How long does it take for a payment to be confirmed?
Asked a year ago
The time it takes for a payment to be confirmed on BitPay varies depending on the type of transaction and the network congestion. For Bitcoin (BTC) payments, it typically takes about 10 minutes for the first confirmation to be received. Subsequent confirmations come faster, with an average block time of 10 minutes. However, in some cases, it may take longer if the network is busy. For Bitcoin Cash (BCH) and other supported cryptocurrencies, confirmation times may vary. BitPay follows the industry-standard practice of waiting for multiple confirmations before considering a transaction as finalized. This ensures security and protects against potential network reorganizations. Additionally, it's worth noting that BitPay may require additional verification steps for specific transactions, which can also affect the overall time for payment confirmation.
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