Key Takeaways. In most cases, Bitcoin transactions need 1 to 1.5 hours to complete. Bitcoin transactions will usually be confirmed with one confirmation within 10 minutes. If several hours have passed without your Bitcoin transaction being confirmed, just wait.
Why are blockchain transactions slow?
Network Latency: The time it takes for information to travel from one node to another in the blockchain network can contribute to transaction delays. Smart Contract Complexity: Transactions involving complex smart contracts may require more computational resources, leading to longer processing times.
How long does Bitcoin blockchain processing take?
Each block is mined at a different rate, depending on the blockchain. For example, on the Bitcoin blockchain, a block is mined on average every 10 minutes, and Nexo only credits Bitcoin deposits to a client's account after a minimum of 3 confirmations, which takes approximately 30 minutes.
How long can a Bitcoin transaction be stuck?
Now that there's huge congestion in the Bitcoin blockchain network some transactions could remain unconfirmed for 2 weeks depending on the transaction fee, and the mempool status. A Bitcoin transaction can remain unconfirmed forever if your miner fee bid is too low.
What is the longest time for a Bitcoin transfer?
How Long Does It Take to Send Bitcoin? The total time it takes for BTC to be sent and received varies from transaction to transaction. Bitcoin's transaction times can vary greatly, ranging anywhere from ten minutes to one day. However, it will usually take between thirty minutes and two hours to complete the process.
Why is my blockchain transaction taking long to confirm?
The time it takes a blockchain transaction to be confirmed depends on the fee used by the sender and the overall network traffic. It can also depend on the asset. Once a transaction is verified on the network, the pending tag will be removed.