How Long Does It Take For Bitcoin To Transfer

1. How Long Does Coinbase Transfer Take
2. How Long For Bitcoin Transfer
3. How Long To Send Bitcoin
4. How Long Does It Take For Bitcoin To Transfer Credit Cards

Bitcoin Up was founded in 2018 to help ordinary people trade bitcoin. The robot allegedly makes up to $3k in daily profits from an investment of below $500. But is Bitcoin Up legit?

How Long Does it Take to Send Bitcoin from Coinbase? We know you'd prefer for these kinds of transactions to be executed as fast as possible. For us, it is also important to let you know what you should expect every time you need to send or transfer money between exchange platforms. Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Sign up to join this community. Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top.

Cryptovibes went out in search of answers and has prepared this comprehensive review for you. We find Bitcoin Up to appear to be legit. Moreover, there is a potential of making the alleged profits if you follow the tips that we will present in this review.

For the record, Bitcoin Up is fully auto and beginner-friendly. This means that anyone can trade with it. Ensure that you read this review to the end before signing up with Bitcoin Up. You can go ahead and visit their website through the link below if you are not new to crypto trading bots.

*Remember that all trading opportunities carry significant risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets. Trade wisely!

Bitcoin Up review: Overview

As mentioned in the introduction, this robot has been around for about 2 years. During this period, it has managed to grow its user base to over 100k. Bitcoin Up appears to be popular with most users. It has a nearly perfect score of 4.8/5 on TrustPilot after over 2500 reviews.

Only a few crypto robots have managed to reach such a high score on this platform. Most of those who have reviewed Bitcoin Up report satisfaction with its performance and ease of use. There are also a lot of compliments on its customer service and seamless withdrawal process.

Our test on Bitcoin Up customer service shows that they respond to inquiries almost instantly. Moreover, they can easily be reached through the phone and live chat. We do not recommend emails since they can take up to 24 hours to get a reply.

The most interesting thing about Bitcoin Up is that it doesn’t require any license fee. Most robots in the same category require users to pay an annual license fee of up to $5000. Bitcoin Up is free for all and appears to be more popular with ordinary people with no crypto trading background. This means that this is the robot for you if you are looking for a passive way to earn online.

Even with the high supposed win-rate, Bitcoin Up isn’t risk free. This means that you should invest wisely. Do not deposit an amount that you can’t bear to lose. It is foolhardy to commit all your life savings to margin trading. Cryptovibes recommends that you begin with the required 250 USD and grow by ploughing back earnings.

How does Bitcoin Up work?

Bitcoin Up relies on advanced AI technologies to read and glean insights from bitcoin (BTC) related news. The robot bets on BTC against a number of crypto and fiat currencies. With this robot, users can trade over 15 BTC pairs. Some of these pairs include BTCETH, BTCXRP, BTCBCH, and BTCLTC. The fiat pairs include BTCUSD, BTCGBP, and BTCEUR.

Simply put, trading these pairs involves speculating on how the price of bitcoin will fair against cryptos such as Ethereum, Ripple, Litecoin, and Bitcoin Cash. The fiat pairs include bitcoin against the USD, GBP, and EUR.

Bitcoin Up has a supposed win rate of above 90%. This means that it can make winning bets most of the times. Furthermore, the bot relies on several brokers to provide trading leverage of up to 1:5000. With such a level of leverage, traders can take trading positions that are worth up to 5000 times their capital.

It is through this level of leverage that a small account of $250 can generate the alleged daily profit of up to $3k. High leverage is undoubtedly the gamechanger for robots such as Bitcoin Up, but it can also lead to devastating losses.

Bitcoin Up applies risk management features such as Stop Loss, Take Profit, and Negative Balance Protection to shield users from huge losses. Even so, a significant level of risk remains, and hence you should only invest what you are willing to lose.

Is Bitcoin Up legit? Cryptovibes findings

Bitcoin Up seems legit, and it may be a good idea to give it a try. You need at least 250 USD to trade with this robot. The bot is license-free, but this may not be the case for long. We suggest that you grab the opportunity by registering with this robot now.

• Bitcoin Up has a nearly perfect score on TrustPilot and ForexPeaceArmy. This means that most users find it worthwhile
• Cryptovibes has tested Bitcoin Up trading platforms and confirmed that they rely on the said artificial intelligence technologies
• Bitcoin Up relies on highly reputable and adequately regulated robot brokers. The majority of these brokers fall under the regulatory mandate of the UK Financial Conduct Authority (FCA).
• Cryptovibes can confirm that Bitcoin Up trading platform and website is highly secured. Their website has standard level encryption, and they are adherent to data safety measures such as the GDPR.
• Bitcoin Up can allegedly turn a deposit of 250 USD to more than 1000 USD in less than 24 hours of trading. At least 90% of reviewers on TrustPilot support this claim.

Like any other margin trading robot, Bitcoin Up is not risk-free. It is therefore crucial that you only trade with what you can afford to lose.

Getting Started with Bitcoin Up platform

Bitcoin Up is made for the ordinary person and hence doesn’t require any special skill to operate. Follow the steps below to start investing with this robot.

Register a free Bitcoin Up account

Go to Bitcoin Up homepage and register a free trading account. Ensure that you submit all details as required and click the proceed button. Bitcoin Up registration process only need your name and a working email and phone number.

You will be prompted to verify the email and the phone number. This bot handles user information with strict confidentiality.

Deposit a minimum of 250 USD

Like in any other venture, you need to invest some money to generate a return. Bitcoin Up requires as little as 250 USD. You can fund your account using a debit or a credit card or Wire Transfer.

Bitcoin Up also accepts Western Union, MoneyGram, and e-wallets such as WebMoney, Skrill, and Neteller. You will not be charged any deposit fees.

Trade with a demo account

After deposit, you can access a free demo account for practice. While Bitcoin Up is fully auto, it comes with a lot of functionalities that can be confusing to complete beginners. The demo account helps you familiarize with these features.

Bitcoin Up also provides a dedicated account manager to guide you through the features of the live account. You should take full advantage by asking them all the trading questions that you might have.

Trade live

Live trading with Bitcoin Up is straightforward. You need to adjust risk settings as instructed in the trading guide before clicking the live button. Do not hesitate to contact the dedicated account manager for any clarifications.

Bitcoin Up trading tips

This robot is entirely auto, but this doesn’t mean that there is nothing you can do to get good returns out of it. The following are some of the things you should do to hit a homerun with Bitcoin Up.

1. Trade for not less than 8 hours daily – You should leave Bitcoin Up running for at least 8 hours daily, Monday through Friday. By doing so, you will be able to capitalize on all trading opportunities that present during trading.
2. Trade the US markets – These markets are the critical driver of bitcoin volatility. Remember that Bitcoin Up performs well during periods of high volatility.
3. Invest what you can afford to lose – Bitcoin Up comes at a risk, and it is, therefore, essential that you invest what you are willing to lose. This will allow you the peace of mind to observe and capitalize on how the bot responds to market trends.

Is Bitcoin Up legit? The verdict!

Bitcoin Up is legit and maybe worth a try. This review confirms that this bot is popular with users. There are a lot of great reviews about its performance and easy to use trading platforms. We can also confirm that it is powered by real AI technologies and has all the measures in place to safeguard users’ data.

Bitcoin Up is free and available to all. You can start using this robot via the link below. Please let us know about your experience in the comment section.

FAQs

Is Bitcoin Up trustworthy?

Yes! We have tested Bitcoin Up and found it to appear to be legit. This robot has great reviews from users.

How much should I deposit with Bitcoin Up?

A minimum of 250 USD is enough to get started with Bitcoin Up. You can always add capital later on as you get used to the robot.

How much profit can I make with Bitcoin Up?

Bitcoin Up earning rate depends on how much you invest and the trading settings you apply. The bot can allegedly generate up to 4 times the invested capital per day.

Does Bitcoin Up allow withdrawals?

Yes! You can withdraw your money by submitting a request form through the provided portal. All withdrawals are facilitated within 5 hours.

It is an open secret that Bitcoin block time is 10 minutes.

But have you wondered why it takes more than 10 minutes to confirm a Bitcoin transaction successfully?

I guess you haven’t !!

I know you are a busy man (or woman), but since many times, receivers of Bitcoin have been fooled due to their lack of knowledge on this simple topic.

That’s why I think it is my responsibility to make you aware and make sure that you don’t fall for such silly mistakes again.

So in this post, we are going to learn what’s the ideal Bitcoin transaction/confirmation time and what to do when the transactions are stuck for long hours?

So let’s dive right into it:

What Is Bitcoin Transaction Confirmation Time?

For those of you who don’t know:

Bitcoin transactions are not instantly confirmed or finalized.

These transactions first go to a pool of unconfirmed transactions called Bitcoin mempool from where miners pick up these transactions. That’s why one needs to wait for atleast 10 minutes to get the first confirmation for a Bitcoin transaction.

In any case, the average time a Bitcoin transaction takes for confirmation is 10 minutes, and that’s because the Bitcoin’s block timing is 10 minutes.

But this isn’t true every time because your Bitcoin transaction confirmation can take up to several hours and sometimes even days after you have made a transaction.

Think I am exaggerating?

Well, I am not !!

This can happen due to many factors and those factors we are going to discuss in the next section.

What Determines Bitcoin Transaction Speed or Bitcoin Transfer Time?

The speed of Bitcoin transactions depends on many factors and out of those, these two factors are very critical to BTC transfer time:

• Congestion on Bitcoin’s network
• Bitcoin transaction fees attached to each BTC transaction.

The congestion or load of Bitcoin’s blockchain can be seen in real-time by monitoring the mempool. At the time of writing these many unconfirmed transactions are present on the network.

But needless to say, more the number of unconfirmed transactions the more time blockchain will take to confirm them.

After all, we have limited space and limited throughput on the chain as it can only include 1 MB worth of transactions every 10 minutes.

And due to Bitcoin’s design, only one miner can add a block every 10 minutes, no matter how much mining hash power he/she has. (See our guide on Bitcoin Mining)

Moreover, miners are bound to act in a way that incentivizes them the most and in case of mining these miners prefer to take those transactions first that have more transaction fees attached to it.

If you don’t know:

Miners receive 12.5 BTC plus the ‘X’ amount of Block mining fee for their mining work. And if you see, here that 12.5 BTC reward is fixed for all the miners, but ‘X’ amount of block mining fees varies.

So the higher the ‘X’ amount, the higher the income/reward for miners to mine a successful block.

I know you are thinking, how block mining fee is related to your transaction not getting picked from the mempool?

Well, for that let’s understand, block mining fee first,

Block is merely a collection of transactions, and each transaction has a transaction fee attached to it. And the sum of the transaction fees attached to individual transactions that a miner has taken into his block is called ‘Block mining fee.’

So assume for a moment that you are a Bitcoin miner.

What would you do?

Well, if I am a miner, I would try to maximize the ‘X’ amount by always picking up those transactions from the mempool which has higher transaction fees attached to it so that I can get more block mining fees as a reward.

Hence it makes economic sense for the miners to pick up those transactions first from the mempool which has higher fees attached to it.

And miners are quite proactive in this, as all the miners keep their mempool in descending order of transaction fees (bitcoin mempool fees) attached to it.

That’s one of the main reasons for your Bitcoin confirmations taking hours and being stuck in the mempool as your fee is too little to be noticed by the miners.

How Many Bitcoin Confirmations Are Enough On A Transaction?

Generally speaking, ‘6 confirmations’ are recommended and that many considered enough to make sure a Bitcoin transaction is successful.

How Long Does Coinbase Transfer Take

This ‘6 confirmation’ limit is even advised by Satoshi Nakamoto- the creator of Bitcoin because after six confirmations the receiver can be sure that the bitcoins he/she has received aren’t double-spent.

But as we know that a Bitcoin confirmation will minimum take 10 minutes and hence for six confirmations one needs to wait atleast 60 minutes (provided the transaction is included in the very next block)

How Long For Bitcoin Transfer

But this is an ideal scenario that is often different from reality because there are enough chances that your transaction will not be included in the very next block.

Here is the median time for a transaction to be accepted into a mined block and added to the public ledger (note: only includes transactions with miner’s fees).

Here is the overall average confirmation time on Bitcoin’s blockchain:

Also, these confirmations are nothing but the number of blocks added after your transaction is included on the chain and first confirmation means your transaction is included in the most recent block mined.

And as the blocks are found after the recently mined block, the confirmation count for your transaction will keep on increasing to ‘6 confirmations’ or more. Check this transaction now and you will able to see more than 6 confirmations on it: 3230b0b9c0bd5cd196cc23b1e5bf4b41604b31e04bc9d9f5071cfa8117ba70a9

Is There Any Bitcoin Transaction/Confirmation Time Calculator/Estimator?

Yes, of course, there are some Bitcoin transaction time estimators that you can use, but they all rely on the Bitcoin transaction fees you have attached to that particular transaction.

So let say you have attached ‘X’ Satoshis/byte of fees for a Bitcoin transaction then you can very well calculate how much time (or how many blocks) you will need to wait before getting the first confirmation.

See this estimator that tells you based on the Satoshi/byte fees, how much time and how many blocks one needs to wait:

So as per this estimator, if you are using 14 Satoshis/byte of fees or more, you will get included in the next immediate block, and in less than 30 minutes you will receive your confirmation.

How Long To Send Bitcoin

Whereas if you use 3 Satoshis/byte of fees, then you might get included in the second block and if the fees are lower than that you might need to wait for 3-4 blocks more to get included in a Bitcoin’s block.

So this way you can easily calculate your approximate Bitcoin confirmation time and know exactly how long does Bitcoin takes to transfer?

What To Do When Bitcoin transactions taking a long time?

But, I use this time estimator before I am making my transaction because that way I can determine appropriate transaction fees and hence reduce the expected time of confirmation.

I have explained this method very comprehensively in my article on, ‘A Beginner’s Guide To Bitcoin Transaction Fees For Fast Confirmations.’

I also know that you want to know, what needs to be done when your transaction is stuck for a long time.

Actually, there are a couple of things that you can do when your transaction is stuck, such as:

• Use a Bitcoin transaction accelerator to bump the fees off-chain.
• Replace your stuck transaction with higher a fee through Replace-By-Fees method.
• Make a child transaction with higher fees using Child Pays For Parent technique.

Of course, these techniques are specific to Bitcoin and are to be used when your transaction is stuck for many hours.

But on the flip side, if you don’t have the technical competency to do these things then you can leave your transaction for 72 hours and the network will automatically drop your transaction and return your coins in your Bitcoin wallet.

Conclusion: How long does bitcoin transfer take?

Now, I know you must be thinking if that’s how long do Bitcoin transactions take, then how could it be used as a currency?

Well, that’s what Bitcoin developers also think, and that’s why they are working on technologies like Segwit, Schnorr Signatures, & Lightning network to make Bitcoin transactions nearly instantaneous.

But there is a long road towards that as Lightning network has recently started getting traction from the community and Segwit’s penetration has also increased.

And I believe that when these technologies are at its full throttle, questions like ‘how long do bitcoin transactions take to confirm?’ or ‘how long does Bitcoin transfer take?’ will become a thing of the past.

But as of now, if you want to transact on Bitcoin’s main chain, you need to wait for atleast 60 minutes before being able to claim that your transaction is 100% successful.

So that’s all from me today in this guide on Bitcoin transaction time, and I shall be back very soon with more such interesting and knowledgeable topics around Bitcoin.

Untill that time keep learning and keep sharing the Bitcoin love with TheMoneyMongers

And do share this article with your friends through your social media !!

Contents

How Long Does It Take For Bitcoin To Transfer Credit Cards

• What Is Bitcoin Transaction Confirmation Time?
  • What To Do When Bitcoin transactions taking a long time?