What is a transaction accelerator?
A transaction accelerator is a service that helps speed up the confirmation process of cryptocurrency transactions, especially during network congestion or when a user has set low transaction fees. By using this service, transactions will be prioritized by the miners and can be confirmed quicker than they otherwise would be.
How to use the BTC transaction accelerator on Binance Pool?
1. Login to your Binance account and click [More] - [Mining Pool].
2. Select [BTC Transaction Accelerator].
3 . Enter the transaction ID (TxID) to be accelerated. For more details, please refer to How to Find My Transaction ID (TxID).
4. Check and confirm the TxID. You’ll also see the estimated cost. Click [Pay to accelerate].
5. Make payment by scanning the QR code with your Binance app, or click [Continue on Browser] to proceed on the current device. Do not close the window until the payment is confirmed.
6. Select a payment method and currency. Please confirm the order within the time displayed, or the payment amount will be recalculated.
7. After completing the payment, you can view the acceleration details on the [Acceleration History] page.
Notes:
- The time it takes to confirm your transaction after using a transaction accelerator varies based on several factors, including network traffic, transaction fees, and the involvement of mining pools. While accelerators aim to speed up the confirmation process, a specific timeframe cannot be guaranteed.
- Typically, transaction accelerators can get your transactions confirmed within the next few blocks. However, it ultimately depends on the mining resources and the network’s state. A transaction accelerator only increases the likelihood of your transaction getting confirmed faster than usual, but it cannot guarantee the exact confirmation time.
- You cannot cancel transaction acceleration requests, and no refunds will be provided.
For more details, please refer to Frequently Asked Questions on Binance BTC Transaction Accelerator.