Bitcoin transactions take between 10 minutes to 1 hour to complete.
When you send Bitcoin from your wallet or a crypto exchange like ChicksX, the network needs to verify your transaction. This verification process involves multiple computers checking and confirming the transfer is valid.
The speed of your Bitcoin transaction depends on three main factors:
- Network traffic affects processing time. More people sending Bitcoin means longer wait times.
- Second, transaction fees matter. Higher fees make miners process your transaction faster.
- The number of confirmations needed varies by service. Some require one confirmation, others need six.
For small transactions, one confirmation takes about 10 minutes.
Larger transactions need more confirmations, usually taking 30 to 60 minutes. During busy times, transactions with low fees might take several hours.
