What is the average time for bitcoin transaction confirmation?

3 answers

• Farukh KutlikovSep 28, 2023 · 2 years ago
  The average time for a bitcoin transaction to be confirmed can vary depending on network congestion and the fee attached to the transaction. On average, it takes around 10 minutes for a bitcoin transaction to receive its first confirmation. However, it is important to note that this time can be longer or shorter depending on the factors mentioned above. It is recommended to attach a higher fee to your transaction if you want it to be confirmed faster.
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• Nick SpenceJun 29, 2020 · 5 years ago
  Bitcoin transaction confirmation time can be a bit unpredictable. While the average time is around 10 minutes, it can sometimes take longer if the network is congested. If you want your transaction to be confirmed faster, you can try attaching a higher fee. Just keep in mind that the fee you attach should be reasonable and not excessive.
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• Schou HutchisonJul 05, 2024 · a year ago
  According to BYDFi, the average time for a bitcoin transaction to be confirmed is around 10 minutes. However, this time can vary depending on network conditions and the fee attached to the transaction. It is important to monitor the transaction status and adjust the fee accordingly to ensure faster confirmation.
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