common-close-0
BYDFi
Trade wherever you are!

How long does it usually take for a pending transaction to be confirmed in the blockchain?

avatarCarlo SperatiDec 24, 2021 · 3 years ago3 answers

When I make a transaction using a cryptocurrency, it sometimes shows as pending. How long does it typically take for a pending transaction to be confirmed in the blockchain?

How long does it usually take for a pending transaction to be confirmed in the blockchain?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    The time it takes for a pending transaction to be confirmed in the blockchain can vary depending on several factors. One of the main factors is the network congestion. If the network is busy with a high volume of transactions, it may take longer for your transaction to be confirmed. Additionally, the transaction fee you set can also affect the confirmation time. Higher transaction fees often result in faster confirmation. On average, it can take anywhere from a few minutes to a few hours for a pending transaction to be confirmed in the blockchain.
  • avatarDec 24, 2021 · 3 years ago
    Ah, the waiting game of pending transactions. It can be frustrating, but fear not! The time it takes for a pending transaction to be confirmed in the blockchain is influenced by a few things. First, the network congestion plays a role. If the network is jam-packed with transactions, it might take a bit longer for yours to get through. Second, the transaction fee you set matters. Higher fees can speed things up. On average, you're looking at a few minutes to a few hours for that confirmation to come through. Hang in there!
  • avatarDec 24, 2021 · 3 years ago
    When it comes to pending transactions, the confirmation time can vary. It depends on factors like network congestion and the transaction fee you set. If the network is congested, it might take longer for your transaction to be confirmed. Similarly, if you set a lower transaction fee, it could take more time. On average, it usually takes a few minutes to a few hours for a pending transaction to be confirmed in the blockchain. Just be patient, and your transaction will eventually go through!