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What are the common reasons for transactions to be pending in Electrum?

avatarAshok ChoudharyDec 27, 2021 · 3 years ago3 answers

In the world of cryptocurrency, Electrum is a popular wallet for managing transactions. However, sometimes transactions can get stuck in a pending state. What are the common reasons for transactions to be pending in Electrum?

What are the common reasons for transactions to be pending in Electrum?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One common reason for transactions to be pending in Electrum is a low transaction fee. When the fee is set too low, miners prioritize other transactions with higher fees, causing your transaction to remain pending. To avoid this, make sure to set an appropriate transaction fee based on the current network congestion. 👍
  • avatarDec 27, 2021 · 3 years ago
    Another reason for pending transactions in Electrum could be network congestion. During periods of high transaction volume, the network can become congested, leading to delays in transaction confirmations. In such cases, it's best to be patient and wait for the network congestion to subside. 🙏
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we have observed that pending transactions in Electrum can also occur due to issues with the recipient's wallet or the receiving address. It's important to double-check the address and ensure that the recipient's wallet is functioning properly. If there are any issues, contacting the recipient or their wallet support team can help resolve the pending transaction. 👌