Bitcoin Cash Confirmations
Bitcoin (BTC) $880.76 B: SHA-256 @ 134,444 PH/s: 6 confs: 1h 9m-Ethereum (ETH) $170.11 B: Ethash @ 407 TH/s: 436 confs: 1h 36m: 1x slower: Litecoin (LTC) $11.50 B: Scrypt @ 265 TH/s: 653 confs: 1d 6h: 26x slower: Bitcoin Cash (BCH) $8.99 B: SHA-256 @ 1,481 PH/s: 658 confs: 4d 9h: 91x slower: Monero (XMR) $3.68 B: RandomX @ 2 GH/s: 9,258 confs.
- Bitcoin Confirmation Time
- How Many Confirmations Does Bitcoin Cash Need
- Bitcoin Cash Transaction Time
- Bitcoin Cash How Many Confirmations
- How Long For 6 Confirmations Bitcoin
- Bitcoin Cash Slow Confirmations
Send Money Anywhere In the World, Almost for Free
With Bitcoin Cash, you can send money to anyone, anywhere in the world, 24 hours a day, 365 days a year. Like the Internet itself, the network is always on. No transaction is too big or too small. And you never need anyone’s permission or approval.
- Since the block time of Bitcoin is 10 minutes to get 3 confirmations it will take about 30 minutes and to get 6 confirmations it will take 60 minutes. Okay, now how to check the confirmation status for your transaction.
- Block Time Chart. Bitcoin Cash Block Time historical chart Average block time (minutes) Share.
- Free Paper Confirmations through March 31, 2016. Don't have an account?
Be Your Own Bank and Have Full Control Over Your Money
The seizing of capital from account holders (“bail-ins”) that occurred in Cyprus and nearly in Greece, demonstrated that bank deposits are only as safe as political leaders decide. Even under the best of conditions, banks can make mistakes, hold funds, freeze accounts, and otherwise prevent you from accessing your own money.
Banks can also decide to block your transactions, charge you fees, or close your account without warning. Bitcoin Cash gives you full, sovereign control over your funds, which you can access from anywhere in the world.
A Scarce Digital Currency with a Known, Fixed Supply
The Bitcoin Cash protocol ensures there will never be more than 21 million coins in existence. Governments constantly print money out of thin air, endlessly inflating the supply and devaluing everyone’s savings. Bitcoin Cash has a fixed supply and therefore represents sound money.
Increase Your Privacy and Operate Anonymously
Bitcoin Cash offers more privacy and anonymity than traditional payment systems like bank transfers and credit card payments, since it’s normally impossible to know who controls a Bitcoin address.
Bitcoin Cash offers various levels of privacy depending on how it is used. It’s important to educate yourself thoroughly before using BCH for privacy purposes.
Enjoy Exclusive Discounts
Many merchants offer discounts for paying in Bitcoin Cash, because it eliminates credit card fees and helps grow the adoption of this new payment system.
Support Freedom Worldwide
Bitcoin Cash is a permissionless, open network. It empowers you to engage with your fellow human beings without intrusion. It’s decentralized, voluntary, and non-aggressive. As usage grows, old power structures will erode while fresh ideas blossom. It may help usher in the greatest peaceful revolution the world has ever known.
Bitcoin Confirmation Time
Roughly every ten minutes, a new block is created and added to the blockchain through the mining process. This block verifies and records any new transactions. The transactions are then said to have been confirmed by the Bitcoin network.
For example, if Sean sends one bitcoin to John, this transaction will remain “unconfirmed” until the next block is created.
Once that block is created and the new transaction is verified and included in that block, the transaction will have one confirmation. Approximately every ten minutes thereafter, a new block is created and the transaction is reconfirmed by the Bitcoin network.
While some services are instant or only require one confirmation, many Bitcoin companies will require more as each confirmation greatly decreases the likelihood of a payment being reversed. It is common for six confirmations to be required which takes about an hour.
How many Bitcoin Confirmations are Enough?
0How to Check Bitcoin Confirmations
Once you make a transaction, your wallet should give you an option to view the transaction on a block explorer or give you the transaction ID.
A transaction ID looks like this: 7a43510802e113b7059851ef0a8a5c3625db37541861dd982f56253b2d5c4ff9
To check the number of confirmations for a transaction, paste the ID into a block explorer like blockchain.info:
Press enter and then you’ll see more details about your transaction:
Try a New Wallet
If your wallet is sending transactions that get stuck, you may be using an old wallet that doesn’t calculate fees properly. Try one of these:
COMPARISON
Ledger Nano X
- Good for storing large amounts of crypto
- Supports 1,000+ coins
- Can be used with iOS & Android
BRD
- Great wallet for iOS and Android
- Supports many coins, like BTC and ETH
- Clean interface makes it easy to use
Electrum
- Desktop wallet that works for Mac, Windows and Linux
- Simple to use, but also offers power features for experienced users
- Can connect to hardware wallets
What is the Average Bitcoin Confirmation Time?
There is a greater than 60% chance your transaction will be confirmed within 10 minutes if you pay a high enough fee:
How Many Confirmations Does Bitcoin Cash Need
Having an Issue With Your Wallet?
Some wallets are not updated to send transactions with the proper fee.
Our guide on the best bitcoin wallets features wallets with good fee estimators. Read it here!
FAQ
Is your Bitcoin Transaction Unconfirmed for Hours?
- FAQ
- Is it possible for a transaction to confirm in less than 10 minutes?
If your transaction is unconfirmed for hours, just wait. If more than 72 hours pass and your transaction still isn’t confirmed, you can re-send the transaction.
We recommend using Electrum wallet with a hardware wallet like the Ledger Nano X, since it allows you to raise the fee on transactions if they get stuck.
How Many Confirmations Does Coinbase Need?
Coinbase requires three confirmations before a transaction will show up and be spendable in your Coinbase account.
Is it possible for a transaction to confirm in less than 10 minutes?
Yes! There are several ways this could happen.
As mentioned above, block times are targeted to be 10 minutes. However, sometimes they are more and sometimes they are less.
Difficulty Improperly Adjusted
If the difficulty is set too low, then blocktimes will tend to be shorter than 10 minutes. Difficulty is adjusted every 2 weeks, but the way it is adjusted is based on the previous two weeks average block times. This generally does a good job of ensuring 10 minute blocks, but it is not perfect.
Hashing Power Flood
If a lot of mining [hashing power is suddenly added to the network quickly, then this hashing power wont be accounted for until the next difficulty adjustment, resulting in faster block times on average.
Miner Luck
Sometimes blocks are found in minutes simply because of luck. The truth is, mining bitcoin is about guessing the answers to complex math problems. Guessing the answer should, statistically speaking, take about 10 minutes. However, sometimes you get lucky and find it much sooner.
Your Luck
Assuming 10 minute block timers are perfectly calibrated, and none of the above occurs, you could still get your first confirmation in less than 10 minutes. Let’s say a block is found and five minutes later you broadcast a trancastion with a higher fee than anyone else on the network. If that were the case, you would get your first confirmation in 5 minutes.
How can I speed up confirmation times?
There is no way for you to speed up the rate at which blocks are added to the blockchain. However, you can speed up the likelyhood your transaction is included in the next block by increasing the fees you pay for the transaction.
You can find what is considered a high fee at any given time by looking at our fee calculator.
Does Segwit decrease confirmation times?
Technically, no. Segwit does not change the amount of time needed for blocks to confirm. However, transactions using segwit are cheaper because they are smaller. That means the fees you would pay for an old bitcoin transaction sending the same amount of coins is higher than it would be with Segwit. You can, therefore, put the money you save into paying more fees to increase the chance the transaction ends up in the next block.
However, no amount of fees can get your transaction through faster than the next block. And the time it takes to for the next block to be found varies depending on current hashing power and difficulty.
Bitcoin Cash Transaction Time
My transaction is stuck. How do I get it onto a block?
There are a few ways to fix a stuck transaction. One way is to do a replace by fee (RBF) transaction. The other is to do a child-pays-for-parent (CPFP) transaction. You can also use a bitcoin accelerator service, but accelerators are very expensive and better, cheaper options are available.
These are more advanced techniques, so we wrote up an entire page about how to get a transaction into a block.
Bitcoin Cash How Many Confirmations
If you own a Ledger hardware wallet and you are using Ledger Live, you can prepare your transaction so that replace by fee is possible. Just tick the switch in the advanced options on the second screen (amount) when you make your transaction:
How Long For 6 Confirmations Bitcoin
If this is an issue for you, learn more about getting a transaction unstuck.