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Just bought 400 euro of bitcoin on binance but

  • 29-05-2021 12:10am
    #1
    Registered Users Posts: 1,109 ✭✭✭ Minime2.5
    Registered User


    The funds haven't reached my binance account even though they have left my bank account. Whats going on here? Will the funds arrive in my account at the price i bought them at ?


Comments

  • Registered Users Posts: 14,306 ✭✭✭✭ jimmycrackcorm
    Registered User


    Minime2.5 wrote:
    The funds haven't reached my binance account even though they have left my bank account. Whats going on here? Will the funds arrive in my account at the price i bought them at ?

    How long since you did it? Bank transfers can take a couple of days.


  • Registered Users Posts: 403 ✭✭ Ish66
    Registered User


    One born every minute......:confused:


  • Registered Users Posts: 2,538 ✭✭✭ con747
    Registered User


    Ish66 wrote: »
    One born every minute......:confused:

    No, Irish banks can take a full working day and more to process payments to some accounts. Sepa payments should take seconds but our banks are Irish, enough said. Also it is the weekend so it could be Monday before it hits an account.


  • Registered Users Posts: 23 SauNewb
    Registered User


    Been a while since I used Binance.

    Card transactions process (or did a year ago) instantly.
    Bitcoin transactions aren't reflected until 6 confirmations (6 blocks need to be mined I think). It takes 30-45 mins.

    Even if you transfer from Binance to Coinbase it takes 30-45 mins.

    I'd be worried after an hour.


  • Registered Users Posts: 15,547 ✭✭✭✭ fritzelly
    Registered User


    How did you transfer the funds?


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  • Registered Users Posts: 1,109 ✭✭✭ Minime2.5
    Registered User


    fritzelly wrote: »
    How did you transfer the funds?

    with my debit card


  • Registered Users Posts: 1,109 ✭✭✭ Minime2.5
    Registered User


    Ish66 wrote: »
    One born every minute......:confused:

    Can you elaborate please?


  • Registered Users Posts: 3,669 ✭✭✭ 0ph0rce0
    Registered User


    Check to see if you actually bought the bitcoin. By any chance did you create a limit order. It seems to usually default to that type of order for me when I go to the coin exchange. Could be pending until it hits the price.

    If you used a card it should go through straight away


  • Registered Users Posts: 2,122 ✭✭✭ c montgomery
    Registered User


    Minime2.5 wrote: »
    Can you elaborate please?

    I think it relates to the bitcoin purchase.

    He has essentially swapped a currency that is accepted everywhere for a digital currency that is virtually useless as a method of payment.

    People only buy bitcoin because they think it will increase in price, it may continue to trend up but its going to fall hard IMO.


  • Registered Users Posts: 352 ✭✭ AtticusFinch86
    Registered User


    It's a bank transaction. It will take a couple of days. Minimum 1 to 2 working days as it's a transfer to a UK (I think) account.

    If you want instantaneous transfer, set yourself up on revolut and use that.


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  • Registered Users Posts: 1,109 ✭✭✭ Minime2.5
    Registered User


    Panic over. The funds are back in my bank account


  • Registered Users Posts: 1,109 ✭✭✭ Minime2.5
    Registered User


    I think it relates to the bitcoin purchase.

    He has essentially swapped a currency that is accepted everywhere for a digital currency that is virtually useless as a method of payment.

    People only buy bitcoin because they think it will increase in price, it may continue to trend up but its going to fall hard IMO.

    In his and your opinion so I have to ask why bother being involved in the crypto forum?


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