How does a Bitcoin transaction work?

cris
Posts: 112
Joined: Thu Apr 06, 2017 10:57 am

How does a Bitcoin transaction work?

Wed Apr 19, 2017 7:11 am

Dumb question, I know! But hey, everyone started from the bottom. So don't mock me and help me understand how does a Bitcoin transaction work?
Ray
Posts: 147
Joined: Sat Apr 08, 2017 8:23 am

Re: How does a Bitcoin transaction work?

Thu Apr 20, 2017 6:25 am

A transaction is done by transfer of values b/w BTC wallets that that grows included in the block chain. Bitcoin wallets provide their users a seed or “private key” that is used to confirm transactions, giving a proof that this transaction is permitted by the owner of the wallet. The signature also averts the transaction to be altered by someone when it has been issued. All of the transactions are broadcast b/w users and the occasionally begin to be verified by the system in 10 minutes by a process known as mining.
howard
Posts: 150
Joined: Fri Apr 07, 2017 6:03 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:47 am

When any person have to transfer bitcoin then he had to pay for the exchange.
jamy
Posts: 206
Joined: Mon Apr 10, 2017 10:42 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:49 am

Transaction fee is different depend on cryptocurrencies.
Jed
Posts: 95
Joined: Tue Apr 25, 2017 5:38 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:50 am

It also depend on exchange web each web have its own transaction rates.
joe
Posts: 106
Joined: Thu Apr 06, 2017 10:33 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:50 am

After payment user receive a transaction address which will expire after one transaction
jordi
Posts: 89
Joined: Thu Apr 06, 2017 10:38 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:51 am

For an other transaction you have to pay it again
joseph
Posts: 84
Joined: Thu Apr 06, 2017 7:52 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:51 am

Transaction address is different from primary key.
josh
Posts: 96
Joined: Sat Apr 08, 2017 11:24 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:52 am

It depend on transaction process done in exchange side
jsutee
Posts: 89
Joined: Thu Aug 31, 2017 6:17 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:52 am

Transaction fee pay by the party after which they receive transaction address
Justin
Posts: 89
Joined: Tue Apr 25, 2017 5:39 am

Re: How does a Bitcoin transaction work?

Wed Sep 20, 2017 10:53 am

Bitcoin transactions are more complex than as you might think.
crazy4bitcoin
Posts: 84
Joined: Wed Apr 19, 2017 7:33 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:17 am

You can exchange bitcoin face to face, through Atm, trough bank transaction,
spinxo
Posts: 60
Joined: Wed Apr 26, 2017 8:28 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:18 am

In pakistan u can use easypaisa online transfer.
bitcores
Posts: 96
Joined: Wed Apr 26, 2017 8:29 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:18 am

In bitcoin exchange site you have to pay for bitcoin transaction.
btccherry
Posts: 193
Joined: Wed Apr 26, 2017 8:30 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:18 am

Yes you have to pay for transaction the after payment you will receive transaction address.
gigglynxtg
Posts: 208
Joined: Wed Apr 26, 2017 8:33 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:19 am

Yes the transaction address will expire after each transaction.
mafiabear
Posts: 112
Joined: Wed Apr 26, 2017 8:35 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:19 am

Yes than you have to again pay for new transaction.
moonsul
Posts: 58
Joined: Wed Apr 26, 2017 8:36 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:19 am

On exchange sites you have to exchange tokens with transaction address.
reebrilliant
Posts: 208
Joined: Wed Apr 26, 2017 8:37 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:20 am

 A transaction is transfer of value between Bitcoin wallets that included in the block chain..
bravure
Posts: 190
Joined: Wed Apr 26, 2017 8:39 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:20 am

Which is used to sign transactions and providing a mathematical proof that they have come from the owner of the wallet.
clintrad
Posts: 90
Joined: Wed Apr 26, 2017 8:40 am

Re: How does a Bitcoin transaction work?

Thu Sep 21, 2017 10:20 am

 Bitcoin wallets keep a secret piece of data called a private key , which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet

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