Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transaction confirmed within 20 minutes
by
audaciousbeing
on 25/05/2017, 12:38:03 UTC
OK with all the posts about transactions fees and transaction holds etc .. thought I'd post my experience ..

I have just transferred 2 Bitcoin from my Kraken trading account to my blockchain wallet ... cost of transaction: 0.0005 bitcoin so actual coins received in wallet 1.9995 ... 4 confirmations received within 20 minutes (19 minutes to be exact)

Personally I was expecting maybe a day for the transaction to be completed lol (especially with all the scary posts on the forum) so 20 minutes was pleasantly surprising.

Good for you that you get your transaction confirmed in that little time so to say but you also need to understand that if the same transaction had been carried out in the last 6months, it might not take up to 5 minutes for it to confirm. Also, you also need to understand that most trading site in other to maximise the clients experience monitor the bockchain network in other to make transactions faster than normal bitcoin wallet providers. So those complaining are not joking around as its what they have experienced they are sharing.