What is the current average confirmation time for Bitcoin transactions?

3 answers

• kapnikosJun 14, 2024 · a year ago
  The current average confirmation time for Bitcoin transactions can vary depending on network congestion and other factors. On average, it takes around 10 minutes for a Bitcoin transaction to be confirmed. However, during times of high network activity, it can take longer. It's important to note that the confirmation time is not fixed and can change from block to block.
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• contaProgramDec 14, 2020 · 5 years ago
  The average confirmation time for Bitcoin transactions is approximately 10 minutes. This is because Bitcoin uses a proof-of-work consensus algorithm, which requires miners to solve complex mathematical problems to validate transactions and add them to the blockchain. The time it takes to solve these problems and confirm transactions contributes to the average confirmation time.
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• Conway MathewsNov 30, 2021 · 4 years ago
  According to BYDFi, a leading cryptocurrency exchange, the current average confirmation time for Bitcoin transactions is around 10 minutes. However, it's important to keep in mind that this can vary depending on network congestion and other factors. During times of high transaction volume, the confirmation time may increase. It's always a good idea to check the current network status and transaction fees before making a Bitcoin transaction.
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