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Author Topic: Why is My Bitcoin Transaction Pending for So Long? – Bitcoin Fees for Dummies  (Read 1556 times)
x13 (OP)
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June 18, 2016, 01:22:07 PM
 #1

I found this great article about pending Bitcoin transactions. Good to read for beginners.

If you’re reading this post I assume that like many others, you sent a bitcoin transaction and was kind of confused as to why it’s still listed as “unconfirmed” or “pending” after a few hours or so.

I mean Bitcoin transactions are supposed to be instant right?


https://99bitcoins.com/why-bitcoin-transaction-pending-bitcoin-fees/

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June 18, 2016, 07:55:25 PM
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I mean Bitcoin transactions are supposed to be instant right?
They actually are, but 1st confirmation is statistically after 10 minutes (it can be 1 second or 1 hour).
Depends on you if you trust not confirmed transaction. If you getting micropayments, you could take that risk Smiley
longbob72
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June 18, 2016, 08:13:11 PM
 #3

I mean Bitcoin transactions are supposed to be instant right?
They actually are, but 1st confirmation is statistically after 10 minutes (it can be 1 second or 1 hour).
Depends on you if you trust not confirmed transaction. If you getting micropayments, you could take that risk Smiley

Getting the 1st confirmation can take anywhere from 1 second to 1 month depending on the fee you paid and the size of the transaction. Not 10 minutes. Of course you'll have to rebroadcast the transaction a lot to reach 1 month.

                                                                       
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