TaegeukChampionship
Sat Jun 22 2024
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6 answers
1231
What happens if a bitcoin transaction is unconfirmed for a long time?
As a keen observer of the cryptocurrency market, I'm curious about the potential implications of a bitcoin transaction remaining unconfirmed for an extended period. Could you elaborate on the possible scenarios that could arise in such a situation? How does it affect the sender and receiver? Are there any risks involved, such as the loss of funds or increased chances of double-spending? Additionally, what are the typical reasons for a transaction to remain unconfirmed, and what measures can be taken to resolve the issue? Understanding these aspects would greatly enhance my knowledge about the nuances of bitcoin transactions.
KatieAnderson
Sat May 11 2024
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6 answers
1380
Who pays you when you sell Bitcoin?
I'm just curious, who actually pays you when you decide to sell your Bitcoin? Is it an individual buyer? Or is it some sort of exchange platform? I've been hearing about Bitcoin for a while now, but I'm still a bit hazy on the practicalities of it. I mean, when you sell your coins, how does the money actually get to you? Is it a direct transfer? Or does it go through some intermediary? I'd really appreciate it if you could break it down for me, step by step. I'm just trying to get a better understanding of the whole process.
