Cryptocurrency Q&A
Why is sending Bitcoin so slow?
Why is sending Bitcoin so slow?
Alessandra
Sun Dec 01 2024
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6
answers
1420
I'm trying to send Bitcoin, but the transaction is taking way too long to complete. I've been waiting for hours and it still hasn't gone through. Why is sending Bitcoin so slow?
6 answers
Claudio
Tue Dec 03 2024
This is because miners receive rewards for processing transactions and are incentivized to choose those with higher fees.
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GeishaMelody
Tue Dec 03 2024
Bitcoin transactions can sometimes experience delays when the fee associated with them is low.
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CharmedFantasy
Tue Dec 03 2024
During peak network activity, many transactions are competing for processing.
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BonsaiVitality
Tue Dec 03 2024
Transactions with higher fees are prioritized by the network.
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Carlo
Mon Dec 02 2024
As a result, if your transaction fee is low, it may take longer to be processed.
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