How long does it take for a Litecoin purchase to be no longer pending?

3 answers

• Dec 28, 2021 · 3 years ago
  The time it takes for a Litecoin purchase to no longer be pending can vary depending on a few factors. Generally, it can take anywhere from a few minutes to a few hours for the transaction to be confirmed and for the purchase to be completed. However, in some cases, it may take longer, especially during periods of high network congestion. To speed up the process, you can try increasing the transaction fee associated with your purchase. This can incentivize miners to prioritize your transaction and include it in the next block.
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• Dec 28, 2021 · 3 years ago
  When you make a Litecoin purchase, it goes through a process called confirmation. During this process, miners verify the transaction and add it to the blockchain. The time it takes for a purchase to be no longer pending depends on the number of confirmations required by the exchange or wallet you're using. Each confirmation typically takes around 2.5 minutes, so you can estimate the total time by multiplying the number of required confirmations by 2.5. Keep in mind that some exchanges or wallets may require more confirmations for larger transactions, which can extend the waiting time.
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• Dec 28, 2021 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, the time it takes for a Litecoin purchase to be no longer pending can vary. On average, it takes around 15 minutes for a Litecoin transaction to be confirmed and for the purchase to be completed. However, during times of high network congestion, it may take longer. It's important to note that the confirmation time is not solely determined by the exchange, but also by the Litecoin network itself. Factors such as network congestion and transaction fees can affect the confirmation time. If your purchase is still pending after a significant amount of time, it's recommended to reach out to the exchange's customer support for further assistance.
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