bitcoin transactions - Slow OR Fast

[KouseiArima]

I think bitcoin transactions have been classified as transactions quickly. The time it takes only 1 minute to 3 hours and would be much longer if there was a slight problem.

[Positid]

I think bitcoin transactions have been classified as transactions quickly. The time it takes only 1 minute to 3 hours and would be much longer if there was a slight problem.

Faster transaction is what we are looking and sometimes we cannot control the situation since due to huge transaction of bitcoin the network will be busy and that will cause a delay of transaction, but despite of that, it is not the main or major problem of bitcoin.

[carlisle1]

Most of the time it is fast, the only time that it is slow is when there are too many transaction that is being process in the blockchain but I don't think that it should be called "slow" because it only takes 10-30 minutes to be processed. All we need is to be patient about this process in the blockchain because there are too many bitcoin users around the world, not just you.

Yeah it may depend on the load on network when a transaction takes more time than usual, but i personally never faced this problem at all, my transactions never took more than 30 to 40 minutes no matter how big or small they were.

well it's great for you because some of us experienced a very delayed transaction before including me it was 8 or maybe 9 months ago when I am about to received a certain amount of satoshi it took almost 1 hour and 30 minutes but I am not bothered at least the process is ongoing there's nothing to worry about except if you need to rush

The important here is as long as we receive our bitcoins with the right amount then it's not a big issue of delays. In fact, we are only seeing the disadvantage of using bitcoin but we failed to consider it's cheap transaction fee.

yes of course that is the most important thing that we should consider with bitcoin no matter how delayed the transaction is as long as it is already processing we will still be receiving a right amount later on and that's what we should keep in our mind . I know that the transactions with bitcoin is not always stable in fast processing but I Hope it will be improved in the near  future .

[Mr.grin]

I realized, after comparing with the bitcoin transaction speed blockchain, and others, I think the speed is very fast bitcoin transactions. Well, we just need to wait a few minutes until we could use bitcoin we send. Well, if you use another payment processor, it may take more than one hour so that we could use it.

[Mastsetad]

I realized, after comparing with the bitcoin transaction speed blockchain, and others, I think the speed is very fast bitcoin transactions. Well, we just need to wait a few minutes until we could use bitcoin we send. Well, if you use another payment processor, it may take more than one hour so that we could use it.

One hour is very less to be said for other payment processors except bitcoin, because even bitcoin transactions take that much time sometimes and bitcoin is said to have the fastest transactions in payment processors so others would probably take more time then that.

[apriloni]

bitcoin transaction is much faster than other payment service because i mostly use bitcoin for online transaction and i think maximum bitcoin for online shopping than other service and bitcoin is acceptable in everywhere for online shopping.

[carlisle1]

I realized, after comparing with the bitcoin transaction speed blockchain, and others, I think the speed is very fast bitcoin transactions. Well, we just need to wait a few minutes until we could use bitcoin we send. Well, if you use another payment processor, it may take more than one hour so that we could use it.

One hour is very less to be said for other payment processors except bitcoin, because even bitcoin transactions take that much time sometimes and bitcoin is said to have the fastest transactions in payment processors so others would probably take more time then that.

yes, bitcoin has the fastest transaction and I've feel it the last time that I've sent my coin from exchange to my personal wallet and it only take less than half hour although bitcoin might also take an hour before the confirmation has finished because of too many transactions to be processed at least it is not usually occur not like with other processors they might take a couple of hours before you will totally received the amount of you've transacted .

[TastyChillySauce00]

I realized, after comparing with the bitcoin transaction speed blockchain, and others, I think the speed is very fast bitcoin transactions. Well, we just need to wait a few minutes until we could use bitcoin we send. Well, if you use another payment processor, it may take more than one hour so that we could use it.

One hour is very less to be said for other payment processors except bitcoin, because even bitcoin transactions take that much time sometimes and bitcoin is said to have the fastest transactions in payment processors so others would probably take more time then that.

yes, bitcoin has the fastest transaction and I've feel it the last time that I've sent my coin from exchange to my personal wallet and it only take less than half hour although bitcoin might also take an hour before the confirmation has finished because of too many transactions to be processed at least it is not usually occur not like with other processors they might take a couple of hours before you will totally received the amount of you've transacted .

Well, mention to me which payment processors other than bitcoin which take a couple of hours to be done. As far as I know other payment processors such as PayPal or debit card will only take about 5 minutes to make the transaction done including filling up the required data /or log in if you were using PayPal. Even bank transfers are now very instant

[zidanw]

every time I do a transaction bitcoin is always fast i wait 3 confirmation done, if slow it may be because your wallet try with other wallet

[shinratensei_]

I had some problems with transaction confirmation time a few days ago, it took something about a hour for the transaction to be confirmed. It seems like the same thing happened to other users.

If the proposal is to reach the mainstream, I think things should improve, hopefully with lightning network things will change next year.

It not about the Lightning.network
But IMO, it caused by the spam transaction and which mean it can be increasing the priority fees anytime, and if that was happening and your transaction will automatically be getting in the deprioritize zone.
But i don't think if LN will be changing all lot of the thing. May the blocksize increase can become the right way for that.

1 hour transaction are pretty much normal these days, before the fastest I have was 25 minutes but that was last 5 months ago now I consider 1 hour transactions to be fast. The reason may be because of an increase of Bitcoin isers who are sending money as well.

Nope, I have made a transaction yesterday and it just takes 10 - 15 minutes estimate. The increase of bitcoin user was affecting it.  But the recommended fees will always be prioritizing. The increase of bitcoin users was one from a lot of reason. And we need block increase. 

[GreenLighter]

Compared to fiat, fast. Compared to altcoins, slow. Speed is relative

[KrulciferEinfolk]

I think bitcoin transactions have been classified as transactions quickly. The time it takes only 1 minute to 3 hours and would be much longer if there was a slight problem.

Your right. But, fast or slow transactions are also influenced by mining. Because, In bitcoin mining is the process of spending the computing power to process the transaction, securing networks, and make everyone in the system are synchronized together.

[South Park]

Mos Bitcoin debit cards easily exchange value without hesitation, although converting the coin to fiat will likely take time on the back panel.

To be honest it seems possible to conduct BTC transactions in physical stores no matter how long it takes to go through except it's up to the store owner in the end of it all.

But using those debit cards is just a workaround, and not a solution to the problem of confirmation time, if we want to reach the point where we use bitcoin in our every day lives the issue must be addressed.

[Xmaseven]

Bitcoin transactions are always fast!
In the last days with transaction spam, I need also 48 hours for a single confirmation

Now seems the solution is normally (but I don't know for how many time )

[Positid]

Bitcoin transactions are always fast!
In the last days with transaction spam, I need also 48 hours for a single confirmation

Now seems the solution is normally (but I don't know for how many time )

Because we have patience, we were able to understand the network sometimes, and besides, delayed transaction does not happen all the time. It is just normal when a network is very busy and what is important is we are satisfied users of the bitcoin and the blockchain.

[coinfast]

I agree that bitcoin transaction is instant and 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. if we compare with other bank transactions Bitcoin transactions are very fast, we will get a confirmation message within a few minute.

[jossiel]

I agree that bitcoin transaction is instant and 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. if we compare with other bank transactions Bitcoin transactions are very fast, we will get a confirmation message within a few minute.

Bitcoin transactions are truly fast enough because I haven't experience any problem with it.

Those people who are experiencing slow transactions sometimes are not putting miners fee. Good thing that if you are using blockchain.

There is already an automatic deduction for the miners fee and that's very cheap you don't have worry about it because that will guarantee.

That your transaction will be confirmed for just a couple of minutes.

[Ocalebeth]

Mostly its going pretty fast but its also depending on the fee's you are using with high fees its also way faster confirmed.

[richardsNY]

every time I do a transaction bitcoin is always fast i wait 3 confirmation done, if slow it may be because your wallet try with other wallet

Type of wallet doesn't really matter as the transaction fee is the leading factor. If your transaction has a lower than average fee, then pools will most likely ignore your transaction for a while as they give priority to transactions with higher fees as that will result in a higher income. That's why if you send a transaction that needs to get confirmed pretty soon, you must add an above average fee to get pools to pick up your transaction.

[shinratensei_]

I agree that bitcoin transaction is instant and 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. if we compare with other bank transactions Bitcoin transactions are very fast, we will get a confirmation message within a few minute.

Bitcoin transactions are truly fast enough because I haven't experience any problem with it.

Those people who are experiencing slow transactions sometimes are not putting miners fee. Good thing that if you are using blockchain.

There is already an automatic deduction for the miners fee and that's very cheap you don't have worry about it because that will guarantee.

That your transaction will be confirmed for just a couple of minutes.

At least how long the transaction will take confirmation.
Already put reliable fees but sometimes, the spam will make it useless, and being in the low priority.
It's depending on the block interval.