bitcoin transactions - Slow OR Fast

[Siyas]

Many confirm the same. I am waiting to experience it. Will probably confirm you after i make few transactions. Almost all give positive feedback on the transactions. Fees are not charges i suppose. Right? No tax, well protected and secured. Good to be part of this community.

[lol3c]

If you want bitcoin transactions to be faster then you must do something to increase the number of bitcoin users and then bitcoin will be more valuable. As a result, more local shops would start accepting bitcoin and maybe this problem would be solve.

[Jeremycoin]

It is painfully slow, 50-60 minutes no block situation is usually happening, i prefer 1 min block altcoins

so true though the transaction is instant, confirmation takes  too long.  Merchants are  not  relying only on the sent transaction but it needs to be confirmed to close the transaction.  it is very annoying to  get the 1st confirmation because it really takes too long then the merchants need at least 2 confirmation making it double the headache.  This should be addressed and solved or bitcoin  will be forgotten and replace by much faster altcoin someday.

Yep, 1 confirmation takes long, if they adopt 0 confirmation payment, there will be double spend attack and fork issues.

That right there is one instance where having an account with a trusted online wallet is better than keeping your Bitcoins in a local wallet. If your Bitcoin are in a trusted online wallet, when you make a payment, the wallet company can check your account and lock down the payment amount, it can then instantly confirm with the processor that the Bitcoin is definitely on its way. So no need to wait for confirmations at all, it's a 0 confirmation payment without the risk of double spend attack. The purchases that I make from my Coinbase account through BitPay are all instantaneous, 0 confirmation payments  

This is actually a good idea, but I'm not sure that everyone would be willing to use Online Wallet because as we know some people don't agree with the way we use a Bitcoin wallet with having control of the private key.
And anyway this method will break the anonymity of Bitcoin, even tho using Bitcoin in real life itself has endanger our privacy.

[choppork]

There isn't that much of a problem with bitcoin transactions at normal times. It only takes a minute or two before you can receive or send bitcoins. It's actually the fastest one that we can use right now. Using bank services and the money remittance is far more slower because you have to travel first before you can send or receive money. Paypal might be good as well but it's very likely for you to get scammed when you use Paypal.

[OrangeII]

now I think bitcoin transaction capability is reduced. in this case the bitcoin transaction to be slower than before, whether it was at the time of shipment or at the time of confirmation. I think bitcoin transactions in the previous year still faster. I think this was due to the increasingly popular bitcoin

[Yerm]

the transaction speed highely depends on the fee you include with the tx. its not fair to say "bitcoin transactions" are slow in general if you include a really tiny fee.

[darklus123]

As expected that  bitcoin process would really be a problem in shopping. That it is why a lot of experts are trying to build up new parties for processing options because as do other countries already did this then we surely can also make it.

[virusasog]

As expected that  bitcoin process would really be a problem in shopping. That it is why a lot of experts are trying to build up new parties for processing options because as do other countries already did this then we surely can also make it.

Process the bitcoin for a payment means you just needs to add the high fees to get transaction completed very fast. So fees only specifies the transaction as fast or slow. So always define your urgency and pay the fees for your transaction.

[barbara44]

For me it is really fast and accurate when I wanted to withdraw my money through my bitcoin wallet I can easily withdraw it to my bank partner and use it if I want it. Bitcoin transaction for me is really fast. 

Of course, it is fast and accurate, consider if you were to make the payment through banks, that may take you almost hours if not days if the amount you are sending is very large. Whether bitcoin transaction takes fifteen or thirty minutes it is still very fast when compared with payment through fiats.

[ekoice]

Yes confirmation time for Bitcoin transactions is slow. Its also a major issue for merchants not willing to accept bitcoin.It has to be solved by any means.

[kryptqnick]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

Well, transactions don't take that long. Judging from my experience I can say that it takes about a minute. Yes, it is still too long for customers to wait but isn't it possible to make some receits shops will give as a guarantee? I think we could figure out something. I would be happy if it was possible to use bitcoin in supermarkets.

[Doamader]

This issue has a solution thats the debit card of bitcoin, that will make the transaction to be done instant, if we do wait to bitcoin became instant confirmations we will die before that happens for sure, the most of the bitcoins are being used online soo i do believe each one of us can wait those transactions get confirmed, sure would be great if were faster.

[abel1337]

For me bitcoin transactions now is a bit faster than before. The tramsaction will appear in blockchain a few seconds after you withdrawn your bitcoins from a site and take a couple of minutes confirming it. Few months ago bitcoin confirmation has a problem. My transaction almost take 12 hours for 2 confirmation inly thats why for me bitcoin transactions now is a bit faster than before

[knightkon]

I do not think that transaction speeds are the issue here.  Confirmations may be a small issue for they are slow, but once the transaction is in due, it seems that the seller will receive their funds once it is confirmed.  It is hard to see how someone will try to get by that, but I am sure they will try!!

[shinratensei_]

I do not think that transaction speeds are the issue here.  Confirmations may be a small issue for they are slow, but once the transaction is in due, it seems that the seller will receive their funds once it is confirmed.  It is hard to see how someone will try to get by that, but I am sure they will try!!

That's right, all of the transaction in the world is same. and correct, the confirmation in bitcoin are been an issue in bitcoin and that's the main reason for the transaction of bitcoin. I guess this is will get resolved by the lighting project and the transaction of bitcoin will be fastest in the future.

[genos]

The network is really congested lately. Again right now 14000+ unconfirmed transactions:
https://blockchain.info/unconfirmed-transactions

It's becoming really really annoying to wait for these BTC transactions to get confirmed god knows when.

Slow or fast bitcoin transaction is depend on the traffic, if there are so many people mske a transaction in the same time it will make transaction confirmation slower. You right it just anoying. I think bitcoin transaction is still slow, I hope the wallet developer can help to fix this problem. I ever wait until 24 hour just to complet one transaction.

[Tanic]

The only transaction I have made with bitcoin is transferring my coins from one wallet to another. And yes, in some cases I should wait pretty long time to money appear on the wallet where I transferred and that long waiting made me worry a little. But when I cash out my bitcoins on my card this transactions always happen immediately. So if bitcoin be popular payment in stores I think they created something to people don't wait at all.

[mirakal]

It not stable for now, I have been waiting for my bitcoin for almost 4 hours and still it is unconfirmed in the blockchain, I hope this problem will not happen most of the time and although this happens I am quite positive that this is due to massive demand of bitcoin.

[wintermeasures]

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
 Can transactions be seeded up to save customers time or any other way to use bitcoin  at local stores.

Yes Bro it is Possible And I Will Be Happy If it Really Happens Then I Don't Want to Exchange My Bitcoins Into Fiat I Can Pay With My Bitcoins Earnings If I Want to Pay For My Shopping.....
But it Not a Big Problem that Someone Has to Wait For the Funds to Be Confirmed.....

[TastyChillySauce00]

It not stable for now, I have been waiting for my bitcoin for almost 4 hours and still it is unconfirmed in the blockchain, I hope this problem will not happen most of the time and although this happens I am quite positive that this is due to massive demand of bitcoin.

that's actually the real struggle here for bitcoin to become a currencies that getting used to shopping in an offline world,no one want to wait for a confirmation,even the merchants enable zero confirmation,then the merchants will have the risk of getting double spend transaction