Weekly cash draw Participate

What is Bitcoin confirmation and how long does it take?

Confirmation of the transaction is necessary in order to prevent the repeated spending of the same funds. When the owner receives bitcoin coins, he may not use them immediately.
As soon as the sender transfers funds, the transaction enters the Bitcoin network for execution and inclusion in the block.
It is the process of adding a transaction to the found block that is called a transaction confirmation, one block includes one confirmation.
As soon as your transaction is confirmed, bitcoin coins become available for further use.
The confirmation speed depends on many factors, such as: the congestion of the bitcoin network itself, the size of the commission indicated during the transfer, the speed of the Internet connection, the technical health of the resource where your wallet is located, etc. On average, transaction confirmation takes 10 to 40 minutes.