Topic: Why is BTC transaction so slow - page 3. (Read 604 times)
Actually spending more fees will do the trick and it will get your priority in time but I don't do such complain on such bitcoin transactions though. Some network as well are slow and having high fees as well are too much like Ethereum network for example. ETH network has high fees compared to bitcoin network.
I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.
To troubleshoot your bitcoin transaction, you should look bitcoin explorer first.
If the transaction has been confirmed on explorer, then it should be the exchange side which have problem.
Usually the transaction on bitcoin network need 10 minutes to be confirmed because bitcoin block time is 10 minutes.
I myself have experienced something like you, the transaction I did experienced obstacles but I don't think it's a problem, because when compared to ethereum the BTC network is much faster, maybe when you are making transactions at the same time the network being very crowded because many users are making transactions, but if you change the fee a little higher, then your transaction process is much faster,
slow compared to what?
most altcoins need more than 100 confirmations to ensure the second party that the transaction will not be reversed. These 100 confirmations need a time equal to 1 confirmation time in Bitcoin. The only difference is that these currencies disappear from your wallet automatically (because they were included in the block), but the transaction is not considered. Complete only after waiting for several blocks.
Another reason is that altcoins have many empty blocks while most of bitcoin blocks are full.
you and also try LN
most altcoins need more than 100 confirmations to ensure the second party that the transaction will not be reversed. These 100 confirmations need a time equal to 1 confirmation time in Bitcoin. The only difference is that these currencies disappear from your wallet automatically (because they were included in the block), but the transaction is not considered. Complete only after waiting for several blocks.
Another reason is that altcoins have many empty blocks while most of bitcoin blocks are full.
you and also try LN
I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.
Bitcoin confirmations may be slow due to the congested network, and when there are more transactions than can be processed, miners will prioritize the transactions with the highest fees.this means that lower fee transactions may take longer to confirm, I think most of the slow confirmations are caused by that problem.
Is this your first time to use bitcoin transaction? if that's true and i would not be surprised if you are feeling bad with how long the time is actually needed to deliver your transactions. Bitcoin is a bit better caused by the transaction fees are still rational unlike ethereum which is not even rational. I think that if you have been in the crypto since a long time ago and you may know if this is a usual thing in the bitcoin. Many people have been feeling better caused by bitcoin already got some solutions.
Don't you try to use bitcoin lightning network?
Don't you try to use bitcoin lightning network?
I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.
It's a common problem on the bitcoin network, however, if you want to speed up your transactions, you can add gas (sats/byte) to your transactions. In the trust wallet itself, you can find it on the gear icon after you determine to which address and how many bitcoins you want to send. No need to worry about what happened to you mate, make it an experience.
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It's caused by the capacity of bitcoin blocksize is small compared with the new altcoins that has been making so many improvements in this case. If you can't wait up to 5 minutes and it's better if you are converting your money from bitcoin to the another coin that has better scalability than bitcoin. Complaining about how slow bitcoin will never solve your problem and you can solve your problem by yourself. This is the best thing that can be done.
Your complaints meant nothing caused by that's bitcoin. It is still having limitation on its scalability
Your complaints meant nothing caused by that's bitcoin. It is still having limitation on its scalability
I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.
It's funny seeing post like this, when we all know that users have the opportunity of selecting the time frame on which their transactions could be completed. I want to believe you're not aware of this or you don't know that the transaction fee could be adjusted to enable your transaction complete speedily.
I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.
Well thats really it is. Adjust to a higher transaction fee if its slow. If you cant take the transaction fee on btc, then pick an altcoin faster than it. There is so much plenty of choices with faster transaction. In terms of this, btc well isnt gonna much on transactions cause theres too much usage on btc network but if you shift to altcoin youll find it faster. Thats the truth about blockchain, the more uses a certain network, it becomes slower. The reason why your transaction is slow because you're pay with small amount fee, if you increase it at the high priority, your transaction will got confirmed less than 5 minutes, see the mempool.space https://mempool.space/ if you want to set the fee.
However Trustwallet is suck closed source wallet and doesn't have feature to set your own fee based on sat/byte.
Nah, you are 100% wrong, Trust wallet automatically pay the transaction fee and I never adjusted it anyways, if this isn't from BTC itself then Trust wallet is to be blame, at first I sent 50$ worth of BTC with 0.15$, tell me how this isn't fair?. However Trustwallet is suck closed source wallet and doesn't have feature to set your own fee based on sat/byte.
Maybe when network transactions are congested, this has implications for transaction speed, but in my opinion Bitcoin transactions have been slow for a long time so it doesn't reflect speed anymore, but the solution is always trying to increase the transaction fee but be careful not to make the transaction fee more expensive than
So far I have not seen how fast transactions through the Bitcoin network are, but if you just wait for a few moments or hours and the transaction is successful at a very low cost, I think it is still a very normal thing to happen. Because dense transactions already have a slight delay when transacting, but they can still be used by those who are patient.
Transaction speed is not the only bad reason why bitcoin is foolish to use as a means of payment. Returning a purchase and its value is also very difficult because bitcoin is volatile. It seems to me that the best way to buy goods is to use fiat money or at least stablecoins, but definitely not bitcoin.
Maybe when network transactions are congested, this has implications for transaction speed, but in my opinion Bitcoin transactions have been slow for a long time so it doesn't reflect speed anymore, but the solution is always trying to increase the transaction fee but be careful not to make the transaction fee more expensive than
I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.
It's not worth imagining. When you can't think that you can increase your costs and check the current network health, don't think that you will be able to use it universally. While, for many people, it is viewed as a large speculative asset and is not always traded on a regular basis, user behavior will contribute to its value going up or down. It is not born to meet someone's needs but to solve a common problem in society. hero member
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I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.
What wallet do you use, then send your bitcoins to which exchange, because what I experienced was not so slow in the delivery process or transactions in bitcoin, almost what I've ever done is no more than 10 minutes, all transactions went quite well and haven't had any problems for now, can you tell me which wallet and exchange do you use to make transactions and send 
If you want it on an almost instant to an instant transaction, you really have to pay the priority fee but that's not really much at all. Always check if the network is clogged because that plays a part in why transactions are slow. But if there's no cause there then it's just usual that you've paid for a lower fee.
The reason why your transaction is slow because you're pay with small amount fee, if you increase it at the high priority, your transaction will got confirmed less than 5 minutes, see the mempool.space https://mempool.space/ if you want to set the fee.
However Trustwallet is suck closed source wallet and doesn't have feature to set your own fee based on sat/byte.
However Trustwallet is suck closed source wallet and doesn't have feature to set your own fee based on sat/byte.
I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.
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