BTC transaction stating "Replaceable" what's going on ?

[vnck25]

Hi there,

I requested a deposit of 60000sats to one of my soft wallets from an online gaming platform. The transaction states that its "Replaceable" and still unconfirmed. It has been more than 48 hours now. Can anyone shed some light on what's going on ? Are all BTC transaction experiencing a delay of being confirmed due to the price surge ?

[jseverson]

Being "replaceable" simply means you can push the transaction again with a higher fee. It's no big deal. FYI, the recommended fees right now seem to be 380 satoshis/byte. You can check this at bitcoinfees.earn.com.

And yeah, all transactions are delayed. There are nearly 150k unconfirmed transactions in the mempool at the moment, so it doesn't look like the delays will end soon. Try using an acceleration service if you need your transaction confirmed asap.

[quantumcat]

A lot of people have started to use alts to do transactions, for ex. LTC or ETH. Check it out, less fees and faster transaction time. But if you have no stress with your transaction, you can just use BTC. One thing you can do is to always check the current state of the mempool before making up your mind on how you want to do the transaction.

[Herbert2020]

there is this feature in bitcoin that was added some time ago called RBF or replace by fee. when a transaction has a sequence number lower than ffffffff-1 that means the sender can make a new transaction with a higher fee if this one was not confirmed after a long time.

it was added to make "bumping the fee" easier because otherwise you will have to double spend the same coins. and a normal double spend transaction will be rejected by all the noes that have the original one in their memory pool. but an RBF transaction can be double spent easier if the nodes accept RBF.

https://bitcoincore.org/en/faq/optin_rbf/