Silk Road forums

Discussion => Newbie discussion => Topic started by: Llama Socks on April 27, 2013, 05:54 pm

Title: How long is a deposit supposed to take?
Post by: Llama Socks on April 27, 2013, 05:54 pm
Made a deposit a couple of minutes ago and it isn't showing up yet. How long do they usually take?
Title: Re: How long is a deposit supposed to take?
Post by: android465764E on April 27, 2013, 05:56 pm
Can take anything from a few minutes to a few hours. Just be patient, and don't wear out the refresh button. lol ;)


I assume you *are* talking about a btc deposit into your SR wallet?
Title: Re: How long is a deposit supposed to take?
Post by: Llama Socks on April 27, 2013, 06:13 pm
That's okay then, just gave me a sweat when it didn't come straight through. Yeah, I used a mix send feature for a bit more anonymity do you think that would slow it up?
Title: Re: How long is a deposit supposed to take?
Post by: android465764E on April 27, 2013, 08:07 pm
Yeah probably.
Title: Re: How long is a deposit supposed to take?
Post by: I_hate_scammers on April 27, 2013, 09:38 pm
Made a deposit a couple of minutes ago and it isn't showing up yet. How long do they usually take?

What kind of deposit?

A cash deposit to somewhere like BitInstant? Within 1-2 hours or less.

A bitcoin transfer? Could take around 1 hour or more, depending on network traffic. You can enter the btc address you transferred the coins to into blockchain.info and it will tell you the status of the transaction and how many confirmations it's got. When you hit 6 confirmations, it should be complete.

I've had transfers take over 2 hours when the network is very busy.

Did you pay the 0.0005 btc processing fee? It's not required but it does give you priority in processing (or so I'm told). It still takes a good 45 min to a hour with that.

EDIT: That's on average. I have had to wait overnight for a transfer to complete, but that's more rare.
Title: Re: How long is a deposit supposed to take?
Post by: scout on April 27, 2013, 09:42 pm
I've had transfers take 24+ hours.  Sometimes things are delayed and moving slowly.  As long as it shows up on blockchain, you will eventually receive it.
Title: Re: How long is a deposit supposed to take?
Post by: Llama Socks on April 29, 2013, 01:03 pm
Got it in an hour or two but the price of btc dropped so now I haven't got enough for what I wanted, ha. Hopefully SR being down doesn't cause it to drop lower.
Title: Re: How long is a deposit supposed to take?
Post by: I_hate_scammers on April 30, 2013, 03:57 am
Got it in an hour or two but the price of btc dropped so now I haven't got enough for what I wanted, ha. Hopefully SR being down doesn't cause it to drop lower.

ALWAYS buy more btc than you need. That's the first rule of buying on SR. The prices fluctuate so much, that the price of the item you want to buy will change price in the time it takes for you to transfer the coins to your SR account. I always try for $10-20 more (you don't have to overestimate a lot, btc prices rarely rise more than a few dollars in that short of a timeframe).
Title: Re: How long is a deposit supposed to take?
Post by: kyzersoze on April 30, 2013, 04:44 am
Where are you guys buying your bitcoins?  I've got a little less than 1 BTC from some bitcoin mining I've been doing but I'd like to throw 3 or 4 more coins on top of that to have available.
Title: Re: How long is a deposit supposed to take?
Post by: I_hate_scammers on April 30, 2013, 06:17 am
Where are you guys buying your bitcoins?  I've got a little less than 1 BTC from some bitcoin mining I've been doing but I'd like to throw 3 or 4 more coins on top of that to have available.

BitInstant to emaill

or

BitInstant to MtGox  --- I'm trying to stay away from Gox more, but it's unavoidable if btc is very volatile .

I'm going to start looking for another way. There is no local option in my area.
Title: Re: How long is a deposit supposed to take?
Post by: Llama Socks on April 30, 2013, 01:10 pm
I got mine on local bitcoin. Deposited the money in to the guys bank account and he released the coins from escrow a few minutes later when it showed up.