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The Best Bitcoin Confirmations Slow of 2023 – Reviewed and Top Rated

After hours researching and comparing all models on the market, we find out the Best Bitcoin Confirmations Slow of 2023. Check our ranking below.

2,481 (random number) Reviews Scanned

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FAQ:

Q: Why is transaction confirmation so slow in Bitcoin?

A: However, there are several other reasons for the slow speed of transaction confirmation. Once an unconfirmed transaction is waiting around in the Mempool queue, the miners are more likely to pick up the transactions with a high transaction fee. Why so?

Q: Where can I find confirmation of a bitcoin transaction?

A: You can check your transaction’s confirmation status and other payment details on any blockchain explorer (like BitPay’s block explorer Insight ). Look up your transaction using your transaction ID or the sending or receiving bitcoin addresses, which can all be found in your bitcoin wallet that sent the payment.

Q: What to do if your bitcoin transaction is still unconfirmed?

A: If your transaction is unconfirmed for hours, just wait. If more than 72 hours pass and your transaction still isn’t confirmed, you can re-send the transaction. We recommend using Electrum wallet, since it allows you to raise the fee on transactions if they get stuck.

Q: How long does it take to process a bitcoin transaction?

A: As compared to the average transaction speed of 10 largest cryptocurrencies, Bitcoin takes the longest time for processing. Ethereum usually takes around 6 minutes whereas coins like Ripple (XRP) or Stellar (XLM) take less than 5 seconds.

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