How to follow a Bitcoin transfer?

Related financial instrument : BITCOIN
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Transfer to Bitcoin



All Bitcoin transfers go through the Bitcoin blockchain . If you transfer Bitcoins from one BTC wallet to another BTC wallet, you will be able to follow the status of your transaction on the blockchain live. Simply enter the address of one of the two wallet in the search bar of Bitcoin Block Explorer - Blockchain (https://blockchain.info/fr).

Initially, the transaction is called “unconfirmed" and looks like this:

transaction unconfirmed blockchain bitcoin
After several security confirmations, the transaction is validated and looks like this:
transaction confirmed blockchain bitcoin

Estimated time to confirm a Bitcoin transaction



Although Bitcoin transfers initially only take a few seconds/minutes, Bitcoin is now a victim of its own success. The Bitcoin blockchain gets saturated. The transfer time for Bitcoins can now be several hours/days/weeks... depending on the current blockchain saturation level.

It is important to check the blockchain’s status before making a Bitcoin transaction. You can consult the total number of unconfirmed transactions on the Bitcoin blockchain, in real time, at this address: https://blockchain.info/fr/unconfirmed-transactions

It is difficult to estimate, at this time, how long it will take for your transaction to be validated; I just know from experience that at around 100,000 unconfirmed transactions you will have to wait about 15 to 20 minutes to see your transaction confirmed. But some people on the net say they have waited several days before seeing their transaction confirmed.

Therefore, favour carrying out Bitcoin transfers during off-peak hours when the blockchain is not saturated.

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