bitcoin transactions - Slow OR Fast

[abel1337]

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 bitcoin transaction is very slow but i think it's better because ensure it's really you or not .and your approval transaction

Transactions are instant. So. Ya. The @OP worded it incorrectly. Confirmations take time but the transaction itself is instant. Did you know credit cards take day/weeks to confirm transactions? What exactly is a better, faster method than bitcoins? Send an appropriate fee and it'll be confirmed in the next block. If you're too damn cheap then you deserve slower confirmation times.

Correct bitcoin is still faster than most other methods of international transactions like Western union, or banks transfers but I think that most people want of bitcoin very fast transactions especially if we are to move to the mainstream and use it everywhere.

But what the guy said in the first quote makes sense. Will the restaurants, stores want to accept Bitcoins as payment method, even if it takes some time to complete transaction? I think people can feel a bit uncomfortable about it.

Maybe the Bitcoin technology can advance a bit more and find a way to make the transactions faster to be completed, what do you think? Would this be possible?

Right now if you add a nice fee you can get confirmation between 0 and 30 minutes I think if we can reduce that time to something like 0 to 5 minutes then we could make payments in places like restaurants were time may not be as tight like in other circumstances.

thats right , Bitcoin confirmation is quite slow thats why other shops has a reason why not they accepts bitcoin as payments to their shops.They accept bank transactions because bank transaction is a instant transaction . They dont need to wait for a couple of minutes to wait for.confirmation.

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[traderethereum]

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 bitcoin transaction is very slow but i think it's better because ensure it's really you or not .and your approval transaction

Transactions are instant. So. Ya. The @OP worded it incorrectly. Confirmations take time but the transaction itself is instant. Did you know credit cards take day/weeks to confirm transactions? What exactly is a better, faster method than bitcoins? Send an appropriate fee and it'll be confirmed in the next block. If you're too damn cheap then you deserve slower confirmation times.

Correct bitcoin is still faster than most other methods of international transactions like Western union, or banks transfers but I think that most people want of bitcoin very fast transactions especially if we are to move to the mainstream and use it everywhere.

But what the guy said in the first quote makes sense. Will the restaurants, stores want to accept Bitcoins as payment method, even if it takes some time to complete transaction? I think people can feel a bit uncomfortable about it.

Maybe the Bitcoin technology can advance a bit more and find a way to make the transactions faster to be completed, what do you think? Would this be possible?

Right now if you add a nice fee you can get confirmation between 0 and 30 minutes I think if we can reduce that time to something like 0 to 5 minutes then we could make payments in places like restaurants were time may not be as tight like in other circumstances.

thats right , Bitcoin confirmation is quite slow thats why other shops has a reason why not they accepts bitcoin as payments to their shops.They accept bank transactions because bank transaction is a instant transaction . They dont need to wait for a couple of minutes to wait for.confirmation.

yup and i think it is the main problem for the economic businessman because they don't want when they make a transaction, they need to wait to get 1 confirmation in almost 30 minutes or so, but they only want to wait for short time while they can do other transaction and this should be improved to be a good enough when the economic businessman wants to use bitcoin.

[Harlot]

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 bitcoin transaction is very slow but i think it's better because ensure it's really you or not .and your approval transaction

Transactions are instant. So. Ya. The @OP worded it incorrectly. Confirmations take time but the transaction itself is instant. Did you know credit cards take day/weeks to confirm transactions? What exactly is a better, faster method than bitcoins? Send an appropriate fee and it'll be confirmed in the next block. If you're too damn cheap then you deserve slower confirmation times.

Correct bitcoin is still faster than most other methods of international transactions like Western union, or banks transfers but I think that most people want of bitcoin very fast transactions especially if we are to move to the mainstream and use it everywhere.

But what the guy said in the first quote makes sense. Will the restaurants, stores want to accept Bitcoins as payment method, even if it takes some time to complete transaction? I think people can feel a bit uncomfortable about it.

Maybe the Bitcoin technology can advance a bit more and find a way to make the transactions faster to be completed, what do you think? Would this be possible?

Right now if you add a nice fee you can get confirmation between 0 and 30 minutes I think if we can reduce that time to something like 0 to 5 minutes then we could make payments in places like restaurants were time may not be as tight like in other circumstances.

thats right , Bitcoin confirmation is quite slow thats why other shops has a reason why not they accepts bitcoin as payments to their shops.They accept bank transactions because bank transaction is a instant transaction . They dont need to wait for a couple of minutes to wait for.confirmation.

yup and i think it is the main problem for the economic businessman because they don't want when they make a transaction, they need to wait to get 1 confirmation in almost 30 minutes or so, but they only want to wait for short time while they can do other transaction and this should be improved to be a good enough when the economic businessman wants to use bitcoin.

For me it depends on the situation. Like Bitcoin sending/receiving is ideal if you don't need the money urgently like you don't mind the wait. But if you are waiting in line or in a drive thru then it is actually impossible to be efficient using Bitcoin as mode of payment because it is slow and can make problems for the business establishment.

[Positid]

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 bitcoin transaction is very slow but i think it's better because ensure it's really you or not .and your approval transaction

Transactions are instant. So. Ya. The @OP worded it incorrectly. Confirmations take time but the transaction itself is instant. Did you know credit cards take day/weeks to confirm transactions? What exactly is a better, faster method than bitcoins? Send an appropriate fee and it'll be confirmed in the next block. If you're too damn cheap then you deserve slower confirmation times.

Correct bitcoin is still faster than most other methods of international transactions like Western union, or banks transfers but I think that most people want of bitcoin very fast transactions especially if we are to move to the mainstream and use it everywhere.

But what the guy said in the first quote makes sense. Will the restaurants, stores want to accept Bitcoins as payment method, even if it takes some time to complete transaction? I think people can feel a bit uncomfortable about it.

Maybe the Bitcoin technology can advance a bit more and find a way to make the transactions faster to be completed, what do you think? Would this be possible?

Right now if you add a nice fee you can get confirmation between 0 and 30 minutes I think if we can reduce that time to something like 0 to 5 minutes then we could make payments in places like restaurants were time may not be as tight like in other circumstances.

thats right , Bitcoin confirmation is quite slow thats why other shops has a reason why not they accepts bitcoin as payments to their shops.They accept bank transactions because bank transaction is a instant transaction . They dont need to wait for a couple of minutes to wait for.confirmation.

yup and i think it is the main problem for the economic businessman because they don't want when they make a transaction, they need to wait to get 1 confirmation in almost 30 minutes or so, but they only want to wait for short time while they can do other transaction and this should be improved to be a good enough when the economic businessman wants to use bitcoin.

For me it depends on the situation. Like Bitcoin sending/receiving is ideal if you don't need the money urgently like you don't mind the wait. But if you are waiting in line or in a drive thru then it is actually impossible to be efficient using Bitcoin as mode of payment because it is slow and can make problems for the business establishment.

We must adjust because the system is just like that, depends on the situation as when more transactions are to be process then the system is slow. Why are we complaining much about the slow transaction of bitcoin when even in banks it takes 3 days to receive our international fund transfers.

[Ryan Dugan]

I'm very happy with the speed. I dont use so much fpr fees and small amount go quickly bigger amounts with low fees take 20-30 minutes then they fully confirmed. Much better and quicker then banks that is for sure. With them you must sometimes wait toll the next day and then there is the reverse charge issue.

[rajasumi3]

bitcoin transactions are fast but due to  problems in blockchain the transactions have become much slower than before .hope the programmers will make the  necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

[xIIImaL]

bitcoin transactions are fast but due to  problems in blockchain the transactions have become much slower than before .hope the programmers will make the  necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

[hawkins]

bitcoin transactions are fast but due to  problems in blockchain the transactions have become much slower than before .hope the programmers will make the  necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

[JANGKRIK BOSS]

bitcoin transactions are fast but due to  problems in blockchain the transactions have become much slower than before .hope the programmers will make the  necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

[eternalgloom]

bitcoin transactions are fast but due to  problems in blockchain the transactions have become much slower than before .hope the programmers will make the  necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

You can adjust the fee if you're using blockchain, it's under 'Advanced Transaction' when you send your coins.
I don't think it's possible with Coinbase.

Multibit HD and Electrum are pretty good desktop wallets that also allow you to set the fee.

[Cactushrt]

Actually bitcoin transactions it all depends in fees specially in blockchain. Last two weeks i experience very slow transaction maybe i paid low amount of fees but this week bitcoin transactions are instant and fast and sooner ocal stores will accept bitcoins

[brian_23452]

the transaction of bitcoin is very fast compare to other currency this is a transaction you can carry out at your own convenient using your mobile phone but if off late the transaction is not fast as it use to be before now i think they will have to do something about it.

[South Park]

bitcoin transactions are fast but due to  problems in blockchain the transactions have become much slower than before .hope the programmers will make the  necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

In the Multibit Wallet you can change the fee you want a transaction to have, so if you need a fast transaction you can add a bigger fee and if time is not critical to you then you add a small fee, but you need to change the fee in the options or something you cannot do it while you are trying to do a transaction, second I don't have experience with coinbase but in the blockchain wallet I remember you can change the fee too.

[lakisis]

the transaction of bitcoin is very fast compare to other currency this is a transaction you can carry out at your own convenient using your mobile phone but if off late the transaction is not fast as it use to be before now i think they will have to do something about it.

Yeah you are right that bitcoin transaction is very much faster than other currency because bitcoin technology is getting more advance day by day and we can buy everything in few second from anywhere with bitcoin.

[equator]

bitcoin transactions are fast but due to  problems in blockchain the transactions have become much slower than before .hope the programmers will make the  necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

In the Multibit Wallet you can change the fee you want a transaction to have, so if you need a fast transaction you can add a bigger fee and if time is not critical to you then you add a small fee, but you need to change the fee in the options or something you cannot do it while you are trying to do a transaction, second I don't have experience with coinbase but in the blockchain wallet I remember you can change the fee too.

Coinbase is a web wallet and it is free for sending bitcoins without paying any transaction fees, it is paid by coinbase for its customers. Same in Electrum wallet also you have option in preference where you can change the transaction fees according to your convenience like what you said about multibit wallet

[dearbesz1219]

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 there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.

[Positid]

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 there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.

It does not depend on a country because we are transaction in the blockchain only, and it's decentralized so no country interference with the problem of transaction. It will be slow if the demand is huge as more transactions will be happening and that is the only reason.

[Harlot]

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 there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.

It does not depend on a country because we are transaction in the blockchain only, and it's decentralized so no country interference with the problem of transaction. It will be slow if the demand is huge as more transactions will be happening and that is the only reason.

It's possible to be accepted in a local store, and it doesn't really depend on the area but it also depends on the government of the country and also how speedy the transaction is. It can be hard for the store to be accepting Bitcoin because they don't know yet the legality of it in their country. Also they won't be able to easily track all of the transactions if they accept Bitcoin, they would be switching from computers to confirm the sent Bitcoin in order to confirm the order.

[SaShiRaJaVu]

the transaction of bitcoin is very fast compare to other currency this is a transaction you can carry out at your own convenient using your mobile phone but if off late the transaction is not fast as it use to be before now i think they will have to do something about it.

What other currencies are you talking about.If you are talking about other crypto currencies most have faster transaction speed when compared to bitcoin and for quite some time bitcoin transactions are slow its may be i guess the block are stacked and its full or may be we need to input higher transaction fees for faster transactions.

[stomachgrowls]

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 there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.

It does not depend on a country because we are transaction in the blockchain only, and it's decentralized so no country interference with the problem of transaction. It will be slow if the demand is huge as more transactions will be happening and that is the only reason.

It's possible to be accepted in a local store, and it doesn't really depend on the area but it also depends on the government of the country and also how speedy the transaction is. It can be hard for the store to be accepting Bitcoin because they don't know yet the legality of it in their country. Also they won't be able to easily track all of the transactions if they accept Bitcoin, they would be switching from computers to confirm the sent Bitcoin in order to confirm the order.

Its still possible as long the adoption of bitcoin on a particular place is high then you could accept bitcoin anytime and theres no worry about on the transaction duration as long its already transferred into your address it would not be reversed already and its really a good thing since you could already assure that payments will surely go into your wallet.