common-close-0
BYDFi
Trade wherever you are!

What are some ways to expedite the confirmation of a pending Ethereum transaction?

avatarbenedetto cavaliereDec 27, 2021 · 3 years ago6 answers

I have a pending Ethereum transaction that is taking a long time to confirm. Are there any methods or techniques I can use to speed up the confirmation process?

What are some ways to expedite the confirmation of a pending Ethereum transaction?

6 answers

  • avatarDec 27, 2021 · 3 years ago
    One way to expedite the confirmation of a pending Ethereum transaction is to increase the gas price. Gas price determines the priority of your transaction in the Ethereum network. By setting a higher gas price, miners are more likely to include your transaction in the next block. However, keep in mind that increasing the gas price will also increase the transaction fee.
  • avatarDec 27, 2021 · 3 years ago
    Another method to speed up the confirmation of an Ethereum transaction is to use a transaction accelerator service. These services allow you to pay a fee to prioritize your transaction and have it confirmed faster. However, not all accelerators support Ethereum transactions, so make sure to choose a reliable and compatible service.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we offer a feature called 'Fast Track' that allows users to expedite the confirmation of their pending Ethereum transactions. With Fast Track, your transaction will be processed with higher priority, ensuring faster confirmation. This feature is available to all BYDFi users and can be accessed through the platform's user interface.
  • avatarDec 27, 2021 · 3 years ago
    If you're not using BYDFi or prefer a different approach, you can try canceling the pending transaction and resending it with a higher gas price. This method requires some technical knowledge and access to your wallet software. By canceling the transaction and creating a new one with a higher gas price, you increase the chances of faster confirmation.
  • avatarDec 27, 2021 · 3 years ago
    One more option to expedite the confirmation of an Ethereum transaction is to use a different Ethereum network with faster block times. For example, the Binance Smart Chain (BSC) has shorter block times compared to the Ethereum mainnet, which means transactions are confirmed faster. However, keep in mind that using a different network may have other implications, such as different gas fees and compatibility issues with certain dApps.
  • avatarDec 27, 2021 · 3 years ago
    If none of the above methods work or you're in a hurry, you can try reaching out to the Ethereum community for help. There are forums and communities like Reddit and Stack Overflow where you can ask for assistance. Experienced users may have additional suggestions or insights on how to expedite the confirmation of your pending Ethereum transaction.