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Author Topic: Bitcoin taking extremly long to send  (Read 25 times)
milly.willy
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December 14, 2017, 05:32:39 AM
 #1

Hi,

I sent a small amount of bitcoin about $10.00 worth last night around 11:20pm to my Ledger Nano S and I received it around 6:28am. So that's about 7 hours for the transaction to complete. I was just wondering if this is normal or am I doing something wrong? I selected Bitcoin Segwit instead of Legacy on my Ledger when I transferred not sure if this matter or which one is faster.
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ebliever
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December 14, 2017, 05:37:10 AM
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Unfortunately due to the skyrocketing popularity of Bitcoin (and other reasons I won't get into here) the TX fees for Bitcoin are very high. I'm surprised you would try to move something as small as $10 worth. You did do the right thing by picking Segwit.

You can check a site like the one below to calculate the fees you'll need to set manually for faster TX.

https://bitcoinfees.earn.com/

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December 14, 2017, 05:40:54 AM
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BTC right now really is not an efficient way to send a small amount. The fee even will cost you much, as well the speed is slow.

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December 14, 2017, 05:46:57 AM
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Nowadays its normal. It takes a lot of time to receive the amount. Last week when I transferred some amount to faucethub, it took nearly 12 hours to get it confirmed. When I asked other members of the faucethub, they also said the same thing. Now only lightning network can make bitcoin transactions faster. Lets wait for it.

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