market. The online wallet and exchange, which serves more than six million customers, explains in a blog post:

Network transaction fees: We will discontinue paying network transaction fees for on-chain transactions starting March 21, 2017. Network transaction fees do not go to Coinbase; they go to the miners of the Bitcoin and Ethereum networks. Since our inception, we have been paying network fees on behalf of our customers to help support the growth of the bitcoin and ethereum networks. We now have over six million users worldwide, and this has become a...

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Bank of Tokyo-Mitsubishi has partnered Coinbase, a US-based Bitcoin exchange operator, to develop a secure, low-cost system to transfer funds using blockchain technology.

The banking unit of Mitsubishi UFJ Financial Group will invest several hundred million YEN (100 million YEN equals USD 993,200) in Coinbase. Other investors in the San Francisco-based startup include the New York Stock Exchange and Banco Bilbao Vizcaya Argentaria of Spain.

The partnership enables Japanese people to convert Bitcoins into cash through their BTMU bank accounts. Low-cost fund transfers are one service that is likely to emerge from the deal, according to asia.nikkei.com. Wiring money internationally currently costs several thousand YEN per transaction, but blockchain-based money transfers are expected to be a lot cheaper.

The majority of Coinbase’s customers are operating mainly in the US and Europe. Partnering with BTMU, Japan's largest bank with 40 million accounts in its home...

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As soon as a device becomes unregistered from Coinbase, it seems to cause a cascade of other devices also complaining and asking or a code. If you're using certain mail providers, Coinbase emails don't even make it to your spam box - they're blocked at the server level. Folks should take care to use a known, white-listed service to ensure you don't lose access to your email resets, or you have to go through a very painful process to restore it. You have to register an entirely new account and follow up with a request for verification. This is all well and good for security's sake, but takes too long.

It can be done much more professionally and quickly if there were secure features to restore device connectivity and access, such as a backup or two step verification with a mobile. This would save days and days, even weeks of lock-out, from what is YOUR...

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How to Open Bitcoin account ? If that’s what you’re here for, then you’ve landed exactly where you should have. It’s the elementary step you’re required to take before you can venture out there in the Bitcoin arena.

Considering this is the first time you’re ever going to open a Bitcoin account, it’s of utmost importance for us to make sure that you get your hands on the best possible accounts.

Because if your first step is taken in the wrong direction, the whole journey might prove futile.

So keeping that in mind, I’m enlisting the top 3 platforms which offer a free Bitcoin account, in addition to the maximum level of security and easy user-interface for first-timers.

What is a Bitcoin Account?

Before diving deep into the details of how to open Bitcoin account, I’ll just skid through this question briefly, just to clear some air.

A Bitcoin account is the account which will act as your intermediary for all your Bitcoin...

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Coinbase has announced it will charge users a fee to send both Bitcoin and Ethereum due to what it calls “significant costs.”

In an update about its “spring cleaning” Wednesday, the exchange and wallet provider said it would no longer pay Bitcoin and Ethereum network miner fees from March 21.

The post states:

“We now have over six mln users worldwide, and this has become a significant cost. Fees will be assigned dynamically based on the current network conditions and will be paid by customers when they send an on-chain transaction.”

Coinbase is not the only business changing its practices in response to rising Bitcoin miner fees. Bitpay last week raised its minimum invoice amount from four cents to $1 to counter what CEO Stephen Pair described as an “exponential rise” in fees.

Coinbase’s move goes further, however, by installing the dynamic fees for Ethereum as well as Bitcoin transactions. Despite recent climbs in price and volumes, fees for...

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