Do not use Bitcoin for time-sensitive transactions!

Hi Traders:

Do not use Bitcoin for time-sensitive transactions again.

There are customers who buy Bitcoin (BTC) and it doesn’t matter how long it takes for the crypto to reflect in their wallets. Things will be fine.

However, there are transactions that are time-limited. Once you generate a wallet from the vendor or the merchant website, the crypto must come within 15 minutes or less or more (it may be 10 minutes or 20 minutes), and after the given time (let’s say 15 minutes), the transaction/wallet would become invalid, and any crypto sent into it would be lost.

For a time-sensitive transaction, once the allocated time has elapsed, a new wallet address needs to be generated for another time-sensitive transaction to be done… The expired wallet address can no longer accept crypto, otherwise your money is gone.

And it doesn’t matter if the crypto was sent on time, as long as it doesn’t get deposited into that temporary wallet address after the stipulated time, it is lost.

Bitcoin isn’t good for such time-limited transactions, because it takes a number of network confirmations for a BTC transaction to be confirmed and that can take from several minutes to hours or days or weeks.

Excessive transaction delays is one of the weakness of Bitcoin and that is one reason why other popular altcoins were created (the only exception is the BTC lightning network). There may be congestion period for those altcoins as well, but they don’t delay (they can only lead to slightly higher fees).

There were times I had waited for days or weeks for Bitcoin transactions to get confirmed and this usually happens during network congestions.

Now if you use BTC for a time-sensitive transaction and there is a congestion, the transaction time limit could have expired before the BTC gets deposited and the crypto will be lost.

For such time-limited transactions, cryptos that get deposited fast like USDT, BNB, SOL, ADA, etc. are your best bet. The most popular one is USDT.

Please try to understand the kind of message we are trying to pass across… In your own interest.

Stop using Bitcoin for time-sensitive transactions!

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