The overall confirmation time of BTC transactions has continued to decline since the last quarter of 2019

Bitcoin's confirmation time averages 10 minutes, depending on several factors. Data disclosed by financial publication LearnBonds shows that overall confirmation time has been declining since the last quarter of 2019. The data shows that it was 8.27 minutes on January 15th and 11.07 minutes in November 2019. Bitcoin's fastest confirmation last year was 8.42 minutes, which happened in May.