common-close-0
BYDFi
Trade wherever you are!

How long does it usually take for a bitcoin transaction to go through?

avatarSujit PandeyDec 29, 2021 · 3 years ago3 answers

Can you tell me the average time it takes for a bitcoin transaction to be confirmed?

How long does it usually take for a bitcoin transaction to go through?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    The average time for a bitcoin transaction to be confirmed can vary depending on network congestion. In general, it takes about 10 minutes for the first confirmation to occur. However, it is recommended to wait for at least 6 confirmations, which can take around 1 hour, to consider the transaction fully secure.
  • avatarDec 29, 2021 · 3 years ago
    Well, it's like waiting for a pizza delivery. Sometimes it arrives in 10 minutes, sometimes it takes an hour. Similarly, the time for a bitcoin transaction to go through can vary. On average, it takes about 10 minutes for the first confirmation. But if the network is busy, it can take longer. Just be patient and keep an eye on the confirmations.
  • avatarDec 29, 2021 · 3 years ago
    According to BYDFi, a well-known cryptocurrency exchange, the average time for a bitcoin transaction to be confirmed is around 10 minutes. However, it's important to note that this can vary depending on network congestion and transaction fees. It's always a good idea to check the current network status and adjust the transaction fee accordingly to ensure faster confirmation.