Why is it taking so long for my crypto to get from the exchange to my external wallet?

When you send Bitcoin, it takes about 10 minutes on average for your payment to be confirmed. However, this time can vary wildly depending upon what part of the network those transactions happen to - as we'll explain below!

How Long Does Bitcoin Take to Send?

Bitcoin transactions have a confirmation time of about 10 minutes on average but can vary widely depending on factors like total network activity, hash rate, and fees. If the Bitcoin Network is congested with blocks full of transactions waiting to be processed then you may end up paying higher transaction costs for your own speedy resolution - this happened in April 2021 when average Prices reached $59!


MyBlockX transactions typically take anywhere between 5min and 30min. However, there have been times when transactions have been delayed, especially with the queue system in place. Once you make a withdrawal request it is put on the queue where it is then pushed through manually by the finance team. If there are delays in this process, there will be delays in getting funds to your wallet. Rest assured, they will get there 100% guaranteed.


What Is a Bitcoin Mempool?

Mempools are temporary storage areas for Bitcoin transactions that haven't been validated by miners and added to the next block on the blockchain. Each node stores a copy of these pending transactions (which represents spending activity), but they're periodically cleared out when new blocks get stamped with them so those spends don’t happen until there's an opportunity where their fees meet or exceed what was required at first—like waiting around forever if nobody ever adds any more money!

Bitcoin Verification

With the number of Bitcoin transactions increasing, it can take hours for your transaction to be confirmed on the blockchain. This is because there are always other people trying to approve in front of you and they're all waiting too! The best way around this problem? Paying higher fees so that you get priority access through police escorts-style traffic flow shortcuts located at various points throughout each day's route map (based upon when users pay). When the mempool is full, it can be hard to get your transaction confirmed. Miners have limited space and will only include transactions that they know about in their blocks; these are usually ones with high fees because there's competition among them for this scarce resource (space).

How Many Confirmation Is Needed for Bitcoin Transaction?

It typically takes 10 minutes for a Bitcoin transaction to be confirmed. After an average of 1-confirmed, another block will contain that same data and thus qualify as 2 confirmations in total; some exchanges require 3 or more BTC confirmations before they allow you trade Bitcoins with other traders on their platform (or sell them).

How Long Does a Bitcoin Transaction Confirmation Take?

Bitcoin transactions often go through several confirmations on the blockchain before they're fully cleared. This is because there's a risk that unconfirmed transactions could be reversed or spent twice, which means you'll need six confirmations for larger amounts of cryptocurrency transfers over 1 hour long (blockchain).

How to Check if Bitcoin Transaction Is Verified?

To ensure that your Bitcoin transaction has been validated by miners, you can check it through a blockchain explorer. For instance, if you use CoinMarketCap's cryptocurrency exchange and input the hash for any given transaction - they will show whether or not it is valid!

Was this article helpful?
0 out of 0 found this helpful



Please sign in to leave a comment.

Have more questions?
Submit a request
Share it, if you like it.