What's the difference between standard and high-priority Bitcoin transactions?

What's the difference between standard and high-priority Bitcoin transactions?

We at Xapo Bank created an in-app-built option for your Bitcoin transfers to be processed based on your needs. You may opt between selecting a high or a standard priority when performing a Bitcoin withdrawal.

High-priority transactions are processed faster, thus, having a higher cost, which as result outbid other transactions in the queue. Standard priority on the other hand may be aimed at those transactions of no urgent nature, thus, having a lower cost. Still, we will be keen on providing you with a timely experience.

The speed of your transactions is also subject to the Blockchain's volume at the time. You may weigh factors like the size of the transaction, the urgency, and the network peak times to choose your best approach.

If you require further assistance, please reach out to one of our advisors at [email protected] or via the in-app chat.