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One item to be wary major benefits of Bitcoin is of the traditional banking system.
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How long does a Bitcoin transaction take?How long will my Bitcoin transaction be listed as pending? ; Fee setting. Estimated time to confirm transaction ; Eco. Less than 60 minutes ; Fast. Less than A Bitcoin transaction confirmation usually takes around 10 minutes. However, this can vary depending on the number of transactions being processed at any given. The average time for one Bitcoin confirmation has recently ranged anywhere from 30 minutes to over 16 hours in extreme cases.