What is the typical waiting time for a Bitcoin ATM transaction to be processed?
assi-assiaDec 29, 2021 · 3 years ago3 answers
When using a Bitcoin ATM, how long does it usually take for a transaction to be processed? I'm curious about the average waiting time from the moment I insert cash or scan my wallet QR code until the transaction is confirmed on the blockchain.
3 answers
- Dec 29, 2021 · 3 years agoThe typical waiting time for a Bitcoin ATM transaction to be processed can vary depending on several factors. Generally, it takes around 10-30 minutes for a transaction to be confirmed on the blockchain. However, during periods of high network congestion, it may take longer. It's important to note that the waiting time also depends on the transaction fee you choose to pay. Higher transaction fees can prioritize your transaction and speed up the confirmation process.
- Dec 29, 2021 · 3 years agoWell, it really depends on the specific Bitcoin ATM and the network conditions at the time. On average, it takes about 15-20 minutes for a Bitcoin ATM transaction to be processed. However, during peak times or when the network is congested, it can take longer. So, if you're in a hurry, it might be a good idea to check the current network status and choose a Bitcoin ATM that is known for faster transaction processing.
- Dec 29, 2021 · 3 years agoAccording to BYDFi, a popular digital currency exchange, the typical waiting time for a Bitcoin ATM transaction to be processed is around 10-20 minutes. However, this can vary depending on the network congestion and the transaction fee you choose to pay. It's always a good idea to check the current network status and choose a Bitcoin ATM that offers competitive transaction processing times.
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