Cryptocurrency Q&A
How long until Bitcoin transaction is confirmed?
How long until Bitcoin transaction is confirmed?
Giulia
Mon Dec 02 2024
|
6 answers
1512
I've made a Bitcoin transaction, but I'm not sure how long it will take to be confirmed. I've heard it can vary, so I'm wondering how long I should expect to wait for the confirmation.
6 answers
LucyStone
Wed Dec 04 2024
Several factors contribute to the fluctuation in transaction times on the Bitcoin network.
Was this helpful?
281
98
OliviaTaylor
Wed Dec 04 2024
One primary factor is the total network activity, which can influence the congestion levels and processing speed.
Was this helpful?
176
36
isabella_bailey_economist
Wed Dec 04 2024
The Bitcoin network operates on an average confirmation time of approximately 10 minutes for a BTC payment.
Was this helpful?
378
65
amelia_jackson_environmentalist
Wed Dec 04 2024
Another crucial aspect is the hashrate, which determines the mining power available to validate transactions.
Was this helpful?
256
25
GyeongjuGlorious
Wed Dec 04 2024
Transaction fees also play a role, as higher fees can incentivize miners to prioritize certain transactions over others.
Was this helpful?
178
76
Load 5 more related questions
