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Data / Median confirmation time / 2023
How long the median transaction waited to be confirmed, in minutes.
Median confirmation time opened 2023 at 4.5 min (January 1, 2023) and closed at 7.8 min (December 31, 2023), up 76.0%. The high was 18.0 min on August 27, 2023 and the low 4.3 min on January 15, 2023.
| Month | Month end |
|---|---|
| January 2023 | 11.7 min |
| February 2023 | 10.7 min |
| March 2023 | 8.4 min |
| April 2023 | 9.8 min |
| May 2023 | 7.6 min |
| June 2023 | 7.8 min |
| July 2023 | 9.4 min |
| August 2023 | 8.5 min |
| September 2023 | 7.7 min |
| October 2023 | 9.2 min |
| November 2023 | 10.2 min |
| December 2023 | 7.8 min |
The time from a transaction being seen to it landing in a block, for the median transaction that paid a fee. It sits near the ten-minute block time when the mempool is clear and stretches to hours when it is not.
Other years: 2026 · 2025 · 2024 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2023: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Miner prices per terahash · Bitmain releases and the bitcoin price