How Long Does a Bitcoin Transaction Take?

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2. How Long Does a Transaction Confirmation Take?

There are some great tools out there that can give you an estimate of the average time it’ll take to complete a BTC transaction or transfer, like Blockchain.com and Statista. You can also get guidance on the transaction fees you should add. often denoted in the form of satoshis.

If you submit a Bitcoin transaction with lower fees, you have a real risk of upsetting Bitcoin miners. They’ll throw a tantrum (or, in reality, will just ignore your lower transaction fees in favor of higher ones) and it’s possible your payment will end up languishing in a long list of unconfirmed transactions.

However, you shouldn’t worry too much, as it will get processed whenever there’s a massive lull on the Bitcoin blockchain and miners have nothing else to do.

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