I sent some
Bitcoin to another address, but it's been over 24 hours and the transaction still hasn't been confirmed. What could be the reason for this delay? Is there something wrong with the Bitcoin network or did I do something incorrectly?
5 answers
SumoHonorable
Fri Dec 20 2024
The confirmation time depends on the fees you have chosen for the transaction.
BlockchainVisionary
Fri Dec 20 2024
With higher fees, transactions can be confirmed within a minute, while lower fees may result in a wait time of several hours.
Martina
Fri Dec 20 2024
Network congestion is another factor that significantly influences the waiting time for transaction confirmation.
DaeguDiva
Fri Dec 20 2024
When a large number of people are performing transactions simultaneously, it leads to increased competition on the network.
Valentino
Fri Dec 20 2024
Transactions on the blockchain require a certain amount of time to be confirmed.