Is it normal for a transfer of Ethereum from Coinbase to Ledger Nano S to show as pending?
Turin NandoDec 26, 2021 · 3 years ago6 answers
I transferred Ethereum from Coinbase to my Ledger Nano S wallet, but the transaction is showing as pending. Is this a normal occurrence?
6 answers
- Dec 26, 2021 · 3 years agoYes, it is normal for a transfer of Ethereum from Coinbase to Ledger Nano S to show as pending. When you initiate a transfer, the transaction needs to be confirmed by the Ethereum network. This confirmation process can take some time, especially during periods of high network congestion. The pending status indicates that the transaction is waiting to be included in a block and confirmed by the network. Once the transaction is confirmed, the status will change to completed.
- Dec 26, 2021 · 3 years agoDon't worry, it's completely normal for a transfer of Ethereum from Coinbase to Ledger Nano S to show as pending. The Ethereum network requires a certain number of confirmations before considering a transaction as fully completed. This is done to ensure the security and integrity of the network. The time it takes for a transaction to be confirmed can vary depending on the network congestion and the gas price you set for the transaction. Just be patient, and your transaction will be confirmed soon.
- Dec 26, 2021 · 3 years agoYes, it is normal for a transfer of Ethereum from Coinbase to Ledger Nano S to show as pending. The pending status indicates that the transaction has been broadcasted to the network and is waiting to be included in a block. The confirmation time can vary depending on the network congestion and the gas price you set for the transaction. If you want to check the status of your transaction, you can use a blockchain explorer like Etherscan. Remember to always double-check the recipient address and transaction details before initiating any transfer.
- Dec 26, 2021 · 3 years agoAs an expert in the field, I can confirm that it is indeed normal for a transfer of Ethereum from Coinbase to Ledger Nano S to show as pending. This is because the transaction needs to be validated and confirmed by the Ethereum network. The confirmation time can vary depending on the network congestion and the gas price you set for the transaction. Rest assured that your funds are safe during this process, and once the transaction is confirmed, the pending status will be updated to completed.
- Dec 26, 2021 · 3 years agoYes, it is normal for a transfer of Ethereum from Coinbase to Ledger Nano S to show as pending. This is a standard procedure for all Ethereum transactions, regardless of the wallets involved. The pending status indicates that the transaction is being processed by the network and waiting for confirmation. The time it takes for a transaction to be confirmed can vary depending on the network congestion and the gas price you set. If you have any concerns, you can reach out to Coinbase support for further assistance.
- Dec 26, 2021 · 3 years agoAt BYDFi, we understand that it can be concerning to see a transfer of Ethereum from Coinbase to Ledger Nano S showing as pending. However, rest assured that this is a normal occurrence. The pending status indicates that the transaction is being processed by the Ethereum network and waiting for confirmation. The confirmation time can vary depending on the network congestion and the gas price you set for the transaction. If you have any further questions or need assistance, feel free to reach out to our support team.
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