bitcoin transactions - Slow OR Fast

[Script3d]

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.

if your telling you wanna pay bitcoin on local stores you can just simple put higher fee amount like 20k satoshis which will put the priority to High Which can be confirmed at 1 block

and also you dont need to wait in the store until the transaction is confirmed you can just simply leave if you put higher transaction fee

[HatakeKakashi]

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

Yes bro I also experienced last week transaction is very slow it takes 24-30hrs to confirmed my transactions. I'm very angry on that week because I need to cashout my Bitcoin my payout I want to buy a new cellphone but instead of cellphone I bought new tablet. I'm already change my mind . but from this week the transaction is good very fast it takes 30minutes to 1hr only to confirmed I hope everyday I can experienced a very fast transaction . so can easily to send/receive Bitcoin .

[CyberKuro]

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.

I have never experienced slow transaction through blockchain technology because the fees always adjusted to how much bytes of your transactions. I thought it same as transaction through banks services, but bitcoin transaction doesn't have any restriction to send/receive it worldwide which make it better than any other banks or wire service.

[serjent05]

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.

I am using multibit wallet too, this previous week i let the default fee be implemented in my transaction and it took me 30 min to  more than an hour waiting for the transaction to confirm, but recently i decided to increase the fee to 25k satoshi, and i was surprised that it only took less than 10 min to have 2 confirmation and less than 20 min to be fully confirmed.  So it means we need to pay higher fee to make the transaction confirm faster.

[qiman]

In the past month we had around 8 bitcoin transactions that took nearly 24 hours to confirm so it was very nerve wracking to say the least, but in the end they did finally reach their destination in tact. We are just paying more in miner's fees now to make sure they get transferred in reasonable time.

[Taki]

I have never had any problems with some slow transactions. I mean that wasn't even exist. But last few weeks my campaign started to transfer me money on Tuesdays. Before that they transferred on Saturday, like from Friday to Friday they are counting my posts and money already on the next day. But now they are late for three days.

[gandame]

It is possible, yes. Some of the online stores like eBay are now accepting bitcoin if I'm not wrong. If some stores right now then it is not impossible that in the future all of the stores are going to accept bitcoin, and bitcoin would be the future money that all the people are going to use worldwide. Bitcoin is strong enough to stand alone unlike the other cryptocurrencies here online.

[vasrasus]

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.

True. base on my transactions everything that im doing with bitcoin all went well. The cashout, deposting in some online games , eloading and transmitting money . All of them were normal as I expected so ther is no doubt in everything that bitcoin services gived to me.

[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.

I am using multibit wallet too, this previous week i let the default fee be implemented in my transaction and it took me 30 min to  more than an hour waiting for the transaction to confirm, but recently i decided to increase the fee to 25k satoshi, and i was surprised that it only took less than 10 min to have 2 confirmation and less than 20 min to be fully confirmed.  So it means we need to pay higher fee to make the transaction confirm faster.

I don’t know if the network is less busy now but when I sent a transaction two weeks ago and I used the default fee it took about 14 hours to get a confirmation, I was afraid the transaction could get stuck, fortunately it went through but since then I have learned my lesson.

[ged00u]

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.

If you compare Bitcoin to other currencies, Bitcoin is definitely the fastest currencies because it is created digitally and used on the Internet. However, Bitcoin is not always fast like you think. Sometimes, unusually, when man does not charge the sending fee, transaction can be forever unconfirmed.

[Ayers]

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.

If you compare Bitcoin to other currencies, Bitcoin is definitely the fastest currencies because it is created digitally and used on the Internet. However, Bitcoin is not always fast like you think. Sometimes, unusually, when man does not charge the sending fee, transaction can be forever unconfirmed.

bitcoin is fast compared to fiat but only if you count chargeback time, because fiat is instant but they have the backup of visa and mastercard so they can accept "zero confirmation without probnlem", if you compare it to other altcoin bitcoin is slow, but it has less orphan because of the higher block time

[OrangeII]

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.

If you compare Bitcoin to other currencies, Bitcoin is definitely the fastest currencies because it is created digitally and used on the Internet. However, Bitcoin is not always fast like you think. Sometimes, unusually, when man does not charge the sending fee, transaction can be forever unconfirmed.

maybe you're right. owned bitcoin transaction speed today is very different from the first. Well, this time the speed is somewhat reduced. perhaps it is because more and more users bitcoin. but, I agree with you, that, if you try to compare the transaction which is owned by altcoin, then, possessed bitcoin transaction speed is still faster.

[richardsNY]

bitcoin transaction speed today is very different from the first. Well, this time the speed is somewhat reduced. perhaps it is because more and more users bitcoin.

Bitcoin transactions come through instantly. Not sure why people still mix up transaction speed with the time a transaction needs to get confirmed. The number of users has gone up while the blocks are still capped at 1MB. Pools have to make a decision based on the financial gain. Transactions with the highest fees get included in found blocks, everything else will need to wait for other pools to get picked up.

[Doamader]

We all know that transactions happens instant, the confirmations that are required to get the deposit confirmed at most places does take some minutes to hours to happen. I do know time its money, but as long my trasaction its safe, i can wait some hours to get my coins where i wanna. I believe the most important thing at bitcoin its the huge security it has around.

[darkangel11]

bitcoin transaction speed today is very different from the first. Well, this time the speed is somewhat reduced. perhaps it is because more and more users bitcoin.

Bitcoin transactions come through instantly. Not sure why people still mix up transaction speed with the time a transaction needs to get confirmed. The number of users has gone up while the blocks are still capped at 1MB. Pools have to make a decision based on the financial gain. Transactions with the highest fees get included in found blocks, everything else will need to wait for other pools to get picked up.

Because unconfirmed transaction are not accepted in most places. Your balance gets updated once the transaction gets a certain number of confirmations (usually at least one), until then you can't use the service.
An example here could be bitcoin casinos, where you can play only after your transfer has been confirmed and in many cases also manually accepted by someone and added to your current balance.

[coinplus]

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.

If you compare Bitcoin to other currencies, Bitcoin is definitely the fastest currencies because it is created digitally and used on the Internet. However, Bitcoin is not always fast like you think. Sometimes, unusually, when man does not charge the sending fee, transaction can be forever unconfirmed.

Yes comparing all the features then yes its fastest else paypal you can do with one click transactions but the reversible nature, plus verification and moreover the anonymity is lost since whatever transactions you will do paypal knows and will reflect on your transactions While with bitcoins you are secure and anonymous though recently transactions have been a bit slow comparing to old times.

[richardsNY]

bitcoin transaction speed today is very different from the first. Well, this time the speed is somewhat reduced. perhaps it is because more and more users bitcoin.

Bitcoin transactions come through instantly. Not sure why people still mix up transaction speed with the time a transaction needs to get confirmed. The number of users has gone up while the blocks are still capped at 1MB. Pools have to make a decision based on the financial gain. Transactions with the highest fees get included in found blocks, everything else will need to wait for other pools to get picked up.

Because unconfirmed transaction are not accepted in most places. Your balance gets updated once the transaction gets a certain number of confirmations (usually at least one), until then you can't use the service.
An example here could be bitcoin casinos, where you can play only after your transfer has been confirmed and in many cases also manually accepted by someone and added to your current balance.

I understand what you say, but waiting for a confirmation and transaction speed are still different things. Services requiring you to wait for your transactions to confirm is not a problem of the network but more the services themselves. I mostly send out transactions in small amounts, but the receiver sees the coins show up in his wallet instantly. And yes, in some cases certain services or casinos don't show them in your balance, but the coins are sent by the network, and sit in the wallets of the receiver instantly.

[rapazev]

dude, banks generally needs more than a day to do a transaction. bitcoin is way faster than any bank 
still slow to use on daily needs, but there are services helping with that(xapo debit card for example).

[carlisle1]

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.

of course it is possible for bitcoin to be accepted in local stores by the way when it comes to the confirmations issue as of now just like what other people said we are just on a early stage of adoption with bitcoin so i think after the bitcoin becomes wide spread there will some thing that will be developed to make the transaction more faster since it is on the full adoption .

[shinratensei_]

dude, banks generally needs more than a day to do a a transaction. bitcoin is way faster than any bank 
still slow to use on daily needs, but there are services helping with that(xapo debit card for example).

Totally bullshit, I'm at the middle land and wanna speaking about the fact. If a bank needs a seconds for sending any transaction.
It is a fact, and I'm not defending anyone.