bitcoin transactions - Slow OR Fast

[asriloni]

in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow  ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos

Sometimes, Bitcoin transactions are slow but there are times that bitcoin transaction in my experience was fat. fast for wallet to wallet, and it depends on wallet you are using i think,

Block size, The delay between blocks for taking your transaction, The input value.
It doesn't depend on your wallet.

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[Ryanteck]

I think for the moment I feel pretty fast bitcoin transactions. but may vary at any time. if the current transaction that I do can take a maximum of 24 hours. fast enough in my opinion.

[mirakal]

I think for the moment I feel pretty fast bitcoin transactions. but may vary at any time. if the current transaction that I do can take a maximum of 24 hours. fast enough in my opinion.

As long as it will not take days to transact, what is hours compared to other payment processor and I think we are the fastest and the safest because we are anonymous online and that adds security of being rob, we do not trust our information with others since we are decentralized here.

[johnnyyash]

Well as for me...from my btc transaction made, i can say its fast for me, when transacting....but hoping in the future it will be more faster than this and be widely known and accepted.....

[markyminer]

in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow  ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos

to me the transaction of bitcoin is really too fast but in fact the verification process is really so,  i think that issue must be solve on priority basis other wise it is really effecting the image of bitcoin as if you are going to trade something in bitcoin then you have to waif to hours for verification of transaction and that become a big problem then.

[Babayega31]

in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow  ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos

to me the transaction of bitcoin is really too fast but in fact the verification process is really so,  i think that issue must be solve on priority basis other wise it is really effecting the image of bitcoin as if you are going to trade something in bitcoin then you have to waif to hours for verification of transaction and that become a big problem then.

I really appreciated the bitcoin transaction i did because its so fast specially when cashing it out through my wallet. The transaction only takes less than a minute if your net connection is stable and fast. I do last transaction loading my mobile # its so fast to send and can be used immediately. I am also planning to do trading altcoins for next month because i heard trading is really nice to do with fast bitcoin transaction as well and will gain good profit.

[jonpande]

No matter whether they are slow or fast. With in a few seconds you make a transaction, you can see that in the chain of transactions waiting to be approved or confirmed. But if we compare with other bank transactions Bitcoin transactions are very fast, we will get a confirmation message within a few minute.

[Skarner21]

I tried to transact or transfer some funds to my safety wallet and few days ago. i experience very fast transaction about 1 minute of transaction can be happen because instead of paying a default fee of 10k-20k sat in electrum i change it to 60k sat and the transaction base in my experience is minute because i just monitor if hows the speed right now because many updates happen with bitcoin..

[Shenzou]

the thing that i like most about bitcoin is that its transaction is faster than real money , real money takes more that 5 hours probably a day to send money but with bitcoin it only takes a few minutes to send and reserve money

[zombie007]

in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow  ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos

bitcoin transaction is ok and there is nothing wrong to it, as the problem is in transaction conformation, some time it take a lot of time to conform a transaction, as it also depend on the transaction free if yo pay a little high free as compare to the normal fee then the conformation become comparatively fast to normal transaction. but over all then transaction conformation problem should be solve in priority basis as some time it create a big problem when you are going for shopping and then doing wait for transaction conformation.

[Doamader]

Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.

[shinratensei_]

Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.

Why the delay makes bitcoin become best payment processor? I don't think so. The effective amount was following the statement undelayed and safe. I may think lightning will resolving it in the future.
The confirmation was making for preventing the double spent or zero transaction.
Would it have some problem there, need to be resolved?

[OROBTC]

Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.

Why the delay makes bitcoin become best payment processor? I don't think so. The effective amount was following the statement undelayed and safe. I may think lightning will resolving it in the future.
The confirmation was making for preventing the double spent or zero transaction.
Would it have some problem there, need to be resolved?

Today I had a BTC payment (received) that was termed "Very High" priority (blockchain.info) and with a $0.15 fee that took over two hours to confirm even though SEVEN blocks were found after receipt.

There certainly are hard-to-figure-out things in Bitcoinistan™ still out there.  "More wrinkles than you can shake a stick at"

[kiklo]

Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.

LOL, 

Actually no it does not, you really have to wait ~week or so before you can be certain a BTC transaction can't be erased.
China has over 51% mining capacity, if they wanted they could overwrite the last 10 hours or so, and no one could stop them,
(it would take them ~ 1 day to do it and everyone would know, but technically they could do it.)
And it would not be the 1st time the BTC blockchain has been overwritten by someone with more than 51% hash rate.
https://bitcoinmagazine.com/articles/bitcoin-network-shaken-by-blockchain-fork-1363144448


 

[raja2sumi]

Well in case of bitcoins .bitcoins transaction are slow ,when u compare them with credit card transaction .well u cant just compare them both , they are both different in different ways .kudoos

[ufaiz50]

Well in case of bitcoins .bitcoins transaction are slow ,when u compare them with credit card transaction .well u cant just compare them both , they are both different in different ways .kudoos

yes, if compared with credit card, bitcoin transaction is slow since fee bitcoin in each provider wallet it's a different . sometime also not wearing fee transaction

[croutonhexagon]

As compared to  online transaction bitcoin is far far faster as it doesn't require any opt configuration and other security factors it simply require to open app and tap send that it. But online transaction in banking system is too slow and irritating.

[carlerha]

in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow  ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos

bitcoin transaction is ok and there is nothing wrong to it, as the problem is in transaction conformation, some time it take a lot of time to conform a transaction, as it also depend on the transaction free if yo pay a little high free as compare to the normal fee then the conformation become comparatively fast to normal transaction. but over all then transaction conformation problem should be solve in priority basis as some time it create a big problem when you are going for shopping and then doing wait for transaction conformation.

yes i am agree with there it is a fact that there is nothing wrong with the transaction speed but the main problem is the conformation fee i think this problem should be solve on priority basis.

[Ziskinberg]

As compared to  online transaction bitcoin is far far faster as it doesn't require any opt configuration and other security factors it simply require to open app and tap send that it. But online transaction in banking system is too slow and irritating.

Because it's simple and we do not need to comply with the government rules stating our real information like a legitimate payment processor does, the thing is we were able to hide our real information and we will not be able to declare our real income and expense so we can do away with the taxation.

[Xester]

Even knowing transactions are made instant, the confirmations takes a while but this makes the bitcoin transactions safe, and its almost impossible to see a transaction that doesnt complete or didnt arrive the right place, the delay into the transaction makes the bitcoins the best payment processor and at the moment the most safe.

Bitcoins Transactions is fast, yes we cannot deny it. but it depends on the network confirmation. The scenario of using bitcoins was the confirmations from block chain. Bitcoin transaction was more secure than using debit or credit card because they dont need more info in bitcoins. Just a wallet address will do.