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Author: Admin | 2025-04-27
Welcome fren! How long does Bitcoin take to send? It depends. An annoying answer we know, why can’t there just be a simple one line answer! But in Bitcoin land transactions are done a bit differently and for good reasons!You have to understand the simple process, as otherwise you’ll be literally flushing your bitcoins down the toilet.How Long Does Bitcoin Take To Send?How Do Bitcoin Transactions Work?Factors That Influence Bitcoin TransactionsWhat Is The Bitcoin Mempool?Bitcoin Transaction FeesBitcoin Transaction ConfirmationsHow Many Confirmations Is Needed For A Bitcoin Transaction?How To Check Bitcoin Transaction TimesHow To Speed Up Bitcoin TransactionsWill Bitcoin Transactions Ever Be Faster?The Athena AssessmentFAQBitcoin transactions are generally considered completed once they have been confirmed in 1-6 blocks. As each block on average takes 10 minutes to be confirmed into a new block by the Bitcoin Mining process, this means your transaction will take anywhere from 0-60 minutes on average to be completed.You can confirm that someone has sent you your bitcoins virtually instantly as transactions are broadcast to the entire network openly. We have a full guide outlining exactly how to do this in our How To Confirm A Bitcoin Transaction post. However it can take a few minutes for that broadcast transaction to be “confirmed” and locked into the Blockchain forever.How Do Bitcoin Transactions Work?As the Bitcoin network is a public, open protocol, you don’t login to a central authority like a bank website when sending a transaction. Instead, you use a Bitcoin Wallet to broadcast your transaction to the Bitcoin network.First your wallet software signs the transaction using your Private Key. This lets the network know that you have the right to spend those bitcoins and that you’re reassigning ownership of your bitcoins to someone else.After this, your Bitcoin wallet software connects to a Bitcoin Node and broadcasts your transaction to the network.A Bitcoin node broadcasts a transaction to the Bitcoin networkAs your new transaction is received by other nodes, they also share it with all their peers until the entire network has a copy of it.Any node that receives a new transaction broadcasts it to all of its peersAs each node receives the new transaction, they place it into their mempool for processing.Factors That Influence Bitcoin TransactionsThe main things that influence the speed of a Bitcoin transaction are:How busy the Bitcoin Mempool isThe Bitcoin Transaction Fees that you setThe hash rate of the Bitcoin networkAs the hash rate is relatively stable – at least over short periods of time – this means that the biggest factors are how full the mempool is and what you set the fee to.What Is The Bitcoin Mempool?Once nodes receive your transaction it goes into what’s called the memory pool or “mempool” for short. The Mempool is where all Bitcoin transactions go to get confirmed into the blockchain.Bitcoin Miners take transactions from this mempool and bundle them together into a block when they mine it. Once your transaction has been confirmed into a block on the blockchain it is stored there forever.Mempool.space
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