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Author Topic: How long do transactions usually take?  (Read 492 times)
skelethon (OP)
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February 10, 2018, 05:29:28 PM
 #1

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?
GFE
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February 10, 2018, 05:33:13 PM
 #2

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

It depends on currency. For BTC it takes up to several days or even weeks, for ETH - up to several hours, for DGB it could be 1 min. So you need to check every coin separately for transaction time

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Netnox
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February 10, 2018, 05:39:53 PM
 #3

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

Which coin are you talking about? With ETH, it takes less than 60 seconds. On the other hand, for Bitcoin it can take anywhere from 30 minutes to 3 days, depending on the transaction fee used and the network load. Other currencies such as LTC, BCH, BSD and XLM comes somewhere in between these two.
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February 10, 2018, 05:42:23 PM
 #4

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

It depends on currency. For BTC it takes up to several days or even weeks, for ETH - up to several hours, for DGB it could be 1 min. So you need to check every coin separately for transaction time

Who said it takes weeks for BTC tranactions,already the situation got normal only there are 10K unconfirmed transactions are in blockchain so the fee is very very less,less than a dollar and it will get confirmed in less than 30 minutes,if you have priority fee then the transaction will get confirmed in minutes.We need to use segwit address for more faster transactions than in legacy address.
It depends on the currency and their traffic in their network,if they have high traffic the fee will be high and the time also more.But these situations will be resolved when lightning network was implemented.
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February 10, 2018, 05:44:14 PM
 #5

I depends on the gas price to selected during the transaction. Let me explain you with my experience. I use MyetherWallet to send and receive Ethers. I sent few Ethers to my friend last month and I set the gas price at it's maximum and it took 1 hour to complete the transaction, reason blockchain was so burdened and heavy traffic was at the blockchian that's my trasaction processed slowly. On the other hand I sent Ethers to someone and I set the gas price lowest and transaction processed in less than 3 mints. Heavy traffic on blockchain rarely happens. In normal days transaction takes place quickly. So if you want transaction to be processed quickly, you should set the gas price maximum. if you're in no hurry than standard gas price would also be enough.

xaviervilla
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February 10, 2018, 05:46:55 PM
 #6

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?


Well actually, in all the times and all the crypto currencies that I have been using, I have observed that every transaction is actually different from one another in every crypto currency you use. Because the time when you do the transaction is very critical since this determines whether you are making a transaction on a busy time on a specific coin or on a time when very few people are using the coin's network. When it comes to the time span of every transaction or how long it takes to get all the confirmations done, knowing the time when there are only a few people using the network is very vital since the traffic determines the speed and the value of fees you have to pay for every transaction. hope this helps pal.
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February 10, 2018, 05:53:58 PM
 #7

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

If Bitcoin then you should be patient because the fastest transaction for Bitcoin today is 10-15 minutes but that is when you'll set to the highest transaction fee and normal is 1 to 5 hours but if you're going to select the least or cheapest transaction fee then at least 24 hours up to 1 week.
That's why Bitcoin will not surge up anymore because people would rather invest into Altcoins rather than Bitcoin because Altcoins are way faster than Bitcoin and that's the fact.
In Altcoins, it will mostly takes at least 5 seconds to 10 minutes.

Wicked17
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February 10, 2018, 05:54:20 PM
 #8

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

If you are talking about ethereum or bitcoin, with bitcoin usually it takes an hour up to 1 week to be confirmed,also depend on your fee but since the network is not congested now the fee is only small. In ethereum transaction it only take a minutes with decent gas fee. And in other currencies it only take minutes to hour to get confirmed.

bratbu
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February 10, 2018, 05:54:36 PM
 #9

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?
It is really depends on how much network congestion that we have,or traffics in the network because more traffics the network has the more slowly each transactions would be confirmed in each block.Also another factor would be the fees,if you used less fess you definitely need to wait more time than tha usual time of transfering coin to another coin.

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Praesidium
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February 10, 2018, 05:56:49 PM
 #10

It really depends on what coins you're gonna transact, if you go with ETH, it will take up to 5 mins or depends in what site you're using it. If bitcoin it will take days or even weeks if the transaction is really slow because of blockchain traffic, there are still 9k unconfirmed transaction for bitcoin so it will be slow.
styca
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February 10, 2018, 06:00:43 PM
 #11

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

Depends on the coin.
With Bitcoin for example, you can monitor your transactions on the block explorer, just google it. Also average transaction time is shown here https://blockchain.info/charts/avg-confirmation-time Transactions have been taking quite a long time recently, we really need LN!
I tend to be paranoid and monitor transactions as they are progressing.
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February 10, 2018, 06:08:58 PM
 #12

If the coin is erc20 tokens or ethereum, transaction speed is really good and satisfying even though there are faster coins, but bitcoin is very bad, it takes a lot of time.

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February 10, 2018, 06:21:09 PM
 #13

Transaction speed depends on the fee you paid for the transaction,  Ethereum ideally should be in seconds why BTC you need to want for minimum of 10 mins. If the network is congested then you will need to wait longer and sometimes hours or even days

abduljacklu
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February 10, 2018, 06:27:19 PM
 #14

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?
It depends on the fees you have used,there is slow,average and high spreed tx confirmations which high speed tx will cost more compare to the first and the second fee,plus network congestion might be another thing to consider because congestions are slowing the whole network.

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February 10, 2018, 06:33:57 PM
 #15

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

well it depends on the coin. bitcoin transaction takes a while before I received it. bitcoin cash is a little bit faster than bitcoin though.
if you are trading ethereum and erc20 token the transaction was fast (depends also on the gas)

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selenophile
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February 10, 2018, 06:42:54 PM
 #16

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

what coin? ethereum and most erc20 token was fast. it could take less than a minute if you have filled the gas with high fee.

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February 10, 2018, 06:58:07 PM
 #17

I am one of those greedy bastards that put the low transaction fee for BTC and accelerate it. Usually it takes 2-4 hours. It only worth that if you have a huge amount of inputs and outputs. My ETH  transactions always go within 10-20 sec but ERC20 token transfers can either go with the sane as eth speed or won't be accepted by the network at all. For the other coins I'm so careless that I ceep them on exchanges (on different ones ofc) to prevent extra spending on exchange fees. But most of them have almost instant confirmation time.

rayk
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February 10, 2018, 07:01:01 PM
 #18

For bitcoin it took once 1-2 hours to me, I don't make bitcoin transactions much, it may not be accurate now, but for ethereum it is less than a minute. Digibyte and ripple are very fast compared to ethereum and bitcoin as well.
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February 10, 2018, 07:05:25 PM
 #19

Give or take, how long do you wait to receive your coins? At what point do you start to become suspicious?

It depends on currency. For BTC it takes up to several days or even weeks, for ETH - up to several hours, for DGB it could be 1 min. So you need to check every coin separately for transaction time
This is NOT TRUE. I can't talk about Bitcoin, but I receive my ETH within minutes, depending on how much I pay for it, but it has never been hours..
XRP,XRB and XLM are instant.
Verge is quite fast and anonymoust.
I used Zero and that's very fast, I only paid 0.000001ZER fee.
Other than that, I've not used anything else.

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February 10, 2018, 07:34:46 PM
 #20

It depends what coin or token you send. Bitcoin is usually slower. If network is choked than we all wait longer.
But waiting anything longer than 1 hour is ridiculous.
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