how do i make confirmations on blockchain faster

[ranochigo]

To get your transactions confirm faster, try paying a higher fee than the usual amount that your wallet client suggests. By doing so, the network places your transaction into higher priority.

I have been waiting for a particular transaction for close to 3hours now. How do I pay more fees since its on blockchain

You can't. Once you send it, that's done and you can't alter it anymore.

Can't you just doublespend it with a higher fee on the new tx?

Technically, you can. Most nodes don't usually relay or place the transactions into their mempool if the transaction is in their mempool UNLESS the original transaction had opt-in RBF enabled. This makes double spending significantly harder. Miners accepting them into their own mempool is another thing.

[Lauda]

It's seems that at the moment, there's no other way but to pay a premium if you want your transactions to be ahead of the queue.

There is no such thing as 'pay a premium' now. The system has always worked like this. The amount of fees included will determine your priority. All those people that complained about their transactions not confirming have used the wrong fee setting.

I read somewhere that bitcoin is still lagging behind paypal in terms of transaction volume, partly because of how their transaction speed takes place.

A decentralized system is not an efficient system. Everyone should know that. Bitcoin is far behind Paypal and the likes of Visa when it comes to the transaction capacity. This will be improved in the future though.

Can't you just doublespend it with a higher fee on the new tx?

That's not as easy as you think, else people would constantly be doing it. You would have to spend the same input twice, and one would obviously get dropped as soon as one is included into a block.

[BitMaxz]

As my experience in sending and receiving bitcoin default fee is enough you don't need to increase the fee its the same result.. the transaction is always depends in miners if they can confirm it fast or not..
But don't reduce your miners fee to below default because it can reduce the speed of your transaction..
Also i tried  sending bitcoin in the same company like electrum to electrum wallet the speed is fast than sending outside like electrum to coinbase or electrum to xapo.. it takes a long time for me..

[Hirose UK]

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

the only way you can make the confirmation faster is by paying the fee higher, but don't pay too high. anyway how much fee did you pay?

[BitcoinSupremo]

I am using Electrum desktop wallet and it has an automatic feature it already chooses the best dynamic fee for the transaction I am sending, usually the time of 1 confirmation for me by using this wallet is 10-30 minutes maximum, same with Multibit, but I think web wallets should be a problem in this regard, I know XAPO pay their users fee so XAPO transactions take longer, same should be with blockchain.info. Anyway if you stick to Electrum for example you will have relatively very fast transactions in 10-30 minute time 99.99% of the time.

[Lauda]

As my experience in sending and receiving bitcoin default fee is enough you don't need to increase the fee its the same result.. the transaction is always depends in miners if they can confirm it fast or not..

This is wrong. You don't know what you're talking about. The 'default fee' is pointless. The priority of your transaction is dependent on your fee, and not whether "miners can confirm it fast or not)".

But don't reduce your miners fee to below default because it can reduce the speed of your transaction..

No. The transaction speed is the same regardless of the fee included. You are talking about confirmation speed.

Also i tried  sending bitcoin in the same company like electrum to electrum wallet the speed is fast than sending outside like electrum to coinbase or electrum to xapo.. it takes a long time for me..

Nonsense. The same amount of time is required regardless of whether you're sending from Electrum to Electrum, Electrum to Core or whatever. The difference there is that some of those services require multiple confirmations before they update your balance (e.g. Bitstamp requires 3).

[FLoving]

I also have the same problem nowadays, the confirmations are taking much longer time, some people are saying that it is because we pay less fees, but in xapo there is no any option for transaction fee.

[lucsky]

Welcome to the major problem of bitcoin, my friend: the limitation of transactions per second. For more than Blockchain Bitcoin network will prove to be safe, you can not process many transactions per second.

The best solution for your case will be paying higher rates. In theory, the higher the fees are paid, your transaction will have higher priority over the network.

[alyssa85]

In theory, the higher the fees are paid, your transaction will have higher priority over the network.

Priority is based on the age of the inputs and the number of inputs. So if your output is made up of loads of small inputs, and the result is a big kilobyte transaction, you are going to struggle.

People need to enable coin control, and only send the oldest coins. That way their priority increases.

[shinratensei_]

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

the only way you can make the confirmation faster is by paying the fee higher, but don't pay too high. anyway how much fee did you pay?

don't sure with it as long the fees meet the requirement to and not too low,the result will be the same as the transaction will be included in the same blocksize,confirmations is about luckyness i guess

[BossMacko]

IF your bitcoin wallet has the option to add transaction fee. Pay a big transaction Fee and your confirmation will be faster. But some wallet like coins.ph doesnt have that option.

[Lauda]

I also have the same problem nowadays, the confirmations are taking much longer time, some people are saying that it is because we pay less fees, but in xapo there is no any option for transaction fee.

Stop using online wallets or talk to the Xapo support staff and let them know that they're improperly calculating their fees.

In theory, the higher the fees are paid, your transaction will have higher priority over the network.

It is not just in 'theory', that's how the system was designed to work.

Priority is based on the age of the inputs and the number of inputs. So if your output is made up of loads of small inputs, and the result is a big kilobyte transaction, you are going to struggle.

That was the system in place for 'free-transactions' and is pretty much depreciated at the moment. The main thing that matters here is the included 'satoshis/byte' fee ratio in your transaction.

People need to enable coin control, and only send the oldest coins. That way their priority increases.

That won't guarantee anything if your fee is low.

IF your bitcoin wallet has the option to add transaction fee. Pay a big transaction Fee and your confirmation will be faster. But some wallet like coins.ph doesnt have that option.

The don't use a trash-can as your wallet.

[ajun96]

I also have the same problem nowadays, the confirmations are taking much longer time, some people are saying that it is because we pay less fees, but in xapo there is no any option for transaction fee.

I think xapo still provides fee-free because they were doing promotion for the site of their wallets. because basically every transaction will definitely require a fee. and default fee is 0.0001 BTC.
I think the right if you want to speed up the confirmation by adding a fee

[carlisle1]

man you cannot make it faster you just have to wait before it goes to you wallet and maybe there are many confirmations or transactions on the blockchain but if your Transaction has a big amount it can be go to faster the lower your transaction amount the slower it will be .

[LiberOptions]

~If you want faster confirmation times you will need to pay a bigger fee. That way miners will process your transactions with no delay!

[marcuslong]

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

I think you should adjust your fee in the transaction you eant fast i think if you increase your fee.it is fastest than your ltest transaction.
But i dont know how to do that if your using otber site like coinbase haha i didnt know how to adjust so my transaction is not to fast like other sender.

[ning_chang]

I sent with 5mbtc thts enough to make it faster

I think. 5mbtc is equivalent to 500k satoshi. That's why. Confirmation of blockchain is very quickly.

[jtipt]

I sent with 5mbtc thts enough to make it faster

I think. 5mbtc is equivalent to 500k satoshi. That's why. Confirmation of blockchain is very quickly.

I think 0.005 is a little too much for tx fees even with a 0.0005 fees you get a significant faster confirmation, if the input is not high 0.0005 should be sufficient for a faster confirmation.

[crairezx20]

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

I think you should adjust your fee in the transaction you eant fast i think if you increase your fee.it is fastest than your ltest transaction.
But i dont know how to do that if your using otber site like coinbase haha i didnt know how to adjust so my transaction is not to fast like other sender.

Yeah increase the fee can increase the speed or it can change the priority into high priority if you are just paying less the minimum fee it will result medium priority or low priority.. but i think right now transaction right now is fast than before this is like the same as before january..

[Lauda]

I think. 5mbtc is equivalent to 500k satoshi. That's why. Confirmation of blockchain is very quickly.

Flat-fees are not the right answer to this situation.

I think 0.005 is a little too much for tx fees even with a 0.0005 fees you get a significant faster confirmation, if the input is not high 0.0005 should be sufficient for a faster confirmation.

Wrong. Please stop spreading false information. A flat fee is not the right answer. The queue determines priority based on the included satoshis/byte ratio. This means that this flat fee might be enough for transaction A, too much for transaction B, too little for transaction C (due to differentiating sizes).

but i think right now transaction right now is fast than before this is like the same as before january..

Transaction speed has never changed. It has remained constant (near-instant, i.e. 1-3 seconds under reasonable conditions). You're talking about confirmation time.