How long does it take to receive Bitcoin internationally?
McGee KimDec 18, 2021 · 3 years ago3 answers
Can you tell me the average time it takes to receive Bitcoin internationally? I'm curious about the time it takes for a Bitcoin transaction to be confirmed and for the funds to be available in the recipient's wallet.
3 answers
- Dec 18, 2021 · 3 years agoThe average time it takes to receive Bitcoin internationally can vary depending on several factors. Generally, it takes around 10 minutes for a Bitcoin transaction to be confirmed on the blockchain. However, the time it takes for the funds to be available in the recipient's wallet can vary based on network congestion and the transaction fee paid. In some cases, it can take up to an hour or more for the funds to be fully confirmed and available for use.
- Dec 18, 2021 · 3 years agoWhen it comes to receiving Bitcoin internationally, the confirmation time is usually the same as domestic transactions. However, the time it takes for the funds to be available in the recipient's wallet can be influenced by the sender's transaction fee and the network congestion. It's important to note that Bitcoin transactions are processed by miners who prioritize transactions with higher fees, so if you want your transaction to be confirmed faster, you may consider increasing the transaction fee.
- Dec 18, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the average time it takes to receive Bitcoin internationally is approximately 10 minutes for the transaction to be confirmed on the blockchain. However, it may take some additional time for the funds to be fully available in the recipient's wallet. This additional time can vary depending on factors such as network congestion and the transaction fee paid. It's always a good idea to check the status of your transaction on the blockchain explorer to get the most up-to-date information on its progress.
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