Bitcoin is the most valuable and well-known cryptocurrency in the world. But this popularity has given way to a lot of traffic on the Bitcoin blockchain, which in turn has led to long transaction times. Because of this, Bitcoin transaction accelerators have been widely used. But what is a Bitcoin transaction accelerator and which one is best for you?
What is a Bitcoin Transaction Accelerator?
Bitcoin transaction accelerators are websites that you can use to hopefully process a Bitcoin transaction faster. Within Bitcoin’s blockchain network, it is up to miners to verify transactions and maintain the security of the ecosystem. When a transaction is executed, it is broadcast for miners to retrieve and process it.
However, miners do not have to confirm any trade immediately. Instead, miners prioritize transactions with the highest fees, as they are paid in transaction fees along with mining rewards.
The transaction verification process consists of a minimum of three conformations. The Bitcoin blockchain itself is already awash with a long queue of pending transactions in the mempool, where transactions await processing. So if you are making a low-fee transaction and the blockchain is particularly busy, you may have to wait quite some time to receive full confirmation.
This is where Bitcoin transaction accelerators come in. Using an accelerator, you are essentially rebroadcasting your trade to increase the chances of a miner picking it up. Bitcoin miners have accelerator sites, which are free or paid. Paid accelerators prioritize your transaction, while free accelerators give it less importance. Either way, the process involves reminding the miners that your transaction has yet to be finalized.
So let’s get into the best Bitcoin transaction accelerators.
The best Bitcoin accelerators
1. Bit Accelerate
BitAccelerate is a popular Bitcoin transaction accelerator that is completely free to use. Using BitAccelerate is very simple as seen in the screenshot above. All you need to do is enter your transaction ID (TXID) in the box provided and you will have your transaction rebroadcast across the network to ten separate nodes (or miners).
BitAccelerate allows you to rebroadcast the same transaction every six hours until it’s processed. You can also check the status of your transaction confirmation with BitAccelerate.
Since BitAccelerate is free, it’s worth noting that your rebroadcast may not be as highly prioritized as paid ones. Again, miners want to make a profit, so it’s important that they prioritize paid rebroadcasts so that users continue to use the paid service for faster confirmations.
But this does not mean that BitAccelerate is useless. If you want to speed up your transaction without paying cash then this website is definitely worth a try.
The ViaBTC platform offers a range of services including mining pools, an exchange, and a Bitcoin transaction accelerator. ViaBTC’s transaction accelerator is super simple and can be used for free or for a fee.
ViaBTC’s free accelerator will rebroadcast your transaction, which should not exceed 0.5 KB. You can submit up to 100 trades every hour for free. With ViaBTC’s paid accelerator, there is no size limit and all cooperative mining pools will be notified of your pending transaction, which will then be prioritized for confirmation. You can pay for this service with Bitcoin, Bitcoin Cash or Litecoin.
But ViaBTC has warned users that its accelerator will not always succeed. This could be for a variety of reasons, such as a transaction that is too large, a fee that is too low, or a previously unconfirmed transaction. So carefully follow ViaBTC’s rules before submitting a trade to speed up.
3. BTC Nitro
BTC Nitro is another transaction accelerator that offers both a free and a paid service. Using BTC Nitro’s free service, you can confirm your transaction by rebroadcasting it to both public and private nodes within the network. This is not a guaranteed process and is best for transactions that are stuck or deleted from the mempool. Like ViaBTC, you can rebroadcast your trade for free once every six hours.
On the other hand, you can use BTC Nitro’s paid service, which prioritizes your transaction and enters it into a mining pool. This will automatically add your trade to the next block for faster confirmation.
BTC Nitro guarantees that, through their paid service, your transaction will be completed within a maximum of 24 hours, or you will be refunded. Each expedited transaction costs $25, which can be paid in Bitcoin. Since this is by no means a small fee, you can always try rebroadcasting your transaction through the free service first.
ConfirmTX is a paid Bitcoin transaction accelerator that is fast and easy to use. You must first paste your pending transaction ID into the box provided on the homepage. Then ConfirmTX will give you the acceleration fee you need to pay. Once the fee is paid, ConfirmTX will indicate that your transaction will be placed first in the queue for faster processing.
ConfirmTX claims that your acceleration fees will be refunded in full if your transaction is not confirmed in less time. But be careful about paying for an expedited transaction if you don’t fully trust the site.
Speed up your Bitcoin transactions!
As the Bitcoin network grows in popularity, super-fast transactions are becoming a rarity, with some users waiting several hours or even days for confirmation. This is why Bitcoin transaction accelerators are useful. So, if you think you’re dealing with a stalled transaction, check out one of the accelerators above to give it a boost.