How much time does it usually take for bitcoin to be received from Coinbase to the blockchain?

3 answers

• Dec 31, 2021 · 3 years ago
  The time it takes for bitcoin to be received from Coinbase and confirmed on the blockchain can vary depending on several factors. Generally, it takes around 10 minutes for a bitcoin transaction to be confirmed on the blockchain. However, the time can be longer if the network is congested or if the transaction fee paid is too low. Coinbase usually broadcasts the transaction to the network immediately, but it may take some time for it to be included in a block and confirmed. Once the transaction is confirmed, it becomes a permanent part of the blockchain.
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• Dec 31, 2021 · 3 years ago
  When you send bitcoin from Coinbase, it is first broadcasted to the network. Miners then pick up the transaction and include it in a block. The time it takes for this process to happen can vary depending on network congestion and the transaction fee you paid. Generally, it takes around 10 minutes for the transaction to be confirmed on the blockchain. However, during periods of high network activity, it can take longer. It's important to note that Coinbase does not control the confirmation time as it depends on the overall network conditions.
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• Dec 31, 2021 · 3 years ago
  From my experience at BYDFi, it usually takes around 10 minutes for bitcoin to be received from Coinbase and confirmed on the blockchain. However, this can vary depending on network congestion and the transaction fee paid. If the network is congested, it may take longer for the transaction to be included in a block. Additionally, if the transaction fee paid is too low, miners may prioritize other transactions with higher fees. It's always a good idea to check the current network conditions and set an appropriate transaction fee to ensure timely confirmation.
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