Bitcoin Forum

hi people
im using blockchain and many times i wait 3-7hrs till transaction get confirmed
today thanks to it i missed the store who should have make with me money exchange, i made transaction at 5pm and store closes at 8pm
and till now transaction is not confirmed (4 hrs)
i raised a bit the transaction fee to 1 usd but it didnt help.
and is not first time im loosing something because of its taking too long to confirm.
what wallet will you guys suggest me to use so my transactions move faster? will multibit do it?
thanks

It doesnt matter what wallet you are using because all transactions is going under blockchain services which where the delay happens.If blocks are full then your transaction may take a while but if its free then its faster

Sorry to know your inconvenience. Keep a few things in mind and u r good to go from next time...

1. Never consider your fee in USD. Bitcoin is Bitcoin. No USD/JPY/INR/EUR/CNY here.

2. Use a wallet that shows u Tx size before broadcast. I use https://coinb.in.

3. Check the current market rate of block space @ https://btc.com/stats/unconfirmed-tx.

4. Pay a competitive fee according to your Tx size and U'll get confirmation within one block.

p.s. If you provide your unconfirmed Tx, I may calculate how much u were supposed to pay.

thanks for that info. i've installed multibit but it seems bad for me since it can work only as hardware wallet
i will try that coinb that you mentioned
cheers

If you're using bitcoins and doing small transactions, blockchain is your best bet.
I use it daily and its pretty fast.

I'm pretty sure multibit works without a hardware wallet.  If you want to keep it simple, use blockchain.info (not secure, online wallet).  Different wallets won't affect how long it takes your transaction to confirm, as mentioned above, it is based off of the fee you provide.

confirmation time will depend only of the transaction time

all wallets send coins instantly, if they are synced, then the miners decide if the will confirm it or not

what he forgot to tell you about #4 is how to know how much fee to pay per byte. for that you can see this website which updates based on the current situation: http://bitcoinfees.21.co/

also you can use Electrum which has a dynamic fee calculation which if i am not mistaken takes from the servers and it is based on previous blocks.

blockchain.info is handy, but custom fee needs to be used. Their fee calculation is pretty bad.

I did in #3...

Even if you use other wallet, the confirmation time will still remain the same. I recommend you to continue using blockchain wallet since all transaction will go through blockchain anyway just pay the minimum fee to pay which is 0.0001 BTC no more no less and it will be confirmed in an hour or so. It might be faster depending on blockchain's confirmation speed. Sometimes it takes time but all I can say is be patient.  8)

yeap, I've been using blockchains wallet ever since and never had any problems concerning transaction speed, but as Rahees says, I'm only working with smaller amounts up to 20$. So I'd strongly recommend that one.

Well, I've only used the blockchain.info online wallet, and so far its pretty fast for me :) The maximum transaction time that it took for me to transfer is 1 hour, others I have completed in 30 minutes or even less. So, good enough for me, but I've only used very small amounts so far.

Confirmation depends on protocol, queue and miners. Not on software itself, software only have automatic resonable fee or not.
Thats it, whole wallet software job in transaction speed is setting fee amount.

I guess you will not be able to custom set your transaction fees in blockchain.info wallet otherwise setting 30k or 40k fees may get your 1st confirmation with very next block itself.

Your wallets has nothing to do with your confirmation time. Only your tx fees and block generation frequency.

It's 100% completely not about the wallet. Stop using blockchain.info because they're pieces of shit and will steal/lose your bitcoins but there is no faster wallet in terms of getting a transaction confirmed.

If they have a dynamic fee you need to choose a higher satoshi/byte ratio. Right now over 100 should get you confirmed in (worse case) a few blocks. It totally depends how many transactions there are for that block though. It sounds like your fee was below what would have normally been recommended so that's why it was slower to confirm.

You wait cuz you probabbly put low fees..
Don't do that lol

If you accidentally sent a transaction with too low a fee and it is unconfirmed you can use a free service to resubmit your transaction with priority in the next block. The original transaction must have been sent with at least a .0001 fee and not have any unconfirmed inputs - https://www.viabtc.com/tools/txaccelerator/

Coinbase allows you to either use their wallet to send without any tx fees or you can even put in your own amount that you want to attach with the send that you are about to do.

Doesn't matter the wallet you use, if you don't set the recommended fees, it will take too much time to finish. I use Blockchain.info, and my transactions confirm in about 10 minutes max. That is because I choose the fee recommended by wallet when ordering a transaction.

If you want faster transactions, you must do it, must spend more money in fees...

i think all wallet has the same speed because it is just depends on how much transaction fee you put so that your transaction will be on high priority, But based on my observation, If the both user have same wallet and they are going to transfer funds, It will take just a second to become successful the transaction. I recommend blockchain if you want a secure wallet addy but if you want a no transaction fee wallet, Just go for the coins.ph. Goodluck

for me, i only use mycelium and multibit, i think its work properly with me and for fastest confirmation, i think its depend on the network. all of the wallet is the same and nothing we can do if the network is overload. just be patient when we see the confirmation is on the way.

My recommended wallet will be blockchain and you can also try to use xapo.

yes that's right, it is not depend on the wallet you are using as what he said every transaction are same when it comes to the confirmation times there may be a transaction that has been confirmed faster enough and there will some delayed transaction because it is under the blockchain and there's a lot of transactions going under this service so if you are on queue you need to wait a certain time before your transaction will be processed .

well in this case i think there are no fastest confirmation time all wallet are all the same but for the fact there are little slow down in your transaction it doesn't really that there wouldn't be a confirmation but its still the safest means of transaction     

I would say coinbase. They have allow you to put in how much you want to put in as a miner's fee but that option is not allows available and I don't know why. But when it is there it send very fast. ;D

It is without a doubt the Electrum wallet. Download it from www.electrum.org which is the official website.

Then, go to Tools/Preferences and set the dynamic fees to the maximum of the right which is the max fee available for any transaction you will do and confirmation will be pretty fast if not the fastest this way.

I think for the fastest confirmation wallet is not responsible , it is upto you that how much transaction fees you are giving and apart from that how much traffic jam is their in the blockchain network. for the Last some weeks their is heavy transaction and even the price of bitcoin have gone up so the transaction fees has also raised but still so many users are using the same transaction fees which they used to give when the price of bitcoin was $500, that is why the delay in confirmation is taking place. Bitcoin wallet are not responsible for the delay

There is no wallet with "faster" transaction times as far as i am aware, every wallets needs to go through the same blockchain. the only thing which could make a wallet have faster transaction times is higher fees for your transaction, maybe that is your problem. Sometimes even with high fees you'll have slow transaction times, because the network is overflooded with transactions, I guess this is what happend in your case.

Blockchain.info is the wallet that i use. It is easy and plain simple to understand. AND FAST!

Well for me, I'm using blockchains wallet, transaction speed if different from website to website.

It doesn't matter what wallet you are using because all the transactions goes through Blockchain network and now a days  there is a problem in Blockchain network that transactions are reversing before confirmed and this problem is faced by one of my friend two times So don't worry its a Blockchain network problem.

I have different online wallets ,its not a big feal who has fastest conformation time,as  long as i recieved the bitcoin ,there no problem about it. Sometimes it takes 1 to 2 day, but i dont have any worry.

Wallets don't affect confirmation time, the fee you pay, as well as the backlog of transactions (mempool) affects the confirmation, and to a certain extent your internet (and the nodes you are connected to bandwidth, assuming you are using Bitcoin Core)

But almost entirely speed is mainly affected by how much fee you pay per KB of transaction, the bigger the transaction, the more fee you'll have to pay (excluding the minimum fee to ignore dust transactions).

If you care about confirmation times, get a wallet that allows you to customize your transaction fee, a couple of wallets I know with such a feature are: Electrum, Bitcoin Core, Multi-bit, armory

High security: Armory, Bitcoin-Core, Electrum

Speed (and convenience): Electrum, Multi-bit

Web wallets: Blockchain info wallet also allows customizing fees.

Maybe you can thinking for choose between coinbase and blockchain , if in coinbase they have a free fee for sending btc to any wallet (min send 10.000 satoshis) usually it will take 30 minutes , if you choose blockchain they have fast payment depending on fee you choose.. 

Probably all wallets have the same times for transactions as it depends on fees or the load on network if how much time it will take for a transaction to get confirmed, and i think there are no wallets without any transaction fee but they just don't ask you for it because maybe they decide it themselves and select the recommended fees for your transaction.

From my experience, I have the fastest confirmation time using the recommended transaction fee offered by my wallet that I fully control. When it's a web wallet, sometimes it takes longer because the provider saves transaction costs by making multiple transactions also.

+1 for electrum, but keep in mind this is centralized appraoch.

I use MyCelium and it has it's recommended tx fee built into the transaction when I send it. So there is no guessing around how much to put on the tx to have it sent quickly.
It is by far the quickest wallet that I have used thus far. :)

i think blockchain has the fastest confirming time.

I am using coinbase,it takes very little time for tranjection confirmation.its also free ,,there are no cherge for trajection

No. Its not about the wallet that you are using. Its about the fee that making your transactions really takes a long time to be confirmed. You should put a fee into normal amount and you will see the difference. Because the cbeaper the fee you put in your transactions. The longer the confirmation to complete. The fee is the key to move your btc faster and its not about the bitcoin wallet you are using. You should higher your fees so it will be no hassle.

What wallet do you use does not affect how long confirmation of transactions, all depending on fee you have paid when you make transaction and also by the network, during this i only need 1-2 hours for my transaction get confirmations but sometimes less than 1 hours