Questions tagged [transactions]

CharmedFantasy Wed Oct 02 2024 | 5 answers 810

I'm curious to know, can you elaborate on the duration of Changelly transactions? I've heard varying estimates and am interested in understanding the typical timeline from initiating a transaction to its completion. Does the processing time differ depending on the cryptocurrency being exchanged or the amount being traded? And are there any specific factors that might influence the speed of a transaction, such as network congestion or verification processes? It would be helpful to get a clear picture of what to expect when using Changelly for my cryptocurrency exchanges.

SophieJones Tue Oct 01 2024 | 7 answers 1515

What goes on inside a cryptocurrency exchange? I'm curious about the intricacies of how buyers and sellers come together to trade digital assets like Bitcoin and Ethereum. Is it similar to a traditional stock market, or are there unique processes and features that set it apart? What kind of security measures are in place to protect users' funds and transactions from fraud and hacking attempts? And how do exchanges handle the storage and transfer of these cryptocurrencies? I'd love to get a better understanding of the inner workings of a crypto exchange.

RobertJohnson Sun Sep 29 2024 | 7 answers 1706

Can the government actually track Monero transactions, given its reputation for privacy and anonymity? Isn't Monero designed specifically to prevent anyone, including governments, from tracing the origin, destination, or even the amount of a transaction? With its use of ring signatures and stealth addresses, does this cryptocurrency truly offer an impenetrable veil of secrecy? And if so, how does this impact the potential for illegal activities to be carried out using Monero? Or are there still ways for authorities to investigate and uncover illicit activity, despite Monero's privacy features?

Maria Sat Sep 28 2024 | 5 answers 986

I understand that many people in Canada are curious about the tax implications of cryptocurrency transactions. So, I have to ask, are crypto transactions tax free in Canada? Is there any guidance from the Canadian government or tax authorities on how to report and pay taxes on crypto transactions? It's important to stay compliant with tax laws, so I'm hoping for some clarity on this issue.

Caterina Fri Sep 27 2024 | 5 answers 818

Could you please elaborate on the capacity of the Bitcoin network in terms of transaction processing? Specifically, how many transactions can it handle per second or within a given timeframe? Is there a limit to the number of transactions that can be processed, and if so, what are the factors that influence this limit? Additionally, are there any plans or initiatives underway to increase the transaction processing capacity of the Bitcoin network?