What are the best practices to prevent bitcoin transactions from being unconfirmed?

3 answers

• May 11, 2022 · 3 years ago
  One of the best practices to prevent bitcoin transactions from being unconfirmed is to include a sufficient transaction fee. When you send a bitcoin transaction, you can choose the fee amount. Higher fees generally result in faster confirmations. It's important to check the current fee recommendations to ensure that your transaction fee is competitive. Additionally, you can use a bitcoin wallet that supports replace-by-fee (RBF) or child-pays-for-parent (CPFP) mechanisms, which allow you to increase the fee of an unconfirmed transaction or include additional transactions to incentivize miners to confirm your transaction.
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• May 11, 2022 · 3 years ago
  To prevent bitcoin transactions from being unconfirmed, it's crucial to double-check the recipient's address before sending the transaction. Bitcoin transactions are irreversible, so if you accidentally send funds to the wrong address, it's nearly impossible to recover them. Always verify the address character by character and consider using copy-paste to avoid any typos. It's also recommended to use a wallet with address verification features to minimize the risk of sending funds to the wrong address.
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• May 11, 2022 · 3 years ago
  At BYDFi, we understand the importance of preventing bitcoin transactions from being unconfirmed. One way to achieve this is by using a Segregated Witness (SegWit) enabled wallet. SegWit is a protocol upgrade that increases the block size limit and improves transaction efficiency. By using a SegWit wallet, you can reduce the transaction size and potentially lower the fee required for confirmation. This can help ensure that your bitcoin transactions are processed quickly and avoid being stuck in the unconfirmed state.
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