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Author Topic: Why there is too much time taken for the Bitcoin transaction now a days?  (Read 957 times)

Offline ujhon

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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.

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Offline bhm45

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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?

Offline Crypto Prime

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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.

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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.
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Re: Why there is too much time taken for the Bitcoin transaction now a days?
« Reply #4 on: September 04, 2018, 10:21:46 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

Offline kimych

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Re: Why there is too much time taken for the Bitcoin transaction now a days?
« Reply #5 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.

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Re: Why there is too much time taken for the Bitcoin transaction now a days?
« Reply #6 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.
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Re: Why there is too much time taken for the Bitcoin transaction now a days?
« Reply #6 on: September 04, 2018, 08:14:35 PM »


Offline marksayson

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Re: Why there is too much time taken for the Bitcoin transaction now a days?
« Reply #7 on: September 05, 2018, 03:43:02 AM »
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.
   

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Re: Why there is too much time taken for the Bitcoin transaction now a days?
« Reply #8 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.

 

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