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It takes days to a week to clear a Bitcoin transaction unless you want to pay a much higher fee than you would for a small or medium sized ACH. And that’s with
by Robotbeat 6y ago
It takes days to a week to clear a Bitcoin transaction unless you want to pay a much higher fee than you would for a small or medium sized ACH. And that’s with still very few Bitcoin transactions (single digit transactions per second). If everyone started trying to use base Bitcoin, transaction fees would skyrocket but transaction rate would remain just 7/second.