Difference between revisions of "MyBitcoin"

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m (Criticism: Fix link for block explorer.)
(Criticism: Word choice.)
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==Criticism==
 
==Criticism==
  
Due to MyBitcoin's practice of crediting an account after the transaction appears in just one [[block]], a prudent step might be to [[Block Explorer|manually verify]] confirmation before delivering -- especially if there is no recourse should the payment fail to confirm.
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Due to MyBitcoin's practice of crediting an account after the transaction appears in just one [[block]], a prudent step might be to manually verify confirmation using [[Block Explorer]] before delivering shipment -- especially if there is no recourse should the payment fail to confirm.
  
 
==References==
 
==References==

Revision as of 13:31, 23 February 2011

MyBitcoin is one of the earliest eWallet providers for Bitcoin. See MyBitcoin SCI if you're looking for information on how to use MyBitcoin merchant service.

Bitcoins sent from a MyBitcoin account will not necessarily originate from the same bitcoin addresses that were used to receive the Bitcoins. This property can be utilised to improve anonymity.

Amounts sent to an account on MyBitcoin will be confirmed after just one block and will then show in the balance and can be spent immediately.

Features

  • Address forwarding - Anything earned in your mybitcoin account can be transfered automatically to a desired address.

External links

History

For a period of a day or so beginning 02-17-2011, deposits to the mybitcoin.com eWallet service were not being registered to users' accounts.[1]

Criticism

Due to MyBitcoin's practice of crediting an account after the transaction appears in just one block, a prudent step might be to manually verify confirmation using Block Explorer before delivering shipment -- especially if there is no recourse should the payment fail to confirm.

References