Completing a bitcoin transaction

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I sent bitcoin to a company address for investment . Transaction was confirmed. The output to the company address indicates that it has been spent. However, the output to the other address shows output is unspent. Two questions: Does this mean the company has received the payment for the investment? Can l claim the unspent output ?

Mapanza

Posted 2019-07-04T05:43:37.350

Reputation: 1

Answers

1

Does this mean the company has received the payment for the investment?

Yes

Once a transaction has more than about 6 confirmations it is regarded as complete and the money is fully under the control of the recipient

Can l claim the unspent output ?

No and Yes.

If the recipient hadn't yet spent the money you sent them, it is still their money not yours. You no longer have any control over it.

The change returned to you is under your control, you can spend it whenever you want. Your wallet should show this change amount included in your wallet "balance"

RedGrittyBrick

Posted 2019-07-04T05:43:37.350

Reputation: 4 815

What would be the advice when a company you have sent the bitcoin to insists the bitcoins are not in their wallet even though the transaction shows it was completed (Spent)?Mapanza 2019-07-05T14:31:22.403

@Mapanza: The same advice I'd give someone who sent cash (or a Western Union money transfer) to a company who then denied receiving the money. 1) check you sent it to the right address. 2) report theft/fraud to your local police 3) Don't do business with them again.RedGrittyBrick 2019-07-05T18:32:39.043