Longest transaction confirmation time?

Ibrahim60

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

Transaction speed depends upon transaction fees. It is called gas fee. If you choose low gas fee then it took much time to confirm a transaction. In the present time gas fee is high. Sometimes it is unbearable. For delay transaction something we need to face problem. If anyone need immediate money then he faced trouble for slow transaction.

dimonstration

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Quote from: Question123 on March 06, 2021, 08:56:59 AM

There is some user who experienced few days before their transaction will be confirmed because we know once bitcoin is high it's need time to confirm it and also depende to the transaction fee you set or you pay the higher the fee the faster confirmation but if it's low for sure it is low priority and it takes few hours upto few days and I experienced last week few days transaction and that day I badley need money but I don't have any choice so I wait to confirmed it.

It's quite frustrating when we really need the money but it took too long for it to be processed that's why sometimes I prefer p2p transactions whenever I want to cashout, Binance have this feature but still needs for confirmation processes. We need to find other ways when the gases were too high and the price of BTC is also high since transactions will truly can lead to slower speed due to bulk traffic it receives.

bitzizzix

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Slow transaction confirmation can also be caused by high demand for bitcoin transactions and the limited number of bitcoins available like any other resource.
and transaction costs also greatly affect the speed of transactions, the higher the transaction costs, the faster the transaction process and vice versa, and in transaction queues miners tend to prioritize higher transaction costs because miners also need funds to perform calculations, both in terms of energy and electricity.

Ultegra134

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

The max I've waited for 1 confirmation was more than 24 hours, had also used a relatively low fee too. I'd guess, depending on the network situation now to wait at least a day for your transaction to be confirmed. I've also used a free accelerator I had found, not sure if they actually do anything, but I'd try them if I were you.
https://btcnitro.com/
https://www.viabtc.com/tools/txaccelerator?lang=en_US

Question123

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There is some user who experienced few days before their transaction will be confirmed because we know once bitcoin is high it's need time to confirm it and also depende to the transaction fee you set or you pay the higher the fee the faster confirmation but if it's low for sure it is low priority and it takes few hours upto few days and I experienced last week few days transaction and that day I badley need money but I don't have any choice so I wait to confirmed it.

trumpcoiner

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Quote from: Kelvinid on March 01, 2021, 06:32:17 PM

Quote from: sheenshane on March 01, 2021, 05:56:44 PM

Quote from: trumpcoiner on March 01, 2021, 04:43:07 PM

I am very cheap with fees. I've been waiting since Feb 16 for a BTC transaction that I sent from 1 wallet to another. The fee was 8 sats/byte. I'll report back when it confirms because this is already a record long (13 days)

Your transaction fee with 8 sats/byte is quite low, presumably that during the days you'd make a transaction is a peak day of the mempool network.
However, it barely happens that the mempool network will drop transactions, it's commonly be confirmed but it will take approximately 2 weeks for you to wait. Just keep trying to accelerate your transaction using Bitcoin accelerators, it might help if you get lucky and I suggest using ViaBTC as I have heard, they owned mining pools.

Let us know here if ever your transaction will beyond 14 days.

I used to pay 25sats but still, it takes longer to confirm. That much longer if we only pay 8sat, but probably 14 days is not enough as the fees for now still high.

What I can suggest to OP is to increase the fee( last option), 35-40 sats is fair enough for the miner to prioritize it but of course, it can't be instant confirmation, we still are expecting hours. This be easy when using an Electrum wallet.

My 8 sats/byte transaction from Feb 16 just got confirmed a few hours ago.

The funny thing is that I've been doing 20 sats/byte on other transactions and those are only taking 12-36 hours. Can't believe this one took 3 weeks!

Vishnu.Reang

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There is no harm in waiting for some time. I am closely following the average transaction fee for the last few days, and yesterday I saw transactions with fee less than 10 Sat/Byte getting confirmed almost instantly. But right now the average fee is almost 10 times that amount. Those who want to get their transactions confirmed can pay a high fee right now. On the other hand, if you can wait a couple of days, then you can pay one-tenth of that amount and get your transactions confirmed.

lidibibi

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I got like 2 days once. Don't worry. Just wait. It will confirm eventually, even if you paid very low fees.

Rexler

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

Bitcoin transactions are categorized by priority, normal, and low, you probably picked the low and used a small amount of fee to move your bitcoin, the last time I did that it took over a week plus before I could the bitcoin got to the destination and bitcoin was trading at $14k+ during that time, now it has risen up to $40k+ who knows how long its going to take , since you have already sent out the bitcoin, you can try using a bitcoin transaction accelerator, I don't know but it helps out a little.

Wesleyeric

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It is well known that all transactions is depending on the fees, but sometimes transactions is faster if when it a lower fees use, like the regular fees, well it depending on how fast you want to the coin to deliver, Use a better fees if you want your transactions to Comfirm faster. Every transaction is depending on how the individual set there fee.

maxreish

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

Always depends on fees you have chosen. If you were able to chose highest fee then miners will prioritize your transaction and will received your btc instantly. As far as I've experienced before, it took me 3, days before I received my bitcoin. That time, I have chosen the cheapest fee and bitcoin skyrocketed that time.

Anyway, you can just wait for that to confirm. That will take some days for sure.

Kelvinid

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Quote from: sheenshane on March 01, 2021, 05:56:44 PM

Quote from: trumpcoiner on March 01, 2021, 04:43:07 PM

I am very cheap with fees. I've been waiting since Feb 16 for a BTC transaction that I sent from 1 wallet to another. The fee was 8 sats/byte. I'll report back when it confirms because this is already a record long (13 days)

Your transaction fee with 8 sats/byte is quite low, presumably that during the days you'd make a transaction is a peak day of the mempool network.
However, it barely happens that the mempool network will drop transactions, it's commonly be confirmed but it will take approximately 2 weeks for you to wait. Just keep trying to accelerate your transaction using Bitcoin accelerators, it might help if you get lucky and I suggest using ViaBTC as I have heard, they owned mining pools.

Let us know here if ever your transaction will beyond 14 days.

I used to pay 25sats but still, it takes longer to confirm. That much longer if we only pay 8sat, but probably 14 days is not enough as the fees for now still high.

What I can suggest to OP is to increase the fee( last option), 35-40 sats is fair enough for the miner to prioritize it but of course, it can't be instant confirmation, we still are expecting hours. This be easy when using an Electrum wallet.

Rengga Jati

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

I ever did more than this, sending BTC into an exchange wallet and needs more than 48 hours to arrive at the wallet exchange. I used the standard transaction fee.
'This is one of the risks for us to use the standard fee, moreover when the traffic is high. When the price of BTC is increasing, commonly the traffic will be busier, so it is better to add the fee even it is higher for the shake of speed transfer.
So, if there is a button edit of the fee, it is better to increase it because mostly, the fee rate will be also increasing during the transaction.

sheenshane

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Quote from: trumpcoiner on March 01, 2021, 04:43:07 PM

I am very cheap with fees. I've been waiting since Feb 16 for a BTC transaction that I sent from 1 wallet to another. The fee was 8 sats/byte. I'll report back when it confirms because this is already a record long (13 days)

Your transaction fee with 8 sats/byte is quite low, presumably that during the days you'd make a transaction is a peak day of the mempool network.
However, it barely happens that the mempool network will drop transactions, it's commonly be confirmed but it will take approximately 2 weeks for you to wait. Just keep trying to accelerate your transaction using Bitcoin accelerators, it might help if you get lucky and I suggest using ViaBTC as I have heard, they owned mining pools.

Let us know here if ever your transaction will beyond 14 days.

Vaskiy

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Myself experienced much delay in the transaction confirmation during my starting days of cryptocurrency usage. By the time I learnt to make transaction, but I don't know this transaction fee will make delay in the confirmation causing the deposit/transfer. I don't know the fee and the transaction amount, but it took more than a week to get it confirmed.

trumpcoiner

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I am very cheap with fees. I've been waiting since Feb 16 for a BTC transaction that I sent from 1 wallet to another. The fee was 8 sats/byte. I'll report back when it confirms because this is already a record long (13 days)

Trinx01

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My longest transaction confirmation is about 8-9 hours, I have sent a certain amount of bitcoin in my Electrum wallet and I just got worried about my transaction because most of the time whenever I transfer bitcoin in my electrum, it only takes 2-3 hours but last week is really different because it takes more than that time, so I double-check my transaction details and I have seen that all the information or the wallet address is correct maybe there is just huge traffic that time.

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

Back in 2017, one of my transactions got stuck for around 6-7 days. The transaction never got confirmed and after a week, the coins were returned to the originating wallet. And recently, in January one of my transactions took almost 24 hours to get confirmed. The transaction fee is quite volatile right now. So in case you have put a low fee by mistake, then you may need to wait for a few days. The Mempool size is also getting bigger. Last time I checked, it was around 72 MB.

Cihuy182

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What wallet are you using? Some wallets will rebroadcast the transactions till it confirms so it never gets dropped.

Are you using 0.00010934BTC/KB or is that the total fee paid? If it's per KB, then it could be confirmed within a reasonable period of time.

rodskee

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

depend on How much fee you used, I remember experimenting last January when i Put 1 Sat per Byte in the middle of congestion and guess what ?

How long does it take? almost forever Grin

for 8 days i have been waiting , and after that long i decided to add fees because i was thinking that if i do no action this will
take another 15 days and waiting will be so much long .

Now i learn my lesson to use the Highest fee , or suffer the waiting in lower fees.

Fredomago

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Quote from: MCobian on February 23, 2021, 08:25:45 PM

Waiting for transaction confirmation is indeed an annoying thing, especially if we having paid a higher fee.

Yes indeed! annoying especially if you are really in need of funds that's why you pay for much higher fees.

Quote

I once waited for almost 10 hours to finally get confirmation, after arriving at the wallet the Bitcoin price had dropped.

Additional problem, as volatility kills the fun, but if things went to you favor that's another story.

Quote

So I also couldn't immediately cashout, because I had to wait for the Bitcoin price to rise first. But there really isn't much we can do, apart from being patient.

Nothing you can do, if you don't want to lose the amount of your expected value, you needed to wait for the bounce.

MCobian

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Waiting for transaction confirmation is indeed an annoying thing, especially if we having paid a higher fee. I once waited for almost 10 hours
to finally get confirmation, after arriving at the wallet the Bitcoin price had dropped. So I also couldn't immediately cashout, because I had to
wait for the Bitcoin price to rise first. But there really isn't much we can do, apart from being patient.

Oceat

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Quote from: Questat on February 23, 2021, 06:09:23 PM

That is really annoying to wait that long, and even me, I'd wait 2-3 days before it arrives. That will be okay for me since I know the consequences of paying small fees but it could be very disappointing when you are in a hurry and there is a price that we need to catch, we might miss it for sure.

Anyways, I have once tried to use transaction accelerator, I can't say it really works for all transactions because it also matters on the fees. May you have to try it or have to wait for its confirmation.

Yeah, right, waiting for transaction to be confirm is a hassle especially if you are in a hurry but if you just traded those Bitcoin and set a low fee the consequences is always to wait until it's confirmed there's nothing we can do. I myself suffer this though for a almost a week when Bitcoin suddenly surge up my confirmation time is getting higher and higher and it's really stressful sometimes.

I haven't tried that transaction accelerator yet but if I would maybe that would work because tx fees always matters first.

arbmarket

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I tried the accelerator. I am really annoyed because I paid a higher fee to withdrawal from an exchange expecting to get it within an hour.

Still not confirmed and of course the price is down 15% from where I wanted to cash out.

Questat

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That is really annoying to wait that long, and even me, I'd wait 2-3 days before it arrives. That will be okay for me since I know the consequences of paying small fees but it could be very disappointing when you are in a hurry and there is a price that we need to catch, we might miss it for sure.

Anyways, I have once tried to use transaction accelerator, I can't say it really works for all transactions because it also matters on the fees. May you have to try it or have to wait for its confirmation.

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Quote from: Leviathan.007 on February 23, 2021, 02:26:09 PM

Confirmation time depends on the network situation, currently due to huge price movement and the emotional atmosphere is the market, many people are moving their bitcoins and this will make the network crowded. whenever this happens, you will need to pay more transaction fee to make your transaction get confirmed faster.

And right now he is in the priority of 33588/177699. That's a long way to go. It will change. And also he can use free accelerator - https://bitaccelerate.com/ . Enter his tx id for free. If he can't wait, just add more fee as it is RBF enabled.

https://blockchair.com/bitcoin/transaction/4ee160ca1bb5a2cd05fcfe6477c14e8c66a240cac7b7c2c968ad0dd6b5f384c4

Lauren Smith

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3.5 hours isn't too bad. I have not been sending bitcoin lately so I don't know the transaction time but in 2017 It took a week and one took over a week. It worried me but I knew it would eventually go through or reject which is very annoying since you lose your fees. You can't really trade with bitcoins it takes much too slow and costs far too much. Better to use other currencies with next to no fee. Just hodl your bitcoins for now I think.

Leviathan.007

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Confirmation time depends on the network situation, currently due to huge price movement and the emotional atmosphere is the market, many people are moving their bitcoins and this will make the network crowded. whenever this happens, you will need to pay more transaction fee to make your transaction get confirmed faster.

BlackHatCoiner

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Well 10k sasoshis in total, aren't few. You should get your transaction confirmed within the next 12 hours, if it's not already. Otherwise, if your wallet supports RBF (replace by fee) you can "double-spend" your transaction with another using higher fee.

Quote from: DarkDays on February 23, 2021, 05:37:00 AM

Check the gas used. This has sky rocketed and it might be because you have not used the fastest speed (which at the moment is hundreds of $$$). If your transaction hasn't yet been cancelled you can try to speed it up. Good luck.

For what "gas" are you referring to? This is Bitcoin, not ethereum.

passwordnow

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It's still unconfirmed. What wallet do you use?

Quote from: ranochigo on February 22, 2021, 11:49:41 PM

Some wallets will rebroadcast the transactions till it confirms so it never gets dropped.

True, some wallets allows you to do this and increases the fee. I've done that before and very effective for transactions that have been in the waiting time for hours.

DarkDays

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

Check the gas used. This has sky rocketed and it might be because you have not used the fastest speed (which at the moment is hundreds of $$$). If your transaction hasn't yet been cancelled you can try to speed it up. Good luck.

posi

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Quote from: ?? on ??

If you really want to get your transactions through fast then avoid low fees, when the network is congested any little low fees can lead to long time confirmation time until the network is free then the transaction can be harsh by miners.

You are right about avoiding low transactions but the OP may also pay ridiculous transactions if he doesn't know how to avoid paying a low tx fee base on the mempool status cause the input and output number is also needed to be put into consideration.
With that been said, the 0.00010934 BTC paid by the OP is still good currently for the transaction carried out by the Segwit address but I will advise OP to use https://btc.network/estimate for transaction estimate to avoid this kind of issue in the future if https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),8h look complicated.

Innerpumper

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That happens because the blockchain network is too dense on bitcoin. If the receive address is correct, you don't have to worry. And if you look at the bitcoin blockchain you are already at the recipient's address but not on the exchange. Try to ask cs, they can help you.

jacobjorden

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

On an average 10 min, If several hours have passed without your Bitcoin transaction being confirmed, just wait. If more than 72 hours have gone by without confirmation, resend your transaction.

tranthidung

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Quote from: arbmarket on February 23, 2021, 12:00:25 AM

Quote from: ranochigo on February 22, 2021, 11:49:41 PM

Quote from: arbmarket on February 22, 2021, 10:00:17 PM

What is the longest I should wait?

What wallet are you using? Some wallets will rebroadcast the transactions till it confirms so it never gets dropped.

Are you using 0.00010934BTC/KB or is that the total fee paid? If it's per KB, then it could be confirmed within a reasonable period of time.

Here is the transaction https://www.blockchain.com/btc/tx/4ee160ca1bb5a2cd05fcfe6477c14e8c66a240cac7b7c2c968ad0dd6b5f384c4

Your transaction was broadcasted with good fee rate and it will be confirmed today or tomorrow. Bitcoin was fallen a lot yesterday and there will be less panic on the market next few days and cheaper fees will be available. Your transactions at at top of the mempool and won't be stucked for a long time.

If you want to check mempool, go with https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),8h

One bitcoin block will take 1 MB (virtual byte) from the tip of mempool (in the third chart). Your fee rate (77 sat/vbyte) is about 8 to 9 blocks from the tip of mempool as of writing.

ranochigo

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Quote from: arbmarket on February 23, 2021, 12:00:25 AM

Here is the transaction https://www.blockchain.com/btc/tx/4ee160ca1bb5a2cd05fcfe6477c14e8c66a240cac7b7c2c968ad0dd6b5f384c4

It has RBF enabled. If you want it to be confirmed faster, you can increase the fees by executing a RBF transaction to replace it with another transaction with a higher fee.

Your transaction is roughly 10vMB below the tip of the mempool with 77satoshis/vbyte. It can be confirmed in a day or two if the transaction volume drops. I would recommend you to wait.

arbmarket

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Quote from: ranochigo on February 22, 2021, 11:49:41 PM

Quote from: arbmarket on February 22, 2021, 10:00:17 PM

What is the longest I should wait?

What wallet are you using? Some wallets will rebroadcast the transactions till it confirms so it never gets dropped.

Are you using 0.00010934BTC/KB or is that the total fee paid? If it's per KB, then it could be confirmed within a reasonable period of time.

Here is the transaction https://www.blockchain.com/btc/tx/4ee160ca1bb5a2cd05fcfe6477c14e8c66a240cac7b7c2c968ad0dd6b5f384c4

ranochigo

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

What is the longest I should wait?

What wallet are you using? Some wallets will rebroadcast the transactions till it confirms so it never gets dropped.

Are you using 0.00010934BTC/KB or is that the total fee paid? If it's per KB, then it could be confirmed within a reasonable period of time.

dothebeats

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Quote from: arbmarket on February 22, 2021, 10:18:41 PM

0.00010934 BTC

That's below the current average fee rate right now, though hang tight and some miners might include it already in their blocks knowing that it's not too low of a fee after all. As SquirrelJulietGarden pointed, you can do the options below if the transaction is significant, and you are willing to pay for extra fee in order to bump the priority of your transaction.

You can also use accelerators, though I highly doubt that at this point in time their are useful enough to be considered as an option, but it's worth a try.

arbmarket

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SquirrelJulietGarden

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Quote from: arbmarket on February 22, 2021, 10:00:17 PM

I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

Which fee rate you used for your unconfirmed transactions?

Bitcoin rose and fell a lot past days and people used high fee rates for their transactions. Yours will be stucked in the list of unconfirmed transactions in the mempool if you used very low fee rate.

Yours might be dropped from mempool after 14 days.

Did you mark your transaction as RBF, Replace-by-Fee? If you marked it as RBF, you can Bump your fee. If you did not mark it, you can use Child Pay for Parent.

arbmarket

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I moved some BTC over 3.5 hours ago and it still doesn't have 1 confirmation.

What is the longest I should wait?

Topic: Longest transaction confirmation time? (Read 376 times)