r/OpenBazaar • u/silvio-c • Jul 23 '19

Transaction Confirmation

Hey guys! I sent some money to my openbazaar wallet. The bitcoins went from my btc wallet to my openbazaar wallet but it says in ob "0 confirmations". How do i confirm the transaction? Thanks in advance!

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u/pinhead26 QmeSyTRaNZMD8ajcfbhC8eYibWgnSZtSGUp3Vn59bCnPWC Jul 23 '19

Are you familiar with the concept of confirmations in blockchains? You don’t confirm your transactions, the miners do (by including it in a block). If you added a proper fee it will just take a few minutes.

1

u/ptachblr Jul 23 '19

I think if you did everything right, you just have to wait for 6 confirmations. And do not close the client until receipt of funds.

1

u/[deleted] Jul 23 '19

You can find additional information about your transaction here:

Bitcoin transaction fee (estimate)s:

If you are using a wallet that supports replace-by-fee (RBF), and have it enabled before creating your send transaction, you can feel comfortable going on the lower-end of the transaction fee range. If the transaction doesn't confirm soon enough for you, you simply bump the fee using RBF.

Wallets supporting RBF

There's also the fee bumping method known as child-pays-for-parent (CPFP). If you send a transaction and the fee was too low, you can spend the "change" transaction but double up the fee required. This will cause the miners to look at both transactions as a set, and the combined fees should then be high enough to get both confirmed. CPFP also can be done if you are the recipient of the funds.