Assets, Bitcoin

How Do I Speed Up Unconfirmed Bitcoin Transactions?

The Bitcoin network can be slow at times and transactions can take hours or even days to confirm. This can be frustrating if you’re trying to make a quick transfer or if you’re dealing with an unresponsive seller.

Luckily, there are a few things you can do to speed up the process.

First, check to see if your transaction is stuck. You can do this by looking up your transaction ID on a block explorer like Blockchain.

info. If it says “unconfirmed” then it means your transaction is stuck and will likely never confirm unless you take action.

Next, try double spending your transaction. This means creating a second, identical transaction on the Bitcoin network using a different input.

Most wallets have a built-in option to do this automatically. Double spending is not recommended for large amounts as it’s technically a form of fraud, but for small amounts it’s usually safe and can help get your transaction confirmed faster.

If double spending doesn’t work or isn’t an option, you can try replacing your transaction with a higher fee. This is called a fee bump and it essentially pays miners to prioritize your transaction over others.

Again, most wallets have a built-in option to do this automatically.

Lastly, if nothing else works, you can try using a service like ViaBTC’s Transaction Accelerator. This service allows you to submit your transaction ID and pay a small fee in order to have it mined by ViaBTC’s pool of miners.

While not guaranteed, this has been known to work for some people in the past.

While there’s no guarantee that any of these methods will work, they’re all worth trying if you’re stuck with an unconfirmed transaction. Just remember to be patient and give each method some time to work before moving on to the next one.

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