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How long does a Bitcoin transaction take to expire?

avatarStenDec 26, 2021 · 3 years ago3 answers

Can you explain the expiration time of a Bitcoin transaction? How long does it typically take for a Bitcoin transaction to expire?

How long does a Bitcoin transaction take to expire?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    A Bitcoin transaction typically does not have an expiration time. Once a transaction is broadcasted to the Bitcoin network, it will remain valid until it is confirmed and included in a block. The confirmation process can vary in time, depending on the network congestion and the transaction fee paid. Generally, it is recommended to include a sufficient transaction fee to ensure timely confirmation.
  • avatarDec 26, 2021 · 3 years ago
    Bitcoin transactions do not have a fixed expiration time. However, if a transaction remains unconfirmed for a long period, it may be dropped from the mempool of nodes in the network. This can happen if the transaction fee is too low or if there is a high volume of transactions competing for limited block space. To avoid potential expiration, it is advisable to set an appropriate transaction fee based on the current network conditions.
  • avatarDec 26, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, Bitcoin transactions do not expire by themselves. However, if a transaction remains unconfirmed for an extended period, it may be considered invalid by some nodes in the network. To prevent this, it is important to include a reasonable transaction fee and monitor the network congestion. Additionally, using a SegWit-enabled wallet can help reduce transaction fees and increase the chances of timely confirmation.