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 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 so that miners can retrieve and process it.
However, miners do not need to confirm any transaction immediately. Instead, miners prioritize transactions with the highest fees, since they are paid in transaction fees along with mining rewards.
The transaction confirmation process consists of at least three conformations. The Bitcoin blockchain itself is already overrun with a long queue of pending transactions in the mempool, where transactions await processing. So if you’re doing a low-cost transaction and the blockchain is particularly busy, you might be waiting a while to receive full confirmation.
This is where Bitcoin transaction accelerators come in. By using an accelerator, you are essentially resubmitting your transaction to increase the chance of a miner picking it up. Bitcoin miners operate accelerator sites, which are either free or paid. Paid accelerators will prioritize your transaction, while free accelerators will not give it as much importance. Either way, the process involves reminding the miners that your transaction is not yet complete.
So let’s get into the best Bitcoin transaction accelerators.
The Best Bitcoin Accelerators
1. BitAccelerate
BitAccelerate is a popular Bitcoin transaction accelerator that is completely free to use. Using BitAccelerate is very easy, as shown in the screenshot above. All you have to do is enter your Transaction ID (TXID) in the provided box and you will resend the transaction in the network to ten separate nodes (or miners).
BitAccelerate allows you to broadcast the same transaction once every six hours until it is processed. You can also check the transaction confirmation status using BitAccelerate.
Because BitAccelerate is free, it’s worth noting that your retransmitted transaction may not be given the same priority as those retransmitted with a fee. Again, miners are looking to make money, so it is important that they prioritize paid retransmissions 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 try to speed up the transaction without shelling out money, this website is definitely worth a try.
2. ViaBTC
The ViaBTC platform offers a variety of services, including mining pools, an exchange, and a Bitcoin transaction accelerator. ViaBTC’s transaction accelerator is super simple and can be used either for free or for a fee.
ViaBTC’s free accelerator will resend your transaction, which must be no larger than 0.5 KB. You can submit up to 100 transactions for free every hour. With ViaBTC’s paid accelerator, there is no size limit and all cooperating mining pools are 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 the accelerator will not always succeed. This can be due to a number of reasons, such as a transaction that is too large, a fee that is too low, or a previously unverified transaction. So follow ViaBTC’s rules carefully before submitting a transaction to accelerate.
3. BTC Nitro
BTC Nitro is another transaction accelerator that offers both a free and paid service. Using BTC Nitro’s free service, you can confirm your transaction by resending it in the network to both public and private nodes. This is not a guaranteed process and is best for transactions that are stuck or have been dropped from the mempool. Like ViaBTC, you can broadcast your transaction for free once every six hours.
On the other hand, you can use BTC Nitro’s paid service, which prioritizes your transaction and puts it into a mining pool. This will automatically add the transaction to the next block for faster confirmation.
BTC Nitro guarantees that your transaction, via their paid service, will be completed within 24 hours or you will be refunded. Each accelerated transaction costs $25, which can be paid for in Bitcoin. Because this is by no means a small fee, you can always try to resend the transaction via the free service first.
4. Confirm TX
ConfirmTX is a paid Bitcoin transaction accelerator that is fast and easy to use. You must first paste the pending transaction ID in the provided box on the home page. Then ConfirmTX will give you the acceleration fee you have to pay. Then, once the fee is paid, ConfirmTX states that your transaction will be bumped to the front of the queue for faster processing.
ConfirmTX claims that your acceleration fee will be refunded in full if your transaction is not confirmed in less time. But be careful about paying for an accelerated transaction if you don’t trust the site completely.
Speed Up Your Bitcoin Transactions!
As the Bitcoin network becomes more popular, 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 stuck transaction, check out one of the accelerators above to give it a boost.
