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How long does it take for a GDAX transaction to become pending?

avatarRiyaz MohammedDec 29, 2021 · 3 years ago3 answers

Can you tell me how long it usually takes for a transaction on GDAX to become pending? I'm new to trading and I want to understand the process better.

How long does it take for a GDAX transaction to become pending?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Typically, a GDAX transaction becomes pending within a few minutes. However, the exact time can vary depending on network congestion and the transaction fee you set. If the network is busy, it may take longer for your transaction to be confirmed and become pending. It's always a good idea to check the current network status and adjust your transaction fee accordingly to avoid unnecessary delays.
  • avatarDec 29, 2021 · 3 years ago
    When you initiate a transaction on GDAX, it gets broadcasted to the network and waits to be included in a block. This process usually takes a few minutes, but it can take longer during periods of high network activity. Once your transaction is included in a block, it becomes pending and will be confirmed shortly after. You can track the status of your transaction on the GDAX platform to see when it becomes pending and when it gets confirmed.
  • avatarDec 29, 2021 · 3 years ago
    As an expert in the field, I can tell you that GDAX transactions usually become pending within a few minutes. However, it's important to note that the transaction speed can be influenced by various factors, such as network congestion and the transaction fee you set. To ensure faster confirmation, you can set a higher transaction fee. If you have any specific concerns about your GDAX transaction, you can reach out to their customer support for assistance.