Bitcoin is the best-known and most valuable digital currency in the world. But because of Bitcoin’s popularity, there is a lot of traffic on the Bitcoin blockchain, meaning that transactions take a long time. Because of this, many people now use tools that speed up Bitcoin transactions.
What’s a Bitcoin Transaction Accelerator?
Bitcoin transaction accelerators are internet sites that can speed up the time it takes to process a Bitcoin transaction. In Bitcoin’s blockchain network, it is up to miners to confirm transactions and keep the ecosystem safe. When a transaction is made, the information is sent out so that miners can pick it up and process it.
Miners aren’t required to confirm every transaction right away, though. Miners focus on transactions with the highest costs because they get paid in transaction costs and mining rewards. At least three confirmations are made during the process of verifying a transaction.
The mempool, where transactions wait to be processed, is already full of transactions that haven’t been processed yet. So, if you do a low-fee transaction when the blockchain is very busy, you may have to wait a long time to get full confirmation. This is where tools that speed up Bitcoin transactions come in.
When you use an accelerator, you are rebroadcasting your payment to make it more likely that a miner will pick it up. Sites that speed up Bitcoin mining are either free or cost money. Paying for an accelerator will put your transaction at the top of the list, but a free one won’t care as much about it. In either case, you must remind the laborers that your transaction has not yet been completed.
BitAccelerate is a popular and free service that speeds up Bitcoin transactions. As the screenshot above shows, it’s easy to use BitAccelerate. All you have to do is type your Transaction ID (TXID) into the box, and your transaction will be sent to ten different nodes in the network (or miners).
BitAccelerate lets you send out the same transaction every six hours until it is processed. You can also use BitAccelerate to check the status of your transaction confirmation. Since BitAccelerate is free, it’s important to remember that your rebroadcast transaction might not get as much attention as those that pay a fee.
Again, miners want to make money, so they must prioritize paid so that people continue to pay for faster confirmations through the paid service. But this doesn’t mean that BitAccelerate is useless. This website is worth a try if you want to try to speed up your transaction without having to pay money.
The ViaBTC platform has several services, such as mining pools, an exchange, and a way to speed up Bitcoin transactions. The transaction accelerator from ViaBTC is very easy to use and can be used for free or a fee. Your transaction, which can’t be bigger than 0.5KB, is rebroadcast by ViaBTC’s free accelerator.
Every hour, you can send up to 100 transactions for free. With ViaBTC’s paid accelerator, there is no limit on the size of your transaction, and all of the mining pools that work together will be notified of it. Your transaction will then be given priority to be confirmed. You can use either Bitcoin, Bitcoin Cash, or Litecoin to pay for this service.
But ViaBTC has told its users that the accelerator won’t always work. This could be because of a transaction that is too big, a fee that is too low, or a transaction that hasn’t been confirmed yet. So, ensure you carefully follow ViaBTC’s rules before you send a transaction to accelerate.
BTC Nitro is another transaction speeder that can be used for free or a fee. Using BTC Nitro’s service for free, you can rebroadcast your transaction to both private and public nodes on the network to confirm it. This method is best for transactions that have gotten stuck or removed from the mempool.
Like with ViaBTC, you can freely retransmit your transaction once every six hours. On either hand, you can pay for BTC Nitro’s service, which puts your transaction at the top of the list and adds it to a mining pool. This will add your fund’s transfer to the next block so it can be confirmed faster.
BTC Nitro promises that if you pay for their service, your transaction will be completed in no more than 24 hours, or you will get your money back. Each accelerated economic theory states $25, which can be paid with Bitcoin. This is not a small fee, so you could always try to repeat your transaction through the free service first.
ConfirmTX is a service that speeds up Bitcoin transactions for a fee. It is simple and quick to use. First, you must copy and paste your awaiting Transaction ID into the box on the homepage. Then, ConfirmTX will tell you how much you need to pay to speed up the process.
Then, ConfirmTX says that once the fee is paid, your transaction will be moved to the front of the line so it can be processed faster. ConfirmTX says that you will get your acceleration fee back in full if your transaction is not confirmed in less time. But if you don’t trust the site, you should be careful about paying for a faster transaction.
Accelerate Your Bitcoin Transactions!
As the Bitcoin network grows, transactions that happen very quickly are becoming less common. Some users have to wait hours or even days for confirmation. This is why transaction business incubators are useful for Bitcoin. So, if you believe a transaction is stuck, try one of the above accelerators to get it moving again.