The recent spike in Bitcoin transaction fees has resulted in a lot of Bitcoin unconfirmed transactions. The main reason is the reluctance by users to pay high fees and also because of the Bitcoin network congestion.
If you are someone whose Bitcoin transaction did not confirm due to the same reason and you want to know what you need to do in order to solve this problem now or from next time onwards then you have come to the right place.
How a Bitcoin transaction gets unconfirmed?
A Bitcoin transaction needs a minimum of 1 confirmation to get transferred from one wallet to another wallet. A transaction will only get confirmed when miners include it in a block. If they do not include it in a block it will remain as an unconfirmed transaction and may get stuck for days or weeks until miners pick it up. It mostly depends on the fee, the lower is your fee the longer it will take to confirm.
Steps to avoid Bitcoin Unconfirmed Transactions
In this guide, we will be discussing what steps you need to follow in order to avoid unconfirmed Bitcoin transactions. There are primarily 5 steps that we will be discussing here which will help you in getting a confirmation faster and they are –
1. Choose the right Fee:
Choosing the right fee is very crucial for a Bitcoin transaction to get confirmed. Although most wallets do provide an idea of what will be the ideal fee and duration for a transaction to get confirmed, due to the high USD value of fees we tend to lower the amount.
To counter this issue you can visit mempool.space, to check the network traffic rate and what will be the ideal fee required to get your transaction confirmed faster.
If still, your transaction does not confirm within the specified time then you can check for the Bitcoin network for congestion.
2. Check Bitcoin Network:
There is no defined reason for Bitcoin’s network getting congested but, it seems it happens more often whenever the fiat value of Bitcoin pumps or gets dumps. Network congestion is the main reason why the Bitcoin lightning network has been invented.
To check whether the network is congested or not you can visit the below websites –
The listed websites are all self-explanatory, you do not need much science to understand those graphs displayed of Bitcoin’s network congestion. I personally prefer the first one as it is more descriptive than all the rest
If at all there isn’t any network congestion involved in your Bitcoin transaction not getting confirmed or if it is then follow the below step.
3. Rebroadcast the transaction:
Rebroadcasting an unconfirmed transaction means rebroadcasting the same transaction to the servers to try and get your transaction re-propagated through the network.
You need to rebroadcast an unconfirmed transaction if possible in a regular interval until it gets confirmed.
You still can rebroadcast a transaction when there is network congestion but in my experience, it hardly works. Most Bitcoin wallets like Mycelium wallet have this feature.
It is more useful when your transaction gets dropped from the mempool for being unconfirmed for too long.
4. Bump the Fee:
If you are not aware of this step then let me tell you it is one of the highly recommended ways of accelerating a transaction or in other words getting Bitcoin unconfirmed transactions, confirmed.
This feature is available in most wallets under settings by either the name of RBF (replace-by-fee) or by the name of CPFP (child-pays-for-parent).
What it does is that it modifies and re-issue an unconfirmed transaction by not only allowing to pay the old fee but also the new fee of the transaction that is being re-issued.
You have to enable this feature before sending any Bitcoins from your wallet otherwise it won’t work. After completing a transaction you can visit Blockchair to check whether this feature is active or not.
5. Use Transaction accelerator or Wait for the weekend:
I do not recommend a transaction accelerator as generally they take the money and do nothing. But if you still want to give it a try then try the following websites.
They both provide this service for free but still, there is no guarantee that it will work for you but you can always give it a try.
If your Bitcoins did not get confirmed because of network congestion then you need to wait till the weekend as most I have seen a lot of unconfirmed transactions getting confirmed in this period.
In the End:
The majority of Bitcoin unconfirmed transactions cases, primarily happen because of reduced miner fee at the time of that transaction. Therefore always ensure you select the right transaction fee before sending any Bitcoin.
With the sudden increase or decrease in Bitcoin USD value, there is always the chance of Bitcoin network congestion. Therefore avoid doing Bitcoin transactions in those periods and always check Bitcoin mempool.
There is still no set reason for network congestion hence, make a habit of checking the mempool before initiating any transaction on the Bitcoin network.
I hope this guide helps you and if you have any queries related to it then do leave your comment below. If you have not joined our community then you can now. We are very active there and have been sharing important information there.
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