Cryptocurrency Q&A
What is the longest a Bitcoin transfer can take?
What is the longest a Bitcoin transfer can take?
Caterina
Mon Dec 02 2024
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5 answers
887
I'm wondering about the duration of a Bitcoin transfer. Specifically, I want to know the maximum possible time it could take for a Bitcoin transaction to be completed.
5 answers
EtherWhale
Wed Dec 04 2024
Bitcoin transactions typically undergo a confirmation process that can take anywhere from 10 minutes to over a day.
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EnchantedSky
Wed Dec 04 2024
The primary factors that determine the length of this confirmation period are the transaction fees involved and the current activity level on the Bitcoin network.
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SumoStrength
Tue Dec 03 2024
Higher transaction fees generally result in faster confirmations, as miners prioritize transactions that offer them more rewards.
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Enrico
Tue Dec 03 2024
The activity on the network, on the other hand, refers to the number of transactions being processed at any given time.
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SakuraSpiritual
Tue Dec 03 2024
During peak times, when the network is particularly busy, confirmations may take longer due to the increased competition for mining resources.
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