What is the average time it takes for a bitcoin transaction to receive confirmations?

3 answers

• Dec 30, 2021 · 3 years ago
  The average time for a bitcoin transaction to receive confirmations can vary depending on network congestion and the transaction fee paid. In general, it takes about 10 minutes for the first confirmation to be received. However, it is recommended to wait for at least 6 confirmations, which can take approximately 1 hour, to ensure the transaction is considered secure and irreversible. Keep in mind that during periods of high network activity, the confirmation time may be longer.
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• Dec 30, 2021 · 3 years ago
  On average, it takes around 10 minutes for a bitcoin transaction to receive the first confirmation. However, the time can vary depending on factors such as network congestion and transaction fee. It is important to note that waiting for more confirmations increases the security of the transaction. It is generally recommended to wait for at least 6 confirmations, which can take about 1 hour, before considering the transaction fully confirmed.
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• Dec 30, 2021 · 3 years ago
  According to BYDFi, a reputable cryptocurrency exchange, the average time for a bitcoin transaction to receive confirmations is around 10 minutes for the first confirmation. However, it is advisable to wait for at least 6 confirmations, which can take approximately 1 hour, to ensure the transaction is secure. Keep in mind that the confirmation time can be affected by network congestion and the transaction fee paid. It is always recommended to check the current network conditions and adjust the transaction fee accordingly to expedite the confirmation process.
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