The average transaction time for Bitcoin is about 10 minutes, although the transaction time is variable and depends on the network activity. When making a Bitcoin transaction, recipients usually require somewhere between 2 and 6 confirmations to consider the transaction as valid. Confirmations are needed when transactions are received and processed by. The reason being that the Bitcoin network is overloaded and can’t process all transactions at once. Another reason is that people aren’t willing to spend as much in Bitcoin as they are in fiat. When you’re buying a coffee with Bitcoin, the transaction fee is just a few cents. When you’re buying a car, the transaction fee is a little higher. Bitcoin Average transaction fee, USD chart. Transactions Block Size Sent from addresses Difficulty Hashrate Price in USD Mining Profitability Sent in USD Avg. Transaction Fee Median Transaction Fee Block Time Market Capitalization Avg. Transaction Value Median Transaction Value Tweets GTrends Active Addresses TopToTotal. Fee Rate. Estimated USD Transaction Value The estimated transaction value in USD value. This is calculated by taking the total USD value of all transactions and dividing it by the total number of Bitcoins mined. This can be used as a guage of transaction activity in the network. The total value of all transaction fees paid to miners (not including the coinbase value of block rewards). The total value of all transaction fees paid to miners (not including the coinbase value of block rewards). Source: Created with Highcharts Block Size (bytes) Transactions Per Block Median Transaction Value.
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