Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ujhon on August 27, 2018, 10:49:21 PM

Title: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: ujhon on August 27, 2018, 10:49:21 PM
Now a days, Bitcoin transfer takes too much time..
I don't understand this why this happen.
Yesterday , I transfer my bitcoin from one account to other it takes almost 2 hours to display in my account..
This is too much time taken now.
Title: Re: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: bhm45 on August 28, 2018, 03:19:20 AM
This is very unusual right now. If you posted this a few months ago I would understand, but bitcoin transaction are quite decent again, both in speed and fee. The mempool is practically empty with an average of 7k unconfirmed transactions, so even if you don't pay fees to be in the first block, you shouldn't way much more than 20min to 30min for confirmation. Maybe you did something wrong. What wallet are you using?
Title: Re: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: Crypto Prime on August 28, 2018, 08:24:56 AM
I've never been in transferring Bitcoin to another account in this crypto world. You may experience technical problems such as internet access or a bad signal or something. The possibility is happening, because in my opinion Bitcoin has never been that long in transferring coins.
Title: Re: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: owmivmen on August 28, 2018, 11:17:13 AM
Hi friends all depends on how many people do bitcoin transactions at that time. You are not alone in this business. there are millions of crypto users and dominant are bitcoin holders.
Title: Re: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: Zed0X on September 04, 2018, 10:21:46 AM
Quote from: bhm45 on August 28, 2018, 03:19:20 AM
This is very unusual right now. If you posted this a few months ago I would understand, but bitcoin transaction are quite decent again, both in speed and fee. The mempool is practically empty with an average of 7k unconfirmed transactions, so even if you don't pay fees to be in the first block, you shouldn't way much more than 20min to 30min for confirmation. Maybe you did something wrong. What wallet are you using?

I was about to comment this especially the first two sentences.

Probably started investing recently. Imagine if he/she tried to transfer a few months ago  ;D
Title: Re: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: kimych on September 04, 2018, 05:54:50 PM
Bitcoin transfers need a certain number of confirmations on the blockchain before the receiving exchange will credit your account. Because bitcoin technology is the first, where every transaction takes quite a long time.
This process can take an hour or even longer for Bitcoin.
Title: Re: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: Speaker on September 04, 2018, 08:14:35 PM
Bitcoin is not the most convenient, fast and cheap coin for transfers.Bitcoin is primarily a means of preserving your investment. Use for transfers more convenient and fast coins. For Example Dogecoin.
Title: Re: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: marksayson on September 05, 2018, 03:43:02 AM
Quote from: ujhon on August 27, 2018, 10:49:21 PM
Now a days, Bitcoin transfer takes too much time..
I don't understand this why this happen.
Yesterday , I transfer my bitcoin from one account to other it takes almost 2 hours to display in my account..
This is too much time taken now.

The transaction process of bitcoin relies on how much users uses bitcoin network. When many users use bitcoin network, you need to pay more transaction fee to get the tokens immediately.
Title: Re: Why there is too much time taken for the Bitcoin transaction now a days?
Post by: UNIVERSE on September 07, 2018, 04:09:07 AM
It is likely that your computer is a technical error, it could be because of a slow internet network or so. Or maybe your assumption is correct if there are many people who exchange their Bitcoin so the exchange place becomes slow.