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Only once the transaction has three confirmations, will you be able to send your Bitcoin to somebody else or sell it. These confirmations usually happen faster than on the Bitcoin network. Transactions must be confirmed on the Bitcoin or Ethereum blockchain before they are considered valid. Confirmation times depend on the transaction fee paid by the sender. If the fee is high enough, Bitcoin transactions can obtain three confirmations in as little as 30 minutes. If the fee is low, it may take days for a transaction to be confirmed.
If your incoming Bitcoin or Ethereum receive transaction is not being confirmed, we can only recommend being patient or approaching the sender and asking them to redo the transaction with a higher fee. What does it cost to use Luno? Does Luno charge any fees? How do I receive Bitcoin or Ethereum?
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