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Home > News > Industry News > Bitcoin transactions suffering.....

Bitcoin transactions suffering long delays

  • Author:Ella Cai
  • Release on:2017-12-18
It is currently taking four and a half hours to sell or buy a Bitcoin, reports Business Insider.

Each sale or purchase has to be confirmed by six miners.

Miners prioritise the highest priced transaction and they also charge a reported $26 per trade.

When the crash comes, the time transactions take and the fees charged for the transactions, are expected to rise exponentially.