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I sent some POSW coins from my coinomi wallet to exchange. One transaction has created 2 outputs however the one which holds 124 coins is showing as "unspent". Why does it gets stuck in block chain ? As per attached image the block itself has many confirmed confirmations. Do I need to contact my wallet provider or exchange in this case ? I have correct receiving address in place and POSW coins are being moved to POSW wallet address.

How long does it takes for coins to be in " Spent" stage. I earlier faced this issue with bitcoin and now it is with POSW coins.

Looking for some support

Thanks Aditya khannaenter image description here

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The transaction is confirmed. The transaction has two inputs (124.32253324 and 0.9187) and one output (125.24113324).

Coins on an output are unspent until another transaction is made using that utxo (unspent transaction output) as the input to fund the new transaction.

As long as you own the address in the output you are fine if you sent the coins to yourself, otherwise, the recipient has received them but not yet spent them.

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  • Hi Willtech when you state "unspent until another transaction is made as to input the fund" what does this actually mean ? – adikhanna Jan 29 '18 at 17:25
  • The address where 125 coins are going is exchange address given to me by exchange. Recipient has received means it is with exchange ? – adikhanna Jan 29 '18 at 17:27
  • @adikhanna Yes, if the address is exactly the address given to you by the exchange, for exactly the same cryptocurrency then yes, the coins are with the exchange. My answer is not quite as you have quoted, but to say further, "unspent until another transaction is made as to input the fund into the supply for a new transaction." i.e. spending the funds. It means the funds are held by the address until they are used. – Willtech Jan 30 '18 at 8:08
  • "unspent until another transaction is made" by you means that my 125 coins UTXO has to be tied with new input for this to reflect in my account ? I am new to this so let me know if what I am saying is correct or not ? How long does exchange usually take to tie this transaction to new input ? Is it done manually ? If you know by any means every exchange has a different ways to deal with UTXO ? – adikhanna Jan 30 '18 at 13:03
  • @adikhanna Once the original transaction is confirmed in a block the funds should be showing in your account. A new transaction would take the funds out again. Please check the output address on the original transaction carefully to ensure that it is precisely correct and contact the exchange for assistance. – Willtech Jan 31 '18 at 7:37

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