Are Bitcoin transactions instant?

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While Bitcoin and other transactions have been (accurately) punted as a fast and reliable means of exchange, a common question is often whether Bitcoin transactions are as instant as (or faster than) bank transfers.

The short answer to this question is no. The Bitcoin network is capable of processing a finite number of transactions per ‘block’, which network participants (called miners) will verify. The process of verifying a block and listing transactions on the Bitcoin blockchain can take as long

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