Cryptocurrency Q&A How do I expedite a Bitcoin transaction?

How do I expedite a Bitcoin transaction?

OceanSoul OceanSoul Thu Dec 05 2024 | 5 answers 1001
I need to speed up a Bitcoin transaction. I've heard there are ways to do it, but I'm not sure how. Can someone tell me the steps to expedite a Bitcoin transaction? How do I expedite a Bitcoin transaction?

5 answers

Maria Maria Sat Dec 07 2024
One common reason for a transaction to get stuck is setting a custom fee that is too low. When the fee is insufficient, the transaction may not be prioritized by miners, leading to delays.

Was this helpful?

132
43
Elena Elena Sat Dec 07 2024
Accelerating a stuck Bitcoin transaction can be achieved through specific methods.

Was this helpful?

106
47
ZenBalance ZenBalance Fri Dec 06 2024
Another factor that can cause transactions to get stuck is a sudden spike in network fees. During periods of high demand, network fees can increase rapidly, making it difficult for transactions with lower fees to be processed.

Was this helpful?

212
51
CherryBlossomDancing CherryBlossomDancing Fri Dec 06 2024
If your transaction is stuck, one method to accelerate it is by using the replace-by-fee (RBF) feature. This allows you to replace the original transaction with a new one that has a higher fee, making it more attractive to miners.

Was this helpful?

324
59
Giuseppe Giuseppe Fri Dec 06 2024
Another method is the child-pays-for-parent (CPFP) transaction. In this scenario, you create a new transaction that spends the outputs of the stuck transaction and includes a higher fee. This encourages miners to include the original stuck transaction in a block to collect the higher fee from the CPFP transaction.

Was this helpful?

227
24

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts