How does a pending transaction affect my cryptocurrency balance?

3 answers

• Jan 12, 2022 · 3 years ago
  When a transaction is pending, it means that it has been initiated but has not yet been confirmed by the network. During this time, the amount of cryptocurrency involved in the transaction is temporarily deducted from your balance. Once the transaction is confirmed, the deducted amount will be permanently transferred to the recipient's account. If the transaction fails to be confirmed, the deducted amount will be returned to your balance. It's important to note that the time it takes for a transaction to be confirmed can vary depending on the cryptocurrency network's congestion and the transaction fee you've set.
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• Jan 12, 2022 · 3 years ago
  Pending transactions can have a temporary impact on your cryptocurrency balance. The amount involved in the transaction will be temporarily deducted from your balance until the transaction is confirmed. Once confirmed, the deducted amount will be permanently transferred to the recipient's account. If the transaction fails to be confirmed, the deducted amount will be returned to your balance. It's a normal part of the cryptocurrency transaction process, so there's no need to worry if you see a temporary decrease in your balance.
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• Jan 12, 2022 · 3 years ago
  When a transaction is pending, it means that the cryptocurrency involved in the transaction is temporarily held in a pending state. This can affect your balance because the pending amount is deducted from your total balance until the transaction is confirmed. Once confirmed, the deducted amount will be permanently transferred to the recipient's account. If the transaction fails to be confirmed, the deducted amount will be returned to your balance. At BYDFi, we ensure that pending transactions are processed as quickly as possible to minimize any impact on your balance.
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