As a cryptocurrency user, you may have experienced long confirmation times for your bitcoin transactions. This can be frustrating, especially if you are in a hurry to complete a transaction. Fortunately, there is a way to speed up your transaction and get it confirmed faster. This method involves pushing an unconfirmed bitcoin transaction.
What is an unconfirmed bitcoin transaction?
When you send bitcoins to someone, your transaction is broadcast to the network of computers that validate and confirm bitcoin transactions. Each computer on the network receives your transaction, verifies it, and adds it to a pool of pending transactions. Miners who validate transactions prioritize the ones with the highest transaction fees. They then work on solving complex mathematical problems to add the transaction to a block on the blockchain.
An unconfirmed bitcoin transaction is one that has been broadcast to the network but has not been added to a block on the blockchain. This can happen for several reasons, including low transaction fees, network congestion, or a malfunctioning node on the network.
How to push an unconfirmed bitcoin transaction?
If you have an unconfirmed transaction and want to speed up the confirmation process, you can try pushing the transaction. This involves rebroadcasting the transaction to the network with a higher transaction fee, making it more attractive to miners.
Here are the steps to push an unconfirmed bitcoin transaction:
Step 1: Check your transaction status
Before you can push your transaction, you need to check its status. You can do this by searching for your transaction ID on a blockchain explorer like Blockchair or Blockchain.info. This will give you information about the transaction, including its confirmation status, the number of confirmations, and the transaction fee.
Step 2: Calculate an appropriate fee
To push your transaction, you will need to increase the transaction fee. This fee is paid to miners for validating your transaction and adding it to the blockchain. The higher the fee you offer, the faster your transaction will be confirmed.
To calculate an appropriate fee, you can use a bitcoin fee estimator tool like Bitcoinfees.net or Earn.com. These tools provide an estimate of the minimum fee required to get your transaction confirmed within a certain timeframe.
Step 3: Use a transaction accelerator
If you have a high-priority transaction and need it confirmed quickly, you can use a transaction accelerator service. These services allow you to pay a fee to prioritize your transaction and get it confirmed faster.
One popular transaction accelerator is ViaBTC. This service allows you to submit your transaction ID and pay a fee to push your transaction to the front of the queue. Other transaction accelerators include BTC.com and AntPool.
Step 4: Wait and monitor
After you have pushed your transaction, you will need to wait for it to be confirmed. This can take a few minutes or several hours, depending on the network congestion and the fee you paid. You can monitor the status of your transaction using a blockchain explorer.
Conclusion
Pushing an unconfirmed bitcoin transaction is a useful technique for getting your transaction confirmed faster. By increasing your transaction fee and using a transaction accelerator, you can ensure that your transaction is prioritized by miners and added to the blockchain quickly. However, it is important to note that pushing a transaction can be expensive, so it is best to avoid this situation by setting an appropriate transaction fee from the start.