3 ms·
Why would you want to though? It takes at least an hour to confirm (~6 blocks) without a third-party and the fees are getting super high (costs around $13.50 /
by skizm 6y ago
Why would you want to though? It takes at least an hour to confirm (~6 blocks) without a third-party and the fees are getting super high (costs around $13.50 / 30624 satoshis per transaction to get reasonable transfer times). So unless you're transferring a large amount, you're better off using a third party that can just hold all the money and flip a bit in their database saying the money is moved.
- ddtaylor 6y agoBitcoin takes an hour to confirm, there are other cryptocurrencies that take much less time. Bitcoin also has the fee problem, and more recently Ethereum. Other cryptocurrencies like Bitcoin Cash with larger block sizes don't have the same transaction fee problems. Cryptocurrencies are still relatively new. Most of the problems are being solved and the technologies are improving rapidly.