Understanding Blockchain Transactions
Blockchain transactions are irreversible and immutable. Once a transaction is confirmed, it cannot be undone or altered. This fundamental feature ensures security and integrity within the blockchain ecosystem.
Transaction Verification
Coinme verifies transactions through the following steps:
Initiation: The transaction is initiated by the user.
Broadcasting: The transaction is broadcasted to the network.
Confirmation: The transaction is confirmed by network nodes (miners).
Common Transaction Issues and Resolutions
Causes: Network congestion or low transaction fees.
Resolution: Wait for network confirmation. If excessively delayed, contact support.
2. Failed Transactions
Causes: Insufficient funds, incorrect recipient address, or network issues.
Resolution: Verify the details and retry. Contact support if the issue persists.
3. Double-Spending Attempts
Explanation: Attempting to spend the same cryptocurrency twice.
Resolution: Transactions are rejected. Ensure unique transactions each time.
Avoiding Scams
Verify Addresses: Always double-check recipient addresses before sending.
Secure Wallets: Use strong passwords and two-factor authentication.
Educate Yourself: Stay informed about common scam tactics and how to avoid them.
Additional Support
For more detailed assistance, contact Coinme support through our help center or chat feature at the bottom right of the page.