Post
Topic
Board Bitcoin Discussion
Re: Can we still say that BTC transactions are faster?
by
Assmaster2000
on 09/06/2016, 15:00:33 UTC
Wrong. Transaction time is: ~1-3 seconds. Confirmation time is: ~10 Minutes.
Dropping a check in the mail is ~1-3 seconds too. Of course, the recipient won't be able to spend the money until the check clears, but that's no different from your unconfirmed transaction.