Lost BTC with Blockchain

[4Figgy]

So I purchased some BTC the other day. The bank denied the transaction so once I sorted that out I had a 3 day hold on my purchase. Today when the purchase cleared I go to move it from my trading wallet to my default. I hit send to move the purchase and nothing is prompted to which wallet so I assume default. 2 hours later and the BTC is nowhere to be found. Anyone else experience anything like this? I’ve never had any problems up until today. Thanks for any advice here.

 

[Savagesteve]

So I purchased some BTC the other day. The bank denied the transaction so once I sorted that out I had a 3 day hold on my purchase. Today when the purchase cleared I go to move it from my trading wallet to my default. I hit send to move the purchase and nothing is prompted to which wallet so I assume default. 2 hours later and the BTC is nowhere to be found. Anyone else experience anything like this? I’ve never had any problems up until today. Thanks for any advice here.

Double check the BTC address. Pretty sure if it isn’t correct it’s gone for good

 

[kropotkin]

What is your trading wallet.

You sent from your trading to blockchain and lost it, or you sent from a blockchain wallet and lost it.

I've had times when transactions took a couple of hours to complete from exchanges, especially if trading during peak hours. Blockchain usually completes the transaction within 10 minutes tops.

Always take a picture with your phone of the wallet address and confirm it twice. I read it forward and backward comparing phone and wallet address.

Once lost there's no way to get your money back. That's often why I'll break up my transactions into smaller amounts just in case until all my money is moved for trading.

 

[4Figgy]

What is your trading wallet.

You sent from your trading to blockchain and lost it, or you sent from a blockchain wallet and lost it.

I've had times when transactions took a couple of hours to complete from exchanges, especially if trading during peak hours. Blockchain usually completes the transaction within 10 minutes tops.

Always take a picture with your phone of the wallet address and confirm it twice. I read it forward and backward comparing phone and wallet address.

Once lost there's no way to get your money back. That's often why I'll break up my transactions into smaller amounts just in case until all my money is moved for trading.

The trading wallet must be some kind of holding wallet. That was the first time I’ve had a 3 day hold on a purchase.

The trading wallet only gave me an option to move it to one of my wallets (Default I assumed). I hit “send” expecting it to give me an option to choose and it didn’t. It said it would be a 1 hour transaction time.

Thankfully I woke up to the transaction actually going through. I was thrown off because I never got to pick which wallet to move it to, and it never showed up on the transaction history for any wallet. Guess they must have some high traffic causing delays.

 

[Demondosage]

Fuck crypto. Tried it twice in the past, never again!!

 

[Savagesteve]

The trading wallet must be some kind of holding wallet. That was the first time I’ve had a 3 day hold on a purchase.

The trading wallet only gave me an option to move it to one of my wallets (Default I assumed). I hit “send” expecting it to give me an option to choose and it didn’t. It said it would be a 1 hour transaction time.

Thankfully I woke up to the transaction actually going through. I was thrown off because I never got to pick which wallet to move it to, and it never showed up on the transaction history for any wallet. Guess they must have some high traffic causing delays.

I’ve had coinbase hold my shit for over a week...

Fuck crypto. Tried it twice in the past, never again!!

Crypto is easy af. I prefer it over the weird Walmart employee looking at me like El Chapo every time I had to send money overseas...

 

[MindlessWork]

Lucky you found your coin and as others say note the wallet address by taking a screenshot of the confirmation which is a great idea. Good not to rush through a transaction as entering a wrong addy means it’s lost.

 

[4Figgy]

Lucky you found your coin and as others say note the wallet address by taking a screenshot of the confirmation which is a great idea. Good not to rush through a transaction as entering a wrong addy means it’s lost.

The problem from the beginning was there was no confirmation of the transfer. It had my total that was held, and only had “send” as an option. I hit it, and the btc was gone for the few hours I was checking. Again, chalking it up to heavy traffic and a delayed move between wallets.

 

[MindlessWork]

The problem from the beginning was there was no confirmation of the transfer. It had my total that was held, and only had “send” as an option. I hit it, and the btc was gone for the few hours I was checking. Again, chalking it up to heavy traffic and a delayed move between wallets.

Yes that sounds messed up and I agree there should been a confirmation as to what wallet it was sending to when you hit send.

 

[Maktub]

How often you guys get asked to be verified id on block chain ? Any one ?

 

[Uncle Ted]

How often you guys get asked to be verified id on block chain ? Any one ?

Exchanges are regulated so they are asking for ID and photos, these days they're even taking screen shots of your face for transactions.

Blockchain wallet doesn't ask for any form of ID, not even your phone number if you're only using it as a wallet, but if you're buying then you run into the same trouble of having to ID yourself.

There are few ways of getting around this ID problem, this is why we suggest at least a couple jumping off points before you use crypto to transact and if you're really into hiding your transaction using Monero. You still need new wallets for every transaction so you don't have a long record of transactions in one place.

Using a bank account that isn't attached to any other transactions except crypto and one you only deposit cash(never use a check) will allow you to close out these accounts to hide your trail as the years go by. You don't want to buy crypto with your family account, it will be there on your statement. Sort of like the reason to use PO Box for shipments as you close them out and move onto other locations so you don't have a long history.

 

[MindlessWork]

Exchanges are regulated so they are asking for ID and photos, these days they're even taking screen shots of your face for transactions.

Blockchain wallet doesn't ask for any form of ID, not even your phone number if you're only using it as a wallet, but if you're buying then you run into the same trouble of having to ID yourself.

There are few ways of getting around this ID problem, this is why we suggest at least a couple jumping off points before you use crypto to transact and if you're really into hiding your transaction using Monero. You still need new wallets for every transaction so you don't have a long record of transactions in one place.

Using a bank account that isn't attached to any other transactions except crypto and one you only deposit cash(never use a check) will allow you to close out these accounts to hide your trail as the years go by. You don't want to buy crypto with your family account, it will be there on your statement. Sort of like the reason to use PO Box for shipments as you close them out and move onto other locations so you don't have a long history.

Some exchanges will let you pay with a prepaid card. Just load enough money to it to complete the transaction. Load the card with cash at a store rather than with your bank account.

 

[Uncle Ted]

Some exchanges will let you pay with a prepaid card. Just load enough money to it to complete the transaction. Load the card with cash at a store rather than with your bank account.

Yeah I've looked at a site that offers those services, I do remember they were a little pricey.

 

[MindlessWork]

Yes even BTC ATM's charge outrageous fees, but worth it if you want to deposit cash directly to your favorite source's wallet in order to pay for an order. A few months back I deposited $300 to my wallet and fees were $28.

Yeah I've looked at a site that offers those services, I do remember they were a little pricey.

 

[Maktub]

Exchanges are regulated so they are asking for ID and photos, these days they're even taking screen shots of your face for transactions.

Blockchain wallet doesn't ask for any form of ID, not even your phone number if you're only using it as a wallet, but if you're buying then you run into the same trouble of having to ID yourself.

There are few ways of getting around this ID problem, this is why we suggest at least a couple jumping off points before you use crypto to transact and if you're really into hiding your transaction using Monero. You still need new wallets for every transaction so you don't have a long record of transactions in one place.

Using a bank account that isn't attached to any other transactions except crypto and one you only deposit cash(never use a check) will allow you to close out these accounts to hide your trail as the years go by. You don't want to buy crypto with your family account, it will be there on your statement. Sort of like the reason to use PO Box for shipments as you close them out and move onto other locations so you don't have a long history.

Wtf !! What a great explanation. Thanks brother all clear now.