What does an unconfirmed transaction mean?

Why is my transaction still unconfirmed?

Your wallet and any Bitcoin node will show it as unconfirmed, your transaction is stuck in limbo. Block sizes are limited, which means that only a limited number of transactions can be processed in a certain timeframe.

Can you spend unconfirmed transactions?

There is nothing wrong with spending unconfirmed outputs. Bitcoin core will happily spend its own unconfirmed outputs, though it does prefer not to if it has a choice. Your transaction can't confirm until its parent does, but otherwise it's treated like any other transaction.

How long does an unconfirmed Bitcoin transaction take?

This can take anywhere from five minutes to an hour, depending on the Bitcoin network. However, some Bitcoin transactions can take longer to be confirmed by miners. If you believe your transaction is taking longer than usual to be confirmed it could be due to mempool congestion and fees.

What happens to an unconfirmed Bitcoin transaction?

If a transaction goes unconfirmed for too long, it will eventually disappear from the network. Most clients will remove it from their pool of unconfirmed transactions at some point. When most clients have removed it, you can go ahead and send the transaction again, this time with a higher fee.

Can a Bitcoin transaction be unconfirmed forever?

4 Answers. If a transaction goes unconfirmed for too long, it will eventually disappear from the network. Most clients will remove it from their pool of unconfirmed transactions at some point. When most clients have removed it, you can go ahead and send the transaction again, this time with a higher fee.

Can a bitcoin transaction be unconfirmed forever?

4 Answers. If a transaction goes unconfirmed for too long, it will eventually disappear from the network. Most clients will remove it from their pool of unconfirmed transactions at some point. When most clients have removed it, you can go ahead and send the transaction again, this time with a higher fee.

Why is Mempool taking so long?

When there's a dramatic spike in transaction activity, the mempool can become congested because so many transactions are waiting to be included in the next block. … In most cases, your transactions will eventually confirm. It may just take longer than usual to do so.

What happens if my bitcoin is unconfirmed?

A Bitcoin user can't reverse a Bitcoin transaction after confirmation. However, they can cancel a transaction if unconfirmed. A Bitcoin transaction is unconfirmed if the blockchain doesn't approve it within 24 hours. Miners must confirm every transaction via the mining process.

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