How to deal with network congestion on Binance and ensure smooth transactions?
PoyanDec 24, 2021 · 3 years ago3 answers
I'm experiencing network congestion issues on Binance, which is causing delays and disruptions in my transactions. How can I effectively deal with this problem and ensure smooth transactions on the platform?
3 answers
- Dec 24, 2021 · 3 years agoOne possible solution to deal with network congestion on Binance is to use the Binance Smart Chain (BSC) instead of the Ethereum network. BSC offers faster and cheaper transactions compared to Ethereum, which can help mitigate the impact of network congestion. By using BSC, you can enjoy smoother transactions and avoid delays caused by high network traffic.
- Dec 24, 2021 · 3 years agoWhen facing network congestion on Binance, it's important to optimize your transaction settings. Make sure to set an appropriate gas fee to prioritize your transaction and increase the chances of it being included in the next block. Additionally, consider using limit orders instead of market orders, as they can help reduce the impact of network congestion by allowing your transaction to be executed at a specific price rather than immediately.
- Dec 24, 2021 · 3 years agoAt BYDFi, we understand the frustration caused by network congestion on Binance. One effective way to ensure smooth transactions is to use the Binance Liquid Swap feature. By utilizing this feature, you can swap your assets with low slippage and minimal fees, even during periods of high network congestion. This can help you avoid delays and disruptions in your transactions, providing a seamless trading experience.
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