Bitcoin Fees and Unconfirmed Transactions | Mempool Explained
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 Published On May 23, 2022

In this video I show you why your Bitcoin transaction is still unconfirmed and show you how to use the mempool on your umbrel full node or hosted on mempool.space.

Bitcoin settles on the blockchain every 10 minutes but if your fee (sat/byte) is low like mine was when I purchased my ColdCard Mk4 using Strike (the best way to spend BTC - by using USD and avoiding capital gains taxes) it might take a long time for your transaction to get confirmed if the network is clogged up (something that happens during bull/bear markets where lots of people are trying to move bitcoin on chain).

Because of how slow the base Bitcoin blockchain is, if you are going to purchase something using Bitcoin I recommend using the lightning network (when you don’t need the security assurances of the main chain - don’t buy a house over lightning) when possible to avoid fees and to settle your transaction immediately.

⚡️ Checkout Strike the fastest way to buy Bitcoin with low fees! Verify your Account and Earn $5: https://rhett.blog/strike
🖥 Set up your own Full Node:    • Run a Bitcoin Full Node! Lightning Ne...  
🚀 Hosted Version of Mempool: https://mempool.space

Finding Your Transaction 0:00
Mempool.space vs Umbrel Full Node: 0:38
Using Mempool 1:19
Transaction Confirmed 2:45
How Does the Mempool Work? 3:49

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