Bloq blockchain unconfirmed transaction
Unconfirmed transaction means that the transaction has not been included in a block and thus has not been completed. Most recipients require at least one confirmation to complete the transaction, including Wirex. If your transaction is unconfirmed, usually you just need to wait. Most transactions get completed within a day or two or more if the blockchain is overloaded. In rare cases, transactions with low or absent fee may get stuck in unconfirmed status for over a week.
In such situations, we recommend the following options:. The options above only apply to transactions sent from Wirex wallets. If your transaction to Wirex wallet got stuck, please contact the service provider or find additional advice from this Bitcoin Magazine's article. Why is my bitcoin transaction 'unconfirmed'?
Common reasons for unconfirmed transactions are: You have just made the transfer. The Bitcoin network needs at least 10 minutes, on average, to include the transaction in a block; The blockchain fee is too low or absent.
The lower the blockchain fee, the lower you transaction's priority in the Bitcoin network. Therefore, the longer the confirmation will take; The Bitcoin network is overloaded. Due to its limited capacity, the network simply cannot process transactions fast enough, especially during high transaction periods.
In such situations, we recommend the following options: You can accelerate your transaction. Search for a suitable one online, or ask our support team for recommendations; You can wait. This might take up to days. Simplifying it, you can spend all funds from your wallet e. As long as your wallet contains "change" from the unconfirmed transaction, miners who support CPFP would be forced to include both your new transaction and your unconfirmed one in the block.
Ensure your new transaction has a competitive fee. Wirex support team has not tried this method on Wirex wallets, so we cannot guarantee it will work.
Related articles Why is my bitcoin transaction pending? What is the blockchain fee? How to add funds to Wirex account? Wirex fees Wirex virtual card limits. Was this article helpful?
For the past few weeks, there have been increased transaction delays on the Bitcoin network, something which affects all Bitcoin providers and users all around the world. When you send Bitcoin, the transaction bloq blockchain unconfirmed transaction be instantly broadcast to the Bitcoin network, but will not immediately be confirmed.
Most wallets, like Luno, require three blockchain confirmations before bloq blockchain unconfirmed transaction will show up as completed, some may require up to six. Approximately every ten minutes, a new block is created and added to the blockchain through a process called mining. Each block verifies and records any new transactions such as the Bitcoin you may be sending. These transactions are then confirmed by the Bitcoin network. Once the next block is created and the new transaction is verified and included in that block, the transaction will have one confirmation.
Approximately every ten minutes thereafter, a new block is created and the transaction is reconfirmed by the Bitcoin network. As mentioned above, blocks are usually confirmed at approximately one block every ten minutes.
However, the Bitcoin network can currently only handle a finite amount of transactions per block. Each transaction has a certain size in bytes and each block can only contain a certain number of bytes.
When a bloq blockchain unconfirmed transaction of transactions are being broadcasted --faster than what the network can currently process it-- it creates a backlog of unconfirmed transactions. Backlogs happen occasionally, but the network eventually resolves all of the transactions within a day or so. You can see the current amount of unconfirmed transactions here: You can track the average amount of time it takes for transactions to be confirmed here: This means that in time and with consensusBitcoin transaction speeds could very well improve in future.
In the meanwhile, we have a great option for customers who are sending to another Luno wallet. The other advantage is that no Bitcoin network fees will apply: Werner was our former Head of Communications. His passions include payments, e-commerce, technology, marketing and design: Buy, store and learn about Bitcoin and Ethereum now. We are using cookies to provide statistics that help us give you the best bloq blockchain unconfirmed transaction of our site.