Topic: bitcoin transactions - Slow OR Fast - page 22. (Read 40467 times)
I tried to transact or transfer some funds to my safety wallet and few days ago. i experience very fast transaction about 1 minute of transaction can be happen because instead of paying a default fee of 10k-20k sat in electrum i change it to 60k sat and the transaction base in my experience is minute because i just monitor if hows the speed right now because many updates happen with bitcoin..
No matter whether they are slow or fast. With in a few seconds you make a transaction, you can see that in the chain of transactions waiting to be approved or confirmed. But if we compare with other bank transactions Bitcoin transactions are very fast, we will get a confirmation message within a few minute.
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos 
to me the transaction of bitcoin is really too fast but in fact the verification process is really so, i think that issue must be solve on priority basis other wise it is really effecting the image of bitcoin as if you are going to trade something in bitcoin then you have to waif to hours for verification of transaction and that become a big problem then. I really appreciated the bitcoin transaction i did because its so fast specially when cashing it out through my wallet. The transaction only takes less than a minute if your net connection is stable and fast. I do last transaction loading my mobile # its so fast to send and can be used immediately. I am also planning to do trading altcoins for next month because i heard trading is really nice to do with fast bitcoin transaction as well and will gain good profit.
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos
to me the transaction of bitcoin is really too fast but in fact the verification process is really so, i think that issue must be solve on priority basis other wise it is really effecting the image of bitcoin as if you are going to trade something in bitcoin then you have to waif to hours for verification of transaction and that become a big problem then.
Well as for me...from my btc transaction made, i can say its fast for me, when transacting....but hoping in the future it will be more faster than this and be widely known and accepted.....
I think for the moment I feel pretty fast bitcoin transactions. but may vary at any time. if the current transaction that I do can take a maximum of 24 hours. fast enough in my opinion.
As long as it will not take days to transact, what is hours compared to other payment processor and I think we are the fastest and the safest because we are anonymous online and that adds security of being rob, we do not trust our information with others since we are decentralized here.
I think for the moment I feel pretty fast bitcoin transactions. but may vary at any time. if the current transaction that I do can take a maximum of 24 hours. fast enough in my opinion.
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos
Sometimes, Bitcoin transactions are slow but there are times that bitcoin transaction in my experience was fat. fast for wallet to wallet, and it depends on wallet you are using i think,
It doesn't depend on your wallet.
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos
Sometimes, Bitcoin transactions are slow but there are times that bitcoin transaction in my experience was fat. fast for wallet to wallet, and it depends on wallet you are using i think, sometimes you have to wait for the confirmation before you receive it. maybe it was just now, but sooner or later once bitcoins have fully introduce in the market, i know for sure.. transactions will become fast like a bullet train
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos
well when u use credit card or paypal, you still have to catch up with the bank later after your transaction. but in bitcoin, no catching up (unless u want to convert to traditional currency then yes).
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos
If we compare all online payment methods then bitcoin is not the faster nor the slowest one, so in average bitcoin is pretty good fast and not slow, but we know that there are much faster ways like credit cards, paypal etc which are instant.
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos
Most credit card providers can process about 2000 transactions per second, bitcoin can currently handle about 1.5 transactions a second so there's the difference. Still nothing wrong with the speed of bitcoin to me.
in the present day bitcoin transaction is slow.but if u are comparing that with credit card transaction it is too slow ..it may take some while to cope up with the same transaction speed with that of bitcoin .well i can assure that in the near future people will transact through bitcoins and it will be same as the bitcoin transaction and convinient too ..kudoos
In my opinion, bitcoin transaction is fast because in less than an hour I could already received the payments sent to me. and for me as a customer, i dont mind waiting for just a couple of minutes as lobg as i purchase what i want, then it will be fine.
but if you compared with another payment system, the bitcoin transactions is slow, and this led to the offline store owner think again to accept payments through bitcoin. In my opinion, bitcoin transaction is fast because in less than an hour I could already received the payments sent to me. and for me as a customer, i dont mind waiting for just a couple of minutes as lobg as i purchase what i want, then it will be fine.
I heard that we can cancel bitcoin transaction only in first ten minute after that no one can cancel bitcoin transaction. If the customers are really crowd it is need faster bitcoin transaction. I hope there sre some genious people who make it faster. You can't cancel a transaction, if you put a low fee, after some days the transaction will return to you wallet if was not processed.
Yes you can use the double spend with a higher fee to cancel the first one however you will spend the same ammount anyway.
In my opinion, bitcoin transaction is fast because in less than an hour I could already received the payments sent to me. and for me as a customer, i dont mind waiting for just a couple of minutes as lobg as i purchase what i want, then it will be fine.
I heard that we can cancel bitcoin transaction only in first ten minute after that no one can cancel bitcoin transaction. If the customers are really crowd it is need faster bitcoin transaction. I hope there sre some genious people who make it faster. You can't cancel a transaction, if you put a low fee, after some days the transaction will return to you wallet if was not processed.
Yes you can use the double spend with a higher fee to cancel the first one however you will spend the same ammount anyway.
In my opinion, bitcoin transaction is fast because in less than an hour I could already received the payments sent to me. and for me as a customer, i dont mind waiting for just a couple of minutes as lobg as i purchase what i want, then it will be fine.
I heard that we can cancel bitcoin transaction only in first ten minute after that no one can cancel bitcoin transaction. If the customers are really crowd it is need faster bitcoin transaction. I hope there sre some genious people who make it faster. You can't cancel a transaction, if you put a low fee, after some days the transaction will return to you wallet if was not processed.
Yes you can use the double spend with a higher fee to cancel the first one however you will spend the same ammount anyway.
In my opinion, bitcoin transaction is fast because in less than an hour I could already received the payments sent to me. and for me as a customer, i dont mind waiting for just a couple of minutes as lobg as i purchase what i want, then it will be fine.
I heard that we can cancel bitcoin transaction only in first ten minute after that no one can cancel bitcoin transaction. If the customers are really crowd it is need faster bitcoin transaction. I hope there sre some genious people who make it faster. hero member
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In my opinion, bitcoin transaction is fast because in less than an hour I could already received the payments sent to me. and for me as a customer, i dont mind waiting for just a couple of minutes as lobg as i purchase what i want, then it will be fine.
I heard that we can cancel bitcoin transaction only in first ten minute after that no one can cancel bitcoin transaction. If the customers are really crowd it is need faster bitcoin transaction. I hope there sre some genious people who make it faster. really? because as far as i know, if we click the send button, then the amount is actually send and have seen by the network and we can not get our bitcoin back. but if this is true, then i think this can be use for people which have to make send into wrong address so they can fix the address and start to send into the right address.
In my opinion, bitcoin transaction is fast because in less than an hour I could already received the payments sent to me. and for me as a customer, i dont mind waiting for just a couple of minutes as lobg as i purchase what i want, then it will be fine.
I heard that we can cancel bitcoin transaction only in first ten minute after that no one can cancel bitcoin transaction. If the customers are really crowd it is need faster bitcoin transaction. I hope there sre some genious people who make it faster. Jump to: