Thursday, 20 Feb 2020

Why is my coinbase transaction not showing up?

Today, cryptocurrency has become the mainstream market. It all started with Bitcoin when Bitcoin paved the way as a disruptive technology to the long unchanged traditional payment system. At present, there are now 3000+ cryptocurrencies in existence, categorized as Bitcoin, altcoins, and tokens. To start trading in cryptocurrency, you need to select a cryptocurrency wallet and an exchange. All in one solution for this is Coinbase.

Coinbase is basking in the glory of their success for quite some time now. It has become the proud owner of the title ‘Leading online cryptocurrency exchange and wallet’.

Browse through the blog to know why Coinbase is a good choice, how to trade in cryptocurrency with Coinbase and what to do in case the coinbase transaction doesn’t show up. Let’s get started! 

Coinbase – A brief

Headquartered in San Fransisco, Coinbase is a cryptocurrency wallet/exchange that was established in 2012. Coinbase has become the most favorable option because it acts as a wallet, exchange, merchant tools, and developer API. You can trade fiat currencies for digital currencies and vice-versa. Coinbase makes it possible for the exchange of digital currencies through a secured, trusted, and economical platform. Some of its popular features are:

  • Buying and selling of popular digital currencies and monitor them.
  • Storing digital funds in a coinbase vault with time delayed withdrawals for added security.
  • Remain on top of the markets with Coinbase mobile application.

How can you buy digital currency on Coinbase?

Coinbase supports numerous digital currencies. Given below are the steps to buy digital currencies using a web browser and using the iOS & Android apps. 

 

  • Using a Web Browser

 

  • Go to the official website and Sign in if you are a new user.
  • Buy the digital currency of your choice.
  • Enter the amount you would like to buy in either digital currency or your fiat currency.
  • Select the wallet to deposit your funds into.
  • Select your desired payment method.
  • Confirm the order and click ‘Buy’.

 

  • Using the iOS & Android Apps

 

  • Open the navbar; Go to the Menu icon near the top-left of the screen
  • Click ‘Buy’.
  • Select the type of digital currency you wish to buy.
  • Enter the amount you would like to buy in either digital currency or local currency.
  • Select the wallet to deposit your funds. 
  • Select your desired payment method.
  • Confirm the order and click ‘Buy’.

If you make a purchase through your bank account, it might take 4 to 5 days to verify the transactions. Moreover, it takes about 2 to 4 days for the amount to be reflected in your bank account once the sale has been confirmed.

How to check the confirmation of cryptocurrency?

Your wallet will let you view the transaction on a block explorer or provide you with the transaction ID which looks like this: 7a43510802e113b7059851ef0a8a5c3625db37541861dd982f56253b2d5c4ff9 once you have made the transaction.

To check the number of confirmations for a transaction, paste this transaction ID into a block explorer like blockchain.info. Press ‘Enter’ and check for the details about your transaction.

The average confirmation time is 10 minutes.

Why is my Coinbase transaction not showing up?

Roughly, the incoming transactions reflect in the user’s account within a few seconds. It will reflect ‘Pending‘ till there have been enough network confirmations. This depends on the digital currency. 

But in case your Coinbase Transaction is Not Showing up, some of the common reasons could be-

  • You included an insufficient miner fee. This will never confirm the transaction. 
  • If two transactions try to pay out similar coins, one of the either will never be confirmed by the network.
  • Your transaction will not be generated if you are trying to spend the coins that have not been confirmed. 
  • There is a high volume of users sending digital currency globally. 

Nevertheless, wait for the transaction to hit the 24 to 48-hour mark for it to complete and fully confirm.

Concluding Up

Coinbase is one of the best broker exchange platforms available in the crypto sphere. It has successfully evolved as the leader in the crypto exchange arena. If you are facing any sort of issue with your Coinbase transaction, do not worry. Go through this blog to get your answer to ‘Why is my Coinbase transaction not showing up’.