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Author Topic: Can we still say that BTC transactions are faster?  (Read 3957 times)
crairezx20
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June 22, 2016, 03:36:34 PM
 #121

Bitcoin transactions were truly faster compared to any other sources that are being used by various people according to their own convenience. Within a short time transaction happens as a unconfirmed form but confirmation takes place in a short or too.
I think paypal still fast in transaction if you compare the speed of the transaction bitcoin transaction it takes 10 minutes before you receive.. unless if you are in the same company wallet you can receive the bitcoin fast.
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June 22, 2016, 03:46:58 PM
 #122

Nowadays the transactions of bitcoin are taking much longer time which sometimes become irritating when you need money urgently, and on bitpay while paying for a service it will be a problem, because bitpay wait only for 15 minutes for the first confirmation.
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June 22, 2016, 03:59:06 PM
 #123

Nowadays the transactions of bitcoin are taking much longer time which sometimes become irritating when you need money urgently, and on bitpay while paying for a service it will be a problem, because bitpay wait only for 15 minutes for the first confirmation.
it's called bottleneck when there's so many unconfirmed transaction but the block only 1mb

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June 22, 2016, 04:01:38 PM
 #124

I think paypal still fast in transaction if you compare the speed of the transaction bitcoin transaction it takes 10 minutes before you receive..
Wrong. Transactions take 1-3 sections usually. Confirmations take 10 minutes on average.

Nowadays the transactions of bitcoin are taking much longer time which sometimes become irritating when you need money urgently, and on bitpay while paying for a service it will be a problem, because bitpay wait only for 15 minutes for the first confirmation.
Then stop being cheap and include the recommended fee.

it's called bottleneck when there's so many unconfirmed transaction but the block only 1mb
Even if the block size limit was 1 GB it can't be helped. Certain entities would bloat the blockchain with spam occasionally.

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June 22, 2016, 04:02:36 PM
 #125

Nowadays the transactions of bitcoin are taking much longer time which sometimes become irritating when you need money urgently, and on bitpay while paying for a service it will be a problem, because bitpay wait only for 15 minutes for the first confirmation.

I believe bitpay is ok with zero confirmation transaction, at least last time I used bitpay it was this case. So 15 minutes to create transaction is enough.

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