Why transactions take so much time? | Bitcointalksearch.org

tabas

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Quote from: sehoon on September 18, 2019, 06:07:35 PM

Quote from: tabas on August 30, 2019, 07:46:07 AM

How would you feel if your transaction is stuck for more than an hour. I think that 5-30 minutes is a decent time to process your withdrawal. Unlike the experience that I have before, that waiting for me to be honest is acceptable.

Whenever my transactions take longer than usual, I always feel like I clicked or types something wrong during the transaction. And it happened to me ones. But other than that, I always received mine most of the time on time.

That incident that made you suspicious about longer transactions puts that idea on your mind that something must be wrong.
Well, the way to solve it is by just paying the right fee and if you want to accelerate it there's a way but much better to pay with high priority so that you will receive it earlier on time, this is an option though.

tunapa

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It happens sometimes , exchanges that are not majorly for trades are usually kind of slow for transactions , just for a little time as a result of network or users and requests !

Prateek_sharma

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Did you know? Litecoin Provides one of the fastest transactions services as compared to the other crypto

pandanaran

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as we know the network is slow because many users make transactions. in this case I think the time span is 5-30 minutes I think this is normal time and you have to be patient waiting for it. Or maybe you need to add additional fees to speed up the next transaction process.

BennyK

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Transactions take time because they need to be mined within the various blocks of series of pending transactions. Normally, to skip some of the blocks and get ones transaction verified at a fast pace, then one most increase the transaction fees. For ERC based tokens, you can always search for the current recommended or standard gas price to set in order to get transactions fast, average or slow at Ether Gas station.

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Quote from: retnoanjani on September 18, 2019, 06:59:09 PM

Quote from: imoet on September 18, 2019, 06:48:10 PM

If we know that it usually happen I think it's okay to wait just till 30 minutes. It happen a lot and it was not something really important to complain. Because sometimes the process will take hours or weeks. Just enjoy the process and everything Will get easy.

yes, 30 minutes is normal time. Transaction speed is directly proportional to the chosen fee. the higher the set fee, the higher the speed. do cryptocurrency transactions and exchanges should not be compared with exchanges in the real world that can be done instantly and quickly.

It takes a high fee so that the transaction becomes fast, I think in 30 minutes it's still reasonable to not need to be complained and just wait.

retnoanjani

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Quote from: imoet on September 18, 2019, 06:48:10 PM

If we know that it usually happen I think it's okay to wait just till 30 minutes. It happen a lot and it was not something really important to complain. Because sometimes the process will take hours or weeks. Just enjoy the process and everything Will get easy.

yes, 30 minutes is normal time. Transaction speed is directly proportional to the chosen fee. the higher the set fee, the higher the speed. do cryptocurrency transactions and exchanges should not be compared with exchanges in the real world that can be done instantly and quickly.

imoet

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Quote from: btc_love on August 30, 2019, 06:53:21 AM

Hello! To be honest, I'm so tired of waiting for transactions. I use changelly and I have to wait for my transaction for 5-30 minutes and that's exhausting. Do you know exchanges with faster transactions?

If we know that it usually happen I think it's okay to wait just till 30 minutes. It happen a lot and it was not something really important to complain. Because sometimes the process will take hours or weeks. Just enjoy the process and everything Will get easy.

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Quote from: Questat on September 18, 2019, 05:43:37 PM

Quote from: Juniness on September 18, 2019, 05:22:25 PM

Quote from: Galley on September 14, 2019, 12:39:47 PM

The time interval of 5-30 minutes, in my opinion, is more than an acceptable period of time. There were times when you had to wait much longer, it all depends on the network load or on the agility of managers in exchange.

I agree, now transactions are much faster, I remember when the transfer of bitcoin took more than a day , and now I receive transfers no more than an hour and it is very happy.

It sometimes it takes days to transfer our funds depending on the exchange that we are using and also the blockchain traffic. But if it takes weeks, there is something we to check either of the wrong address typed or there is a problem with the exchange or much worse if we have been hack just like it happens to me.

Will, it be glad for us to see an instant transfer at this time cause it merely to happen. I don't think that 1hr of waiting is really disappointing cause it for me, it is very considerable and we know the fact already.

BTC withdrawal in tradesat could take weeks based on my experience. I will never use that exchange again. They are using very small fee per byte and you are paying a lot more for their tx fee. So what the OP is complaining about should not really be of a big deal. That duration is already a blessing for him. And if he wants much faster than that, maybe choose an option of paying higher fee if the exchange is offering such option.

sehoon

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Quote from: tabas on August 30, 2019, 07:46:07 AM

How would you feel if your transaction is stuck for more than an hour. I think that 5-30 minutes is a decent time to process your withdrawal. Unlike the experience that I have before, that waiting for me to be honest is acceptable.

Whenever my transactions take longer than usual, I always feel like I clicked or types something wrong during the transaction. And it happened to me ones. But other than that, I always received mine most of the time on time.

ije07

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If you do transactions using several exchanges, of course it is all in accordance with the policies they provide, because my experience is also the same in terms of making transactions in one market such as STEX, they are very long when we want to make transactions on Ethereum, in fact I need more than 3 hours to be able to enter other markets (maybe due to network problems) this can also happen, see everything, so we better choose a market that has a very fast transaction speed, please explore this policy.

Questat

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Quote from: Juniness on September 18, 2019, 05:22:25 PM

Quote from: Galley on September 14, 2019, 12:39:47 PM

The time interval of 5-30 minutes, in my opinion, is more than an acceptable period of time. There were times when you had to wait much longer, it all depends on the network load or on the agility of managers in exchange.

I agree, now transactions are much faster, I remember when the transfer of bitcoin took more than a day , and now I receive transfers no more than an hour and it is very happy.

It sometimes it takes days to transfer our funds depending on the exchange that we are using and also the blockchain traffic. But if it takes weeks, there is something we to check either of the wrong address typed or there is a problem with the exchange or much worse if we have been hack just like it happens to me.

Will, it be glad for us to see an instant transfer at this time cause it merely to happen. I don't think that 1hr of waiting is really disappointing cause it for me, it is very considerable and we know the fact already.

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Quote from: Juniness on September 18, 2019, 05:22:25 PM

Quote from: Galley on September 14, 2019, 12:39:47 PM

The time interval of 5-30 minutes, in my opinion, is more than an acceptable period of time. There were times when you had to wait much longer, it all depends on the network load or on the agility of managers in exchange.

I agree, now transactions are much faster, I remember when the transfer of bitcoin took more than a day , and now I receive transfers no more than an hour and it is very happy.

For accelerating the Bitcoin transactions there are several Bitcoin accelerator services without zero-fee. For the fast transaction using the Dogecoin and XRP will save your day and you can later convert your Dogecoin to the Bitcoin at another exchange. For building the altcoin portfolio, you must move your Bitcoin among the well-known altcoin exchanges and due to these purpose traders look for a cost-effective, efficient solution. Faster transfers are good for catching the price swings if the trader has such persistence. Low volume coins are not suitable for transferring the crypto trading earnings but using the stable coins will take more time than using the Litecoin or XRP whic takes maximum 10 minutes of the configuration-confirmation time from my experience.

Juniness

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Quote from: Galley on September 14, 2019, 12:39:47 PM

The time interval of 5-30 minutes, in my opinion, is more than an acceptable period of time. There were times when you had to wait much longer, it all depends on the network load or on the agility of managers in exchange.

I agree, now transactions are much faster, I remember when the transfer of bitcoin took more than a day , and now I receive transfers no more than an hour and it is very happy.

tabas

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Quote from: muksal on September 18, 2019, 04:07:10 PM

I think if it only takes 5-30 minutes for a transaction is very normal because each transaction requires a queue until the transaction that we make is immediately completed. and may be caused by a network that is busy because the network can also affect the speed of the transaction process, so my advice is to be more patient in conducting transactions because my experience has been to wait up to 1 hour to complete 1 transaction process.

It's very normal and I've told him that there were transactions stuck between 1 hr and more than that. There are other altcoins that are almost instant but I don't prefer using them, I'd like to support bitcoin and take 5-30 minutes of transactions and wait.
Compare to the traditional waiting time of sending payments online, the original period of time would be days.

boltz

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Transaction on what coin ? Bitcoin ? This is an altcoin section mate so next time even use your own wallet or stop complaining just because you did a mistake holding your coins in a no name exchange. I don't know what exchange are you talking about but for sure it is not in top 3 exchanges.

muksal

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Quote from: btc_love on August 30, 2019, 06:53:21 AM

Hello! To be honest, I'm so tired of waiting for transactions. I use changelly and I have to wait for my transaction for 5-30 minutes and that's exhausting. Do you know exchanges with faster transactions?

I think if it only takes 5-30 minutes for a transaction is very normal because each transaction requires a queue until the transaction that we make is immediately completed. and may be caused by a network that is busy because the network can also affect the speed of the transaction process, so my advice is to be more patient in conducting transactions because my experience has been to wait up to 1 hour to complete 1 transaction process.

Galley

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The time interval of 5-30 minutes, in my opinion, is more than an acceptable period of time. There were times when you had to wait much longer, it all depends on the network load or on the agility of managers in exchange.

trauchot

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Quote from: btc_love on August 30, 2019, 06:53:21 AM

Hello! To be honest, I'm so tired of waiting for transactions. I use changelly and I have to wait for my transaction for 5-30 minutes and that's exhausting. Do you know exchanges with faster transactions?

If you mean withdrawing or depositing to various cryptocurrency exchanges, then of course it depends on when the employee of this exchange confirms your request and the congestion of the network itself, which is used to transfer cryptocurrencies also plays the most important role, because if the network is busy, you will have to wait a while, so you can always check the network load in the Internet before making a deposit or withdrawal of any funds.

cytpoway121

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Quote from: btc_love on August 30, 2019, 06:53:21 AM

Hello! To be honest, I'm so tired of waiting for transactions. I use changelly and I have to wait for my transaction for 5-30 minutes and that's exhausting. Do you know exchanges with faster transactions?

Before using other exchanges, why not find out why there was a congestion?
Sometimes it could be as a result of so many orders on Changelly
And sometimes it could just be etherum network

Topic: Why transactions take so much time? (Read 859 times)