How Long Does a Cryptocurrency Transaction Take and What Happens During the Process? The duration of a cryptocurrency transaction and the detailed process depend on the blockchain network used, network traffic, transaction fees, and confirmation requirements. Typical Transaction Time For example, Bitcoin transactions typically take between 10 minutes to 1.5 hours to be confirmed on the blockchain, with a new block created approximately every 10 minutes. The time can vary depending on network congestion and the fee paid for the transaction — higher fees usually speed up the process by incentivizing miners to prioritize the transaction. Other cryptocurrencies may have faster confirmation times, sometimes just seconds or a few minutes, depending on their blockchain protocol. What Happens During a Crypto Transaction? Transaction Creation: You initiate the transaction by...
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