Post
Topic
Board Bitcoin Discussion
Re: BTC is just not practical
by
Cryptoshops
on 28/06/2021, 08:50:53 UTC
Each transaction is confirmed in a few minutes and the fee is not high.

Just as you're posting this the last confirmed block (689014) was mined 52 minutes ago.
So no, not "each" transaction gets confirmed in a few minutes, not by a long shot, not with an average time between blocks of 23 minutes 13 seconds in the last 24 hours.

OK, you're talking about the average time it takes to confirm a transaction in the last 24 hours and I'm talking about the average time it takes to confirm a transaction in the last month.
Even if that average time required to confirm a transaction was a little longer than 10 minutes, it would still be very good and much faster than it takes for a regular bank transaction.
Unless, of course, you want to pay for coffee in a coffee shop with bitcoin  Grin


Not sure what country you live in but here in the UK if you do a bank transaction using a mobile app its instant