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Author Topic: Why transactions takes so long?  (Read 1449 times)
BobbyAdams
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September 29, 2017, 03:51:27 AM
 #61

Actually, Bitcoin is quite a bit faster in verifying transfers than the credit card system. When paying with a CC, the transaction is not really completed for days and can even be reversed some months later. If you were to pay for something online using bitcoin, the transaction would be acknowledged by the merchant in seconds, similar to the time you might wait for a paypal or CC payment screen to acknowledge your payment.

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February 11, 2018, 01:58:00 AM
 #62

Well, especially for Bitcoin, the blockchain network is becoming super congested and this, of course, is leading to lower confirmation times and also higher transaction fees.Will in bitcoin now is too crowded as you can see every transaction so many pending and waiting to aprove becauase of too many people are using bitcoin now i think 15 mins is a good time already you cant transact for an instant thats like imposible at the current setuation.

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