bitcoin transactions - Slow OR Fast

[ethereumhunter]

See bitcoin transactions depends upon the speed of youe internet
But usually it takes upto 1 hour
 

not really, its depend on the network traffic and if the network can handle many of transactions then i think for completing the transacting its less than 1 hour and i have many time to receive the bitcoin amount in less than 30 minutes.

That's normal and I get used to it already, like now, I receive my money in less than 5 minutes and just right in time when I needed my money.

i have this experience too but i think one hour is the longest time that i have experience, because when i am sending and receiving bitcoin, at least need thirty minutes to complete the confirming and i am fine with that. as long as i see that there is a deposit in my wallet even it is not confirming, then i am sure the amount will be load in my wallet.

[Omega Weapon]

The confirmation time depends on a lot of factors like how busy is the network, the miners, the fee you send in your transaction and the use you want to give to bitcoin, if you only want to move money from one country to another then bitcoin is very fast but if you want to buy something and need a confirmation in seconds then bitcoin is slow.

[abel1337]

The confirmation time depend on a lot of factor like how buys is the network, the miners, the fee you send in your transaction and the use you want to give to bitcoin, if you only want to move money from one country to another then bitcoin is very fast but if you want to buy something and need a confirmation in seconds then bitcoin is slow.

I agree , It is depending on the situation. If you want to send money in other countries it is quite fast if you compare in other money sending services like remittance center ,  bank transfer and other digital transfer.

[Kasabus]

The confirmation time depend on a lot of factor like how buys is the network, the miners, the fee you send in your transaction and the use you want to give to bitcoin, if you only want to move money from one country to another then bitcoin is very fast but if you want to buy something and need a confirmation in seconds then bitcoin is slow.

I agree , It is depending on the situation. If you want to send money in other countries it is quite fast if you compare in other money sending services like remittance center ,  bank transfer and other digital transfer.

Well, compared to bank and other remittance center, bitcoin is way faster because once it is sent it is automatically sent to a specific address. Banks double check the transaction before clearing it, and lots of regulations they must have to consider with fund transfer, there's even a possibility that transaction can be on hold or freeze.

[alexander212]

The confirmation time depend on a lot of factor like how buys is the network, the miners, the fee you send in your transaction and the use you want to give to bitcoin, if you only want to move money from one country to another then bitcoin is very fast but if you want to buy something and need a confirmation in seconds then bitcoin is slow.

I agree , It is depending on the situation. If you want to send money in other countries it is quite fast if you compare in other money sending services like remittance center ,  bank transfer and other digital transfer.

Well, compared to bank and other remittance center, bitcoin is way faster because once it is sent it is automatically sent to a specific address. Banks double check the transaction before clearing it, and lots of regulations they must have to consider with fund transfer, there's even a possibility that transaction can be on hold or freeze.

It's not something new friends, because now we can also get it in E-bank. There we can also transfer quickly and will surely benefit the same bitcoin (delivery rate), but in the E-Bank or Bank we can not get the advantage we already know through price bitcoin. There we can get a greater advantage in having or buying a lot of bitcoin when prices are low and keep it until the high price
 

[qiman]

Yesterday I had one transaction take 9 hours to confirm through the blockchain and another one only took one hour, but yes I have noticed the blockchain has slowed down a little bit since I have started using BTC.

[Mlich]

normally it takes not more than 10 minutes per transaction to be completed. or else you are not paying the transaction fee high enough

For me it takes longer than that inspite setting higher network fees than the blockchain wallet suggests. Maybe the delay is as a result of fewer miners caused by the having.

[1Referee]

normally it takes not more than 10 minutes per transaction to be completed. or else you are not paying the transaction fee high enough

Don't focus too much on the 10 minute block times. Bitcoin having 10 minute block times doesn't mean your transaction will get a confirmation every 10 minutes. Assuming you included an above average fee, then it may take anywhere from 1 to +60 minutes to have your transaction confirmed. This 10 minute block time thing is just an average number that is the outcome of every difficulty adjustment that is meant to keep the average block time at 10 minutes.

[TastyChillySauce00]

The confirmation time depend on a lot of factor like how buys is the network, the miners, the fee you send in your transaction and the use you want to give to bitcoin, if you only want to move money from one country to another then bitcoin is very fast but if you want to buy something and need a confirmation in seconds then bitcoin is slow.

I agree , It is depending on the situation. If you want to send money in other countries it is quite fast if you compare in other money sending services like remittance center ,  bank transfer and other digital transfer.

Well, compared to bank and other remittance center, bitcoin is way faster because once it is sent it is automatically sent to a specific address. Banks double check the transaction before clearing it, and lots of regulations they must have to consider with fund transfer, there's even a possibility that transaction can be on hold or freeze.

It's right if after you send the bitcoin it will directly and instantly arrived in the receiver's address but I think it's still unconfirmed yet when confirmation in blockchain system is really a thing and really important.
No one is going to consider the transaction done until the confirmation arrived hence it's the only thing that make bitcoin transaction slower than ordinary transaction through bank transfer

[Juggy777]

I had my first super slow experience on Monday when I the coins showed pending in my account. I knew it would confirm in a few hours, so I kept waiting and waiting and nearly 48 hours later it took place. This was the slowest transaction that happened with me. Really was surprised that it took so long, but was glad that it finally did come. Though on other occasions it normally happens really quickly. Any one else had such slow transaction from Monday?

[Blitzboy]

The confirmation time depend on a lot of factor like how buys is the network, the miners, the fee you send in your transaction and the use you want to give to bitcoin, if you only want to move money from one country to another then bitcoin is very fast but if you want to buy something and need a confirmation in seconds then bitcoin is slow.

I agree with you, it's all about how you want to use bitcoin. In compare with fiat money or bank system, bitcoin seems to be the fastest way to transfer money from one place to another, especially when the transactions are overseas. But in the meantime, it takes quite much to buy something or to have payments in bitcoin, and in this case fiat money is the one which takes control

[Daifotis]

I agree with you, it's all about how you want to use bitcoin. In compare with fiat money or bank system, bitcoin seems to be the fastest way to transfer money from one place to another, especially when the transactions are overseas. But in the meantime, it takes quite much to buy something or to have payments in bitcoin, and in this case fiat money is the one which takes control

It's not that fiat or bitcoin is on take control now, it's just that both have different lines of dominating the way we use our money.

For convenience in physical transactions, fiat dominates over bitcoin while at some point, bitcoin is better in terms of online transacting. And other cases might happen to like fiat dominates bitcoin over online transacting depends on the system people are using.

[Gameroid]

The confirmation time depend on a lot of factor like how buys is the network, the miners, the fee you send in your transaction and the use you want to give to bitcoin, if you only want to move money from one country to another then bitcoin is very fast but if you want to buy something and need a confirmation in seconds then bitcoin is slow.

I agree with you, it's all about how you want to use bitcoin. In compare with fiat money or bank system, bitcoin seems to be the fastest way to transfer money from one place to another, especially when the transactions are overseas. But in the meantime, it takes quite much to buy something or to have payments in bitcoin, and in this case fiat money is the one which takes control

actually it depend on some factors and to me i think the main factor is that of the traffic when the rate of buying and selling bitcoin increase the transaction also respectively change, the second factor is he fee structure if you are paying high fees then the transaction can be fast and if you pare paying low fee then the transaction will slow down and will take some more time.

[skyway1]

See bitcoin transactions depends upon the speed of youe internet
But usually it takes upto 1 hour
 

This is so wrong bitcoin transaction has nothing to do with your Internet speed,  it depends on how mood of miners really lol but usually if you send more fees it will get confirmed faster.

yes that is right to say it really do not depend on the internet speed but depend one your transaction fee, if you pay a little high fee for transaction then your transaction will be too fast.

for me bitcoin transaction is fast. because i always use pay the transactions higher.

Yeah bitcoin transaction is very much faster than other service and bitcoin technology is very much advance and still i never face to any problem with bitcoin transaction because bitcoin transaction is smooth and faster .

[fuathan]

Nowadays. transactions are really slow... I hope they can find a better way to do the transactions.   

When BTC spreads all around the world they need fast transaction speed.

[GMPoison]

Nowadays. transactions are really slow... I hope they can find a better way to do the transactions.   

When BTC spreads all around the world they need fast transaction speed.

Transactions are instant, confirmation is what takes so long, correct?

If so, is there any fraud that can be committed between the delivery time of the coins and the confirmation time of the coins? Sometimes it can take a while for a transaction to be confirmed, but if there is no fraud that could take place between that time then merchant could simply see that you made the payment nearly instantly at a check out line for example and it could be as simple as that. 

[Positid]

Nowadays. transactions are really slow... I hope they can find a better way to do the transactions.   

When BTC spreads all around the world they need fast transaction speed.

Transactions are instant, confirmation is what takes so long, correct?

If so, is there any fraud that can be committed between the delivery time of the coins and the confirmation time of the coins? Sometimes it can take a while for a transaction to be confirmed, but if there is no fraud that could take place between that time then merchant could simply see that you made the payment nearly instantly at a check out line for example and it could be as simple as that. 

I don't think there's a fraud that's going to happen because I have never experience that once in my life here in crypto. It's just slow when the network is busy and that's it.

[Mr.grin]

Nowadays. transactions are really slow... I hope they can find a better way to do the transactions.   

When BTC spreads all around the world they need fast transaction speed.

Transactions are instant, confirmation is what takes so long, correct?

If so, is there any fraud that can be committed between the delivery time of the coins and the confirmation time of the coins? Sometimes it can take a while for a transaction to be confirmed, but if there is no fraud that could take place between that time then merchant could simply see that you made the payment nearly instantly at a check out line for example and it could be as simple as that. 

Yes you're right. all the constraints of bitcoin transactions occur only in confirmation, because I also see that sending bitcoin occur instantly. it is probably because so many transactions simultaneously, so it takes time to confirm transactions carried out on the same second. even the best of programs, will make a time-out to make it under control.

[RealBitcoin]

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 via bitcoin credit/debit cards, Bitcoin blockchain is the settlement layer, however for purchases that you want to be instant, you will most likely use a 3rd party bank card, which will probably be issued by banks in the future, once they embark Bitcoin.

This way both banks and cryptocurrencies can survive and actually cooperate. We only need to get rid of fiat money, but the other tools can stay, since they proved themselvesto be easy to use.

We are going cashless anyway, the question is, will you have Euro/Dollar on your card or Bitcoin?

[goldcoinminer]

Nowadays. transactions are really slow... I hope they can find a better way to do the transactions.   

When BTC spreads all around the world they need fast transaction speed.

Transactions are instant, confirmation is what takes so long, correct?

If so, is there any fraud that can be committed between the delivery time of the coins and the confirmation time of the coins? Sometimes it can take a while for a transaction to be confirmed, but if there is no fraud that could take place between that time then merchant could simply see that you made the payment nearly instantly at a check out line for example and it could be as simple as that. 

Yes you're right. all the constraints of bitcoin transactions occur only in confirmation, because I also see that sending bitcoin occur instantly. it is probably because so many transactions simultaneously, so it takes time to confirm transactions carried out on the same second. even the best of programs, will make a time-out to make it under control.

The thing is, no program that is perfect, what we can do for now is to bear with it. It's not the big weakness of bitcoin because our money can still be receive by our transacting party. We must not ask for a perfect one if we can be satisfied with bitcoin still.