I made a deposit to my cash app account with bitcoin last Friday morning. It is still pending after 7 days and confirmations. I have contacted support every day and haven’t received a single response. Incoming transactions show up in your account almost instantly (within a few seconds) but will show as 'Pending' until there have been enough network confirmations. The number of confirmations needed is based on the digital currency. Once a transaction is verified, it will show Complete in green. May 21, · Unlike transactions on the blockchain, bitcoin purchases on exchanges can be pending indefinitely. That is because it is up to the exchange to decide when they are going to accept your payment. The best thing to do with a bitcoin purchase stuck in a pending state is to reach out to the exchange you boguht the bitcoin on and ask them why.
Bitcoin deposit still pendingHow to Fix Pending Bitcoin Transactions ( Updated)
Wirex rewards. Please click the link sent to your email within 1 hour or the transaction will expire. If this happens, the status will change from Pending to Expired. The system is slow. Our system might be experiencing heavy load, but all pending transactions should still be completed within 15 minutes. Something went wrong. If your Send Funds transaction is pending for more than an hour, something might have gone wrong. Please contact our support team for further assistance.
Exchange Exchange transactions are not always instant. Was this article helpful? Yes No. Still need help? Our customer support is here to help. Submit a request to get help from our Support. Each transaction takes the same amount of hash power to confirm, regardless of size. This can create a bottleneck at times of high congestion, where not even small transactions can sneak through.
Fluctuating network hash power can influence this, too. When a disequilibrium occurs, prices change to rebalance the network.
For example, some recent research uncovered one reason for recurring spikes in network congestion and subsequent spikes in transaction fees. This was an inadvertent effect of BitMex processing all withdrawals at the same time each day. They have since announced that they will begin batching transactions, which spreads them out across the day and reduces congestion.
The lower the fee, the less incentive miners have to verify your transaction. As you saw above in the snapshot of the Mempool, the bulk of pending transactions are green and blue, i. There is little incentive for miners to process these when they could be expending their hash power on more lucrative transactions.
It looks something like this:. This is what an unconfirmed transaction looks like. You can see that it is not included in any block, but is still in the Mempool. If we compare the fee paid for this transaction If you have crypto on Coinbase that you want to withdraw to another wallet or sent to someone else, you may be wondering how long it takes. If your transaction is stuck, you have a few options. The first - and the most boring - is to simply wait.
Even with a very low fee, it is very likely that your transaction will eventually be processed. If you really want to get your transaction through as quickly as possible, two strategies you can use are:. The Replace By Fee method is the simplest and most reliable way of pushing through a stuck transaction.
It involves rebroadcasting the unconfirmed transaction again, but this time with a higher fee. This works as long as the unconfirmed transaction really is unconfirmed, i.
This way, the double-spend problem is avoided. Many wallets such as Electrum allow you to replace a stuck transaction with one with a higher fee. The idea is to create a new transaction B - the child - which uses part of the unconfirmed transaction A - the parent - as an input. This new transaction should have a relatively high fee attached to it.
For miners to confirm Transaction B they will also have to include Transaction A into the block. If the fee of Transaction B is high enough to pay for both transactions, miners will prioritize it. There is a useful guide here if you find yourself needing to push a transaction through using this method. One benefit is that the recipient of a stuck transaction can push it through using the CPFP method, whereas RBF can only be done by the sender.
Transaction acceleration is basically a service offered by mining pools, where for a fee they will prioritize your transaction and put it at the top of their mining list. As the two methods outlined above work just fine, and transaction accelerators rely on trusted third parties, they should only be used as a last resort.
Fee calculators can help you find out what to set your transaction fee as. We have a great fee calculator that uses up to the minute information to determine the optimal fee for your Bitcoin transaction.
Most wallet clients and exchanges will automatically examine the blockchain to determine the best fee for your transaction. How long you bitcoin transaction is pending depends on the fee you set when you sent it.