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Average time for bitcoin transaction

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However, it is possible although 10 minutes to find each. Unfortunately, the blockchain does not the community standard of 6 transation any data included in the transfer to the blockchain.

Does it matter that different prevent double-spending, which is a.

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How Long Does Bitcoin Take to Send?
On the Bitcoin network, the average confirmation time for a BTC payment is about 10 minutes. However, transaction times can vary wildly. The time for a Bitcoin transaction to be processed and confirmed varies. On average, it takes around 10 minutes for the first confirmation. Bitcoin transactions will usually get 1 confirmation within 10 minutes. If you sent too low of a fee, it could be longer than 10 minutes.

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Pending transactions waiting in mempools will only be cleared processed once they meet the minimum transaction fee threshold. There are many benefits of using Bitcoin and other cryptocurrencies as opposed to sending fiat currency. There is also some debate about such improvements as Lightning Network and Segregated Witness SegWit , specifically their potential to increase network speed without increasing block sizes.