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The past two weeks has seen the price of bitcoin significantly rise breaking its previous record and reaching a new high. While this is good news for cryptocurrency investors on the other hand unlike before bitcoin transaction are now taking longer time before the get confirmed. As reported here almost 100,000 bitcoin transaction are stuck all waiting to be confirmed and the number keeps increasing as new transaction comes in the stuck ones are either drop off or keep waiting on the long queue (Mempools).
The bitcoin users is rapidly increasing and this in turn increase the number of transaction on the bitcoin network. Given the increase in the number of transaction, miners picks the transaction with a higher fee to be included in their block first while the ones with moderate or low fee are left outbid by the higher ones as a result of this low fee transaction can take hours some even days before they are included in block and confirmed. Therefore I this post I will be showing you 3 possible ways to get your bitcoin transaction or stuck ones confirmed faster.
1. Increase Your Transaction Fee: To prevent your BTC transaction from getting stuck due to the rapid competition for block space, try increasing your transaction fee because its obvious the higher ones get confirmed faster compare to the low transaction fees.
2. Use Bitcoin Fees: Another way to get your BTC transaction confirmed faster is by using sites like Bitcoin fees which helps to monitors bitcoin transaction and in turn predicting bitcoin fees should use for a transaction per bytes.
3. Transaction Accelerator: These third method is applicable to both incoming transactions and stuck transaction which is by making use of the free transaction accelerator offered by mining pool ViaBTC. But you must ensure your transaction fee is minimum 0.1mBTC (0.0001BTC/KB) all you have to do is to submitt your transaction ID fill the captcha and click submit your submitted transaction is prioritized and included in the next block they mine.
4. Try Changing your Wallet : If the delay in confirmation still persist then try changing to a new wallet I suggested you use either of Mycellium, Copay, Coinomi Wallet for now.
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