Want to know more about Bitcoin Transaction Accelerator?
Well, you are in the right place !!
Imagine that you are a businessman dealing in bitcoins.
You need to pay to another party, and you are using bitcoins because they are a faster mode of payment.
But because you were unaware of the workings of Bitcoin network blockchain and you have sent Bitcoin transactions with meager fees attached to it.
On the other hand, your counterparty is waiting and getting frustrated as you have already claimed that you have paid, which is true also, but still, your transaction is stuck and you’re waiting for your transaction confirmation.
You were unaware that Bitcoin transactions are not instantaneous and they first go to unconfirmed transactions pool, i.e., Bitcoin mempool from where the miners pick these transactions as per the transaction fees attached to the transaction.
And since your transaction fee is already less, it is less likely that your transaction will be picked soon.
So is there any solution?
The solution is BTC Accelerator…
But what are they?
What Is A Bitcoin Transaction Accelerator?
Bitcoin Transaction Accelerator is an off-chain service that accepts an extra fee to deliberately include a particular transaction in the next Bitcoin (BTC) block so that it can accelerate transactions by getting sufficient transaction confirmations.
And no surprise that these BTC transaction accelerator services are run by Bitcoin miners only, whose sole intention is to get block reward and higher block mining fees.
But as you can understand from their workings that these transaction accelerator services are creating an off-chain fee market for the Bitcoin network, which is a useful option to have !!
Useful because if you remember during the last great crypto bull run of December 2017, the Bitcoin network was processing +450,000 transactions per day which had created congestion the network.
This congestion was mainly because miners were picking transactions in priority of transaction fees attached to it and the older transactions with lower fees were stuck from days in the Bitcoin mempool and get your transaction confirmation quickly.
In such cases, you can use Bitcoin transaction accelerators to bump up the fees to get your transaction included in the next Bitcoin block.
That’s why I think you should know about such bitcoin transaction accelerators, just in case you might need one during the next crypto bull run.
Important Note: Bitcoin transaction accelerator service/feature isn’t available for Bitcoin Hardware Wallets, but soon it will be. Currently, it’s only for Software wallets.
|ViaBTC||Free & Paid|
|360 BTC Accelerator||Free|
|Bitcoin Afterburner||Paid Service|
Best Bitcoin (BTC) Transaction Accelerators
These are few Best Bitcoin Transaction Accelerator Services you can use to speed up your Bitcoin Transaction confirmation quickly even though your transaction fees are low:
ViaBTC started this Bitcoin transaction acceleration service in 2017 as a protest against 1 MB block size.
Since then the service is active and gives priority to those transactions that have paid an extra fee for the acceleration of transactions.
ViaBTC’s Transaction Accelerator service is FREE for the community, but they also provide paid accelerator service for special cases such as urgency, extremely low transaction fee, etc.
But their free service and is limited to 100 FREE acceleration per hour. For using this service you need to submit your transaction ID (TXID). On the other hand, you need to include a fee of 0.0001BTC/KB at least, if you are using their paid service.
Lastly, the good thing is that you need your BTC TXID in this format ‘073957ae2439ef7eeb8e962460386244f5339098d69cbc534c677716a7ed0528’ which you can get from Bitcoin Blockchain explorers easily and no sign-up is required to accelerate your stuck transaction.
BTC.com also runs a Bitcoin transaction accelerator but it is not their native service, but they run it in co-operation with other mining pools services.
As the congestion of the bitcoin network and low service fee often lead to the delay of transaction confirmation one can always use the transaction accelerator, developed by BTC.com to speed up the transactions.
Using BTC.com transaction acceleration service, you can increase the probability of confirming the transaction within 1 hour to 75 %, within 4 hours to 98%.
Also, you need to pay for this service as it is not free and the fee can vary depending upon network congestion on Bitcoin’s blockchain.
For example, for this BTC transaction ID (ce346e9dca33c8897e5c7410ae4e75e647e9151690c896f4956c94ac44930e5e) the extra fees that you need to pay to accelerate the transaction is around $12 for which you can pay either in fiat currency or digital currencies.
Lastly, to get the fee estimate, you need to sign-up on this service and service is not refundable as the acceleration is non-retractable.
Another cool BTC transaction accelerator is ConfirmTX.
This bitcoin transaction accelerator allows you to get faster transaction confirmations on your unconfirmed bitcoin transactions and charges $5 for 250+ byte transactions, and all other transactions are processed for free.
Their working style is also pretty much standard where they push your transactions to multiple pools they are partnered with, and even if you pay 0.01$ fees, you still have the chance to get the transaction confirmed through this transaction accelerator service.
The refund policy is straightforward as they do not offer refunds and all sales are final. Plus all transactions will be confirmed within 72 hours, but in most cases, they are confirmed within 12 hours. But if your stuck transaction is not confirmed within 72 hours, they will credit you with a free future acceleration.
Lastly, they also prioritize based on the amount of extra fee you pay for acceleration. For example, if your btc tx has 0 or 0.01$ fees, it can take up to 72 Hours while fees above 0.50$ will be confirmed within 48 hours.
Note: Please make sure your tx doesn’t have unconfirmed bitcoin inputs.
360 Bitcoin Accelerator is another free to use Bitcoin transaction accelerator.
Using this service you can accelerate your bitcoin transactions even if the initial transaction fee is low. But this service doesn’t mine itself nor connects to other miners.
This acceleration service helps in getting unconfirmed bitcoin transactions confirmed much quicker by re-broadcasting them to the network. By re-broadcasting the BTC transactions ID its more likely to get picked up by mining pools, like the Viabtc Pool, which confirms it on the blockchain.
Lastly, no sign-up is required to use this service.
BitAccelerate is another free Bitcoin transaction accelerator that allows you to get faster transaction confirmations on your unconfirmed bitcoin transactions
Using BitAccelerate, you need to enter the BTC transaction ID (TXID) and click the “Accelerate” button, and the service will rebroadcast the transaction via 10 Bitcoin network nodes.
You can resubmit your “Stuck” transaction every 6 hours until it is confirmed and they will keep rebroadcasting it untill it is picked. But please understand that there is no point to rebroadcast it more frequently.
Lastly, spamming will lead you to get banned from using this free service and there is no need to Sign Up or Sign In while using this service.
Which Is The Best Transaction Accelerator?
In general, I don’t believe off-chain transaction accelerators are suitable for the market because they threaten to make parallel fees market outside of the Bitcoin blockchain.
On the other hand, I am wholly supportive of those transaction accelerators and techniques that are natively supported on Bitcoin’s blockchain via Bitcoin wallets, such as Replace-By-Fees (RBF) and Child pays for the parent (CPFP).
But I understand that not everyone can use these techniques because it requires you to have some Bitcoin literacy before being able to use these techniques successfully.
Lastly, another easy and indirect solution to unstuck you Bitcoin transactions is to use segwit addresses which effectively increases the block size thus reducing the transaction fees pressure.