How long does it take to send bitcoin from coinbase to bitstamp

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Bitstamp pending coinbase send bitcoin to someone else

The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. Bitcoin How to Buy Bitcoin. Bitcoin Bitcoin's Price History. Partner Links. What is a reverse ICO? Bitcoin miners will receive the transaction and add it to their list of unconfirmed transactions, known as the mempool. Because of this limit, miners choose transactions that will reward them with the highest transaction fees.

On average, one block is mined every 10 minutes, so if you pay a high enough transaction fee, your transaction should get confirmed mined within roughly ten minutes. Note that this is just an average time and blocks can sometimes take under a minute or over an hour to mine. When two miners mine different blocks at the same time, computers on the bitcoin network end up with two different transaction histories. This is known as a chain split or a fork. Eventually, a new block will be added to one of the two chains before the other. When this happens, everyone agrees that the longer chain the one with more blocks is the valid one.

Each additional block that gets added to the blockchain after that gives your transaction another confirmation. If you are only sending or receiving a small amount of bitcoin, then you might be willing to accept the risk of trusting a single confirmation. For larger transactions, the general rule of thumb is to wait for six confirmations, or approximately one hour, before accepting that the transaction is final. For extremely large transactions, it makes sense to wait a day or two before accepting them as final.

Some merchants will accept transactions with zero confirmations, so that you can receive what you pay for right away without requiring you to wait for more confirmations.