Why do Bitcoin transactions take so long?

[Omar Ommeish 4872]

Yes, the information needs time, and this confirmation on the network is necessary in order to avoid hacking.

[Zalaks007 543]

Because bitcoin is the most used cryptocurrency and has the most used Blockchain transaction request, so it will take much different confirmation before it reaches it's destination. 

[Jessica Karren 1242]

Due to the increasing demand for transactions per block, the traffic on the Bitcoin network become very high so the transactions take long time but the good thing is that due to lightning network concept the Bitcoin transactions become faster.

[koussai999 1986]

It is a bad thing to do only seven operations per second. I think she must handle many operations over the ten thousand operations per second in order to be able to handle different operations of people quickly and without problems.

[vynz 540]

On 11/28/2019 at 2:11 PM, Digicoin said:

The reason is because,  before a transaction to be finalized, it usually has to be confirmed six times before it is sent over to the recipient. This, when coupled with the high levels of demand means that it can take anywhere from 10 minutes to a day for transactions to clear or even longer in some circumstances. The network is only capable of processing approximately seven transactions per second, meaning it pales in comparison to payment platforms such as Visa. Lightning Network, which adds another layer to the blockchain to deliver instantaneous payments with lower fees, have been introduced.

It is one of things that bitcoin earners annoyed about is it take long to earn their bitcoins. Knowing this will help them realize to but as time goes by as the technology evolves, Bitcoin transactions will become faster than before. But now, it is still annoying though. Thank you for the information my friend!

[Virgil dijk 1431]

Yes your right bitcoin transaction take so long to be successful, because it has to pass through the confirmation process, and it's ability of processing per transaction is just seven  transaction per second.

[CryptoLover21 0]

Yeah, the transaction of the bitcoin takes so long because the bitcoin has the largest block chain and it needs to be confirmed from six blocks to process.

[BTC Future 3946]

On 6/9/2020 at 1:32 PM, MarsDota2 said:

When lightning feature of different exchange transaction happens, it will be a good thing for us crypto users because we can have a faster way of exchanging but we have to expect that it has a higher transaction fee than before.

With Lightning Network, when it will be finally released, it will be instant transactions with really low fees. This way Bitcoin will enter a new era of adoption. I'm expecting price of Bitcoin to rise 50% the day lightning is announced. 

[Phooljan 8]

Bitcoin transactions takes from 10 to 40 minutes for confirmation this is happening due to huge quantities of transactions on btc blockchain systems the many's alternative coins takes only less than five minutes for confirmation of transactions. 

[Ndayebo8 0]

1 hour ago, Rock Hunter41 said:

In my opinion bitcoin is the most used cryptocurrency.Every second bitcoin has completed millions of transaction.There too many traffic in bitcoin transaction.I think this is one of the reason for take lon time.

You bring a point there but the real fact beyond the delay in Bitcoin transaction is because of the blockchain and how is is created to perform transaction the smart contract is more faster which is ethereum.

[estee369 489]

Bitcoin transactions take so long because the transactions need to confirm six time to make sure it is valid. If there are high load in Bitcoin network the transactions may take long depending on the amount of blocks. So if the network is busy it might take a long time.

[hasan007 206]

Its true that bitcoin takes much longer time than the usual transaction, cause its required lot of confirmation. Also its secure the safety of the money flow. But if on hurry then you can pay extra for more faster service.

 

[Mwangi 5611]

That I cannot tell, but I can confirm that yest its true bitcoin transactions take long because I have been there and I have seen them take that long , there is lot of work to be done , so very important we need to work and produce something that can help us a lot the most important part is to really reassure ourself with the bitcoin we see  around

[Sugibengi 390]

Indeed in bitcoin transactions it takes quite a long time, because the transaction requires confirmation, I think it doesn't matter as long as it makes sense, the most important thing is the security of bitcoin when the transaction can be fulfilled, I think maybe someday bitcoin transactions will be faster if there is technology new.

[Moaz 7239]

I completely agree with you, that the time taken for bitcoin transactions is a long time compared to other cryptocurrency transactions, as this time may take more than one day, and the reason is that the bitcoin needs to 6 confirmations in one transaction before sending it to the recipient in order to maintain The highest level of safety

[AlexBerkut 51]

On 28.11.2019 at 10:11, Digicoin said:

The reason is because,  before a transaction to be finalized, it usually has to be confirmed six times before it is sent over to the recipient. This, when coupled with the high levels of demand means that it can take anywhere from 10 minutes to a day for transactions to clear or even longer in some circumstances. The network is only capable of processing approximately seven transactions per second, meaning it pales in comparison to payment platforms such as Visa. Lightning Network, which adds another layer to the blockchain to deliver instantaneous payments with lower fees, have been introduced.

Long transaction processing times are, of course, one of the key disadvantages of blockchain-based decentralized systems. Each node on the network must be in sync with everyone else to avoid data conflicts

[lonewolf 47]

it depends more on miners confirming transactions on the blockchain

[CryptoTrade 53]

There are several reasons for this, this is the largest cryptocurrency in terms of capitalization and transactions come from a large number of people, so the load on miners is quite high.

[LocusW 38]

They are delayed because each new block of BTC is mined each 10 minutes, that means that by default you have to wait at least 10 minutes for your transaction to be approved in the blockchain and validated by the miners. Even if the fee you put on the transaction is very low, the miners will not have an incentive to include it in that new block that is being mined. That is why it is extremely important to put an adequate fee according to the moment in which the blockchain and its load are found. The first time I sent BTC to someone I put a fee of 0.17 usd by mistake, imagine that it took about 72 hours to validate that transaction. That I despair, but in the end I arrive without problems. Today I put a fee of 1 - 2 usd.

[robik963 10]

Bitcoin transaction times are actually longer if there are a lot of transactions and a lot to check. So pay more if you want to make a transaction faster.

[ramonn22 731]

Yes it is clear, dear colleague, that bitcoin transactions take a long time and commissions are a bit high, I think it is due to the many people who use the miners and because they give us more of themselves, personally I prefer another cryptocurrency for my transactions with more commissions cheap issste the fastest actions for example I use a lot of litecoin
Big winnings and luck for everyone
A big greeting

[cryptovlek 2597]

Bitcoin transactions take from a few minutes up to hours and it depends on the fees we used and the confirmations the wallet we send demands. It is how Bitcoin is build and works as planned but the problem is when too many transactions happen fees rise.

[Naylor89 1223]

Sometimes transaction times may get slow due to Bitcoin's limited transaction capacity and the network being overloaded with many unconfirmed transactions. If you increase your fee a little more at this situation, everything will be Okay.

[zhoutong 2188]

It is the system of Bitcoin created this way and scaling is a problem that was discussed in many occassions in the past but lately the solution is the lightning network that we expect now for five years to be ready.

[Mella 3680]

I don't have them wait for too long my dear but they do take 1 hour when I am send them. I am think that some are send them and they are receive them instantly but I am not known how this is happens. I will look if this will have a danger of not receive the bitcoin.