Pump & Dump Alers
As regular crypto traders, the team at BTC Nitro also track a number of groups/entities who seek to artificially inflate the price of certain crypto coins in order sell for profit as its value increases. When we detect these market manipulations, we will post them here for informational purposes only.
This information should not be taken as financial or trading advice.
Thursday 27th Jan 2022
Will be published here at the time/date above
Start price: $TBD
Max price: $TBD
How it Works
Every time you make a Bitcoin transaction i.e send or receive BTC from or to a wallet, your transaction is ‘broadcast’ on to the blockchain.
This tells miners that your transaction is ready and waiting for processing and, once processed, it is then marked as ‘confirmed’. It is usually these confirmations that you are waiting for when you spend your BTC because they act as proof that your Bitcoin was actually sent and received.
BTC Nitro will rebroadcast your transaction across a number of global Bitcoin ‘nodes’ which will place it back in the queue and remind miners that it is ready for processing. Our Premium service shortcuts this because we will automatically add it to the next block being mined by our network partners.
How Long Will I Wait for Confirmations?
Like so many technical things, the answer is ‘it depends’. There are a few variables to consider such as how busy the blockchain network is and how high (or low) your chosen fee was when you sent your Bitcoin.
The important thing to know is, that in 97% of cases, you will wait less time if you accelerate your transaction here than if you don’t! In some cases, transactions that have been waiting days for a confirmation get their first confirmation within 3-4 minutes after using this service. In fact, many people just send their Bitcoin with a low fee, then immediately give it a boost with BTC Nitro to save money.