How long does it take to make a bitcoin?
Don’t know how long does it take to transfer bitcoin? Check it here!
The amount of time that it takes for a bitcoin to transfer varies. When transferring a bitcoin, it will require approval from a bitcoin network before it is completed.
Generally speaking, the bitcoin community made a standard of six confirmations from the miners before you can consider a bitcoin transfer complete.
Now, the average time for a bitcoin to be mined is 10 minutes. So, that would mean that a bitcoin transfer can take at least an hour.
However, the recent boom of bitcoin has caused a congestion in the networks. With the limited amount of miners available and an unlimited amount of transfers taking place, it can take longer for each bitcoin transfer to complete.
Recently, the average time for a single confirmation has now become 30 minutes or even up to 16 hours.
The good news is, you can pay a higher fee in order for the miners to prioritize your bitcoin transfer and reduce the time it takes for the transfer to finish.