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I am still very new to the world of cryptocurrency but as of a couple of years ago I realized its significance and now I am afraid I have a lot of catching up.
Anyway, what happens if I send Bitcoin, Ether, XRP or Dash from my wallet to Binance and I don't see a deposit, what could be going wrong there? How do I troubleshoot something like that?
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If you don’t see your deposit right after you made the transaction, you should wait a little bit, it shouldn’t take so long to have your transaction/s into the blockchain of x cryptocurrency.
Transactions can take minutes and even hours in order to go through the verification process which is basically a process for the network to make sure your transaction is legit in all possible ways, after such process your transaction is added to a block and thus to the blockchain for good.
However, there are a few cases where a transaction won’t appear:
Make sure you put the right information before making a transaction, if it doesn’t appear just give it a little of time and you’ll be fine, but notice that if you put a wrong address or any other parameter required to make a transaction YOU WONT BE ABLE TO REVERSE/TROUBLESHOOT this event and thus, you will loose your money
pd: Crypto-exchanges like Binance or coinbase, they all have a certain number of verification in order to have your transaction shown. I don’t know how many binance uses, but I think after 4 verifications (BTC) your transaction will appear on your wallet, however, such parameters are different among cryptocurrencies, ripple just takes 1 verification and you’ll be all set to spend your money.
