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Counterwallet exchange is not working

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mikerbiker6

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Posts: 117

You can trade assets inside of counterwallet. The LTBc/BTC pair is also available: You can clearly see a sell order of 47 satoshi's. Well that is a nice price so I click it and select how many I want to buy, click buy. Trade is pending and then active: How does the trade(s) (made 2), not complete, the price is the same?

And now I can't even cancel my trades because you need to pay a fee to cancel them, argh!

Posted on August 11, 2014 at 5:43 AM

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• IvanB

  

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  Location: New York

  As Adam has opined on, a feature/flaw of CounterParty is that it operates on the bitcoin blockchain and as such it requires a confirmation for every action to take place. At the present time, this averages out to about 7 minutes, although the target is supposed to be 10 - we can thank over aggressive miners for getting us a 30% faster blocktime, but eventually that should correct itself.

  Anyway, the point is that it takes 7 minutes to place a trade. 7 minutes for a trade to match and take place. 7 minutes to cancel a pending trade, etc. The trading system isn't for the rapid trading.

  Do you still have a trade that didn't match or can't be canceled?

  Posted on August 11, 2014 at 5:52 AM
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• mikerbiker6

  

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  I has been 3 hours since. So getting kind of frustrated.

  @ivanb

  Do you still have a trade that didn't match or can't be canceled?

  Posted on August 11, 2014 at 8:09 AM
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• mikerbiker6

  

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  I found out the problem: I used one zero extra(0.00000047 instead of 0.0000047), so selling buying for 1tenth of the price, ofcourse that won't be filled. :) But it is still strange that my buy orders don't show up in the public 'buy orders'.

  Posted on August 12, 2014 at 3:33 AM
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• devonne

  

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  I think the problem is regular.

  Posted on August 23, 2014 at 2:52 AM
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