How to guess or estimate the tx time ?

[hugeblack]

To estimate how long it will take for your transaction to get block confirmation, you can look at the data here https://bitcoinfees.net/ and find out the average number of transactions in a block. At https://bitcoinfees.net/, each fee rates range displays how many transactions were made

bitcoinfees.net does not seem accurate compared to the tools above, which measure data based on real time, as the fees mentioned above are different from the data in other services, and the site is updated every 60 seconds by updating the entire page.

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[passwordnow]

On memepool.space on the top you will see a search box.

That's mempool.space mate.

The same can be don on blockhair.com

That's blockchair.com

@OP, given the point about mempool.space I think that's one of the most used website for checking the fees and transaction speed. It gives the idea on how long one transaction will take if you pay for the amount depending per bracket of no, low, medium and high priority. Honestly, the fees are still quite high with $1-$2 because before it was lesser than that and it's not that much but I wouldn't complain anymore as when the spam of ordinals made it cost more than $10 to $20 and more for every transaction.

[NewRanger]

In my opinion, finding the right time is a bit complicated because miners can make estimates that are not always accurate, but that's a good question and of course what you have to pay attention to are general factors such as fluctuations in mempool density before making transaction times. It's just that if you want it quickly, just follow the fee amount requested by your broker, but if you want a simple price, just set it manually (if you need low priority), but the effect is that the transaction confirmation time will take a long time, maybe up to a week or at most 4 days after you do it.

[kryptqnick]

When I have check the memepool.space it is showing that current TRANSACTION FEES, ( Low Priority, Medium Priority, High Priority). Now actually I don't understand that how can we estimate or guess the time on these transactions?
Like if I give 10sat/vB how and where can I find my estimated time ?

It's great that the op is using mempool rather than random fee estimating websites to figure out the fees and transaction time. If you point at priorities, it tells you that high is in the first block (the next block), medium is within the next two blocks, low is between the second and the third, and no priority is kind of a wild card.
The average block time is 10 minutes, so high means that it's likely to be confirmed within the next 10 minutes, medium is for 10–20 minutes, low is for 20–30 minutes. At least, that's the way I understand it, although of course there's no guarantee.

[Patrol69]

Here is an estimate of how much btc a bitcoin transaction could cost at the time you took the screenshot. If you transfer Bitcoin at that time, your transaction may be free if you transfer at the lowest sat/vB and $3 to $3 if you attempt to complete the transaction at medium sat/vB. A little more than that and the third step might cost you a little more BTC. You can wait for 10sat/vB if you are not very urgent to transfer bitcoin right now. It may take you a long time to reach 10sat/vB or it may take less time it totally depends on Mempool fluctuation. You can wait if you want to transact with relatively low transaction fees.

[jrrsparkles]

The expected time for confirmation is actually a false thing, let's say if you made 10sat/vb TX when the required fee is 30sat/vb and that too standing in long queue at the same time more transactions are incoming at higher fee then your TX may never get confirmed unless the incoming tx number reduces and existing clogs starts to clear.

[nakamura12]

You can see the estimated time on each blocks on the mempool. As you can see on the images provided by other forum members, the estimated time is 10 minutes (there's a reason why it is 10 minutes because the average time a block will get confirmed is 10 minutes. So the next block estimated time would be 20 minutes, next would be 30 minutes and so on. The priority is what will help you know the placement of your transaction in a block where it might be in between the second block or third block, in between the first block and second block or it is in the first block ( which as you can see that it is Low-Medium-High priority).

[famososMuertos]

.//.

I am going to give you an answer as a user.

1st, it can take as long as your priority to respond to this post:
OP1: ah, I understand (hight priority)
OP2: but, since the response interests you little, that is, it's already March 2, its priority is low.

So, the important thing when making a bitcoin "send" is that the priority shown in the mempool is basically a projection of what you should pay at most, high priority, and at low priority to have an estimated time for it to be  confirm your transaction.

It's that simple, it is an "estimated" time, if the high priority mentions "approximately" 10 minutes, the time can even be less than 10 minutes, or more than 10 minutes, why? It depends on various factors.
Anyway, This is why some use RBF, because the mempool conditions can change in seconds, and the priority price changes, so you check and increment to the new estimated sat/vB value.

Please, don't put in more money than you should, let's say that if a transaction is 35sat/vB, some use 70sat/vB,ok, if the priority is going to change and your transaction is going to be prioritized, but you're giving more money than you should.

In fact, from my user experience it is very possible that the mempool changes to 100sat/VB and your transaction does not have a high priority.

Low priority, it works the same, do not use rates without priority unless you are sending small amounts and the 3%-5% ratio is within the limits, for example send $10 and pay a fee of $1, that is, cheap,(!), but not for that amount since it represents 10%.

There are people who want to send $50 and obviously they don't want to pay a hight priority fee.

In conclusion, the time they show is a reference, it is also good to know that some wallets tell you how many blocks your transaction is waiting to be processed.

^{S:https://mempool.space/}

[The Cryptovator]

If you decide to pay over fees and your transaction includes the next transaction, then on average, it should take 10 minutes to confirm your transaction. We all know the average transaction time for the next block is ten minutes. So, though you can get an estimate of transaction fees, transaction duration depends on how congested the network is and how much fee you choose. Many wallets give you the ability to customise transaction fees, and you have to choose the fees accordingly. 

[OcTradism]

If you decide to pay over fees and your transaction includes the next transaction, then on average, it should take 10 minutes to confirm your transaction. We all know the average transaction time for the next block is ten minutes.

With a fee rate at tip of mempools, we will have to wait for about 10 minutes to get a first confirmation. It is an average waiting time but sometimes will be sooner, even few seconds, and sometimes will be more than 10 minutes. Some blocks need much longer time than 10 minutes to be found and even with a fee rate at tip of mempools, we still have to wait more than 10 minutes.

So, though you can get an estimate of transaction fees, transaction duration depends on how congested the network is and how much fee you choose. Many wallets give you the ability to customise transaction fees, and you have to choose the fees accordingly. 

Only possible with non custodial wallets.

With custodial wallets, we rely on the custodian to broadcast our transaction and its fee rate. Non-custodial wallets are good but better if we choose open-source non custodial wallets.