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What Happens To Unconfirmed Bitcoin Transactions And How To Fix ThemAccording to the Bitdegree article you provided, NEO has a transaction speed of around 15 transactions per second (TPS). While this is significantly faster than. Although on average, the Bitcoin protocol dictates that a transaction should take 10 minutes, the time can deviate from that based on. Bitcoin's transaction times can vary greatly, ranging anywhere from ten minutes to one day. However, it will usually take between thirty minutes and two hours.