Why do Bitcoin transactions take so long?

[Satya31 865]

This us a good point that should be known by all because people starts panic if they do not receive the payment within some time which is very less. The miners verify and confirm all the payments. So when there us so much load in the network then the mining becomes difficult. So the transactions takes time. 

[teminalibug 309]

Just now, Zervanix said:

this is due to the number of transactions using bitcoin so much that for the current system it is not possible to process all transactions in seconds

Does that mean if more user will adopt bitcoin, the hardship will increase?

[Laboni 755]

Bitcoin is a digital currency. This is not a long time to confirm Bitcoin transactions. Bitcoin works through blockchain to finalize transactions.

[miskyming 1588]

That's why I don't like bitcoin when it comes transaction because of slow transactions and also high fees.. I prefer to use XRP to transfer my funds.

[aqua 773]

If you don't want to wait for a long time in sending the bitcoin, you should use a high fee than the other. If, for example, the other people use 5k satoshi as the fee, you can use 7,5 k as the fee to send the bitcoin. But if you use the exchanges, then I don't think that you need to wait for a long time to see it will arrive in the other wallet because usually, the exchanges apply the standard fee to send the money. But I think that you should not think about the fee because as long as you can get a big profit, then you will be okay to send the profit with the high fee because you want to see the transaction will not take too long to arrive.

[Mohammad Abdullah 2]

Bitcoin currency procedure to draw is not so long. Because it is a better for all. Bitcoin currency draw procedure is secure for every one

[Sumayya 493]

13 hours ago, aqua said:

If you don't want to wait for a long time in sending the bitcoin, you should use a high fee than the other. If, for example, the other people use 5k satoshi as the fee, you can use 7,5 k as the fee to send the bitcoin. But if you use the exchanges, then I don't think that you need to wait for a long time to see it will arrive in the other wallet because usually, the exchanges apply the standard fee to send the money. But I think that you should not think about the fee because as long as you can get a big profit, then you will be okay to send the profit with the high fee because you want to see the transaction will not take too long to arrive.

Waiting for so long is because if the fee and sometimes it is not the fee but actually it is the block difficult

[Lubruselu 2803]

Sometimes the bitcoin transactions can took to long because when you are making the transactions you were choose the small amount of coins to cover the fees

[tienda 8776]

Bitcoin transaction take so long yes of course because the confirmations usually has to be confirmed six times before it is processed and to be sent over to the recipient. And the confirmations some times delay because there are many transaction at same time.

Edited January 22, 2020 by tienda

[Shahud 1319]

On 11/28/2019 at 12:52 PM, Ardian1206 said:

Yes, it is clear that in bitcoin it is certainly a long time in withdrawing funds from our digital assets because of the mining process.  I think many sites provide fast and careful short-term withdrawals.

Yes.transactions takes a long is may be just thr issue of the exchanges.many other websites who provide us a

 very faser transactions service.

[Laboni 755]

Bitcoin is a digital currency and it works with blockchain. Bitcoin takes longer if the transaction is longer as a result of blockchain. There are also problems with the exchange at times but it is too late.

[Win 1015]

It is just the blockchain trafic its happen every time most specially when there is a lot of senders at that time.consider also the fee if it is a big fee it will be  the transaction take so long

[Rickso 768]

after you make a transaction it goes directly on the mempool, after that this transaction needs confirmation that happen every 10 min (on average). so technically the transactions are instant and the confirmations are slow.

[Akasshh 234]

See there are several reason for the transaction to take time in completion like sometime there would be a heavy traffic thats why it takes long time in completion of transaction,sometimes there would be slow internet connection,and there might be someother issues that makes the transaction to complete in few times.

[Usman Abdulmumin 354]

If you send bitcoin using blockchain wallet to blockchain wallet it won't take time to reflect,  most of the delay occur in the local wallet.

[Sapdrx 469]

In this article " 4 ways to speed up your bitcoin transaction " it says that most important are the fees you are willing to pay. The number of transactions per second is limited so a higher fee results in faster payment.

[vynz 540]

The transaction speed is slow because of both the number of transactions taking place and by design. With each new block coming every 10 minutes, the minimum amount of time a transaction can take is 10 minutes. A Bitcoin transaction generally needs 6 confirmations from miners before it's processed. The average time it takes to mine a block is 10 minutes, so you would expect a transaction to take around an hour on average.

[Kumar 260]

It takes so long because of the users which are increasing day by day but it's network is not updating but to tackle this gradually lighting network is introduced on which we can even sent 1 satoshi super fast.

[Ali_hmwi 966]

Yes you are right when i send bitcoin form wallet to other platforms it need all the time 10 minutes to be there i thanks good that not a day ☀ that will be really bad... best wishes thanks for sharing...

[Kawuak 142]

Just now, Shanto41 said:

It usually needs to be confirmed six times before a transaction can be finalized and sent to the recipient. When this is met with a high level of demand, it means that the transaction can take anywhere from 10 minutes to a day to clear up or in some cases to take longer.

You know things supposed to be follow due process as it is said by people scammer are every were the have to be confirmed yes it is you before finalizing and send to the recipient.

[Muskan7816 175]

I think there is no Bitcoin transaction so long because many people are not well aware of it when people are loving their interest in it.

[Sasaki 171]

I think because for security purposes it needs so many confirmations before the transaction become successful. 

[Maaz sultan 265]

On 11/28/2019 at 11:11 AM, Digicoin said:

Has to be confirmed six times before it is sent over to the recipient

Thats good for all the Bitcoin transitions that approved 6 times now i dont have any doubt  that may be my payment has lose when i Withdraw it .

[Ms.o 3322]

On 11/28/2019 at 3:25 PM, Warrior said:

Bitcoin has a biggest blockchain so for transportation this needs some confirmation and for these confirmation it's take so much time to confirm

Right,confirmation or transaction speed depends on how much transaction fees we pay,the higher the fees the faster our transaction will be.

[Dmasked 1840]

Bitcoin is always circulating and there are large number of transactions pending anytime that coupled by its need to be confirm six times takes the tansaction a long time to process somtimes.