4 ms·
Maybe not Bitcoin, but most other currencies have near-instant transactions. Even Bitcoin's transaction speed outperforms wire transfers (in the US) by a matter
by SippinLean 9y ago
Maybe not Bitcoin, but most other currencies have near-instant transactions. Even Bitcoin's transaction speed outperforms wire transfers (in the US) by a matter of days.
- sillysaurus3 9y agoActually, I was shocked how quickly Bitcoin transfers were. About a week ago I watched someone transfer me $10 in BTC and I got "unconfirmed: $10" within a few seconds. It wasn't confirmed until a few minutes later, but that was enough time to assume everything was fine and to keep doing stuff in the meantime. Concretely, you can assume almost every unconfirmed transaction will be confirmed, and you'll almost never be wrong. That means Bitcoin is effectively instant for every transacfion you don't need to care about, and in the other cases you can just wait a few minutes.