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What is the average time for receiving bitcoin from Coinbase to the blockchain?

avatarKrishna swamy GDec 31, 2021 · 3 years ago3 answers

Can you provide an estimate of the average time it takes for bitcoin to be received from Coinbase and confirmed on the blockchain?

What is the average time for receiving bitcoin from Coinbase to the blockchain?

3 answers

  • avatarDec 31, 2021 · 3 years ago
    The average time for receiving bitcoin from Coinbase to the blockchain can vary depending on network congestion and other factors. In general, it can take anywhere from a few minutes to a few hours for the transaction to be confirmed on the blockchain. It is important to note that Coinbase may require additional confirmations before the transaction is considered complete. It is always a good idea to check the transaction status on the blockchain explorer for the most up-to-date information.
  • avatarDec 31, 2021 · 3 years ago
    On average, it takes around 10-30 minutes for bitcoin to be received from Coinbase and confirmed on the blockchain. However, this time can be longer during periods of high network activity. It is recommended to wait for at least 6 confirmations on the blockchain before considering the transaction as fully confirmed.
  • avatarDec 31, 2021 · 3 years ago
    According to BYDFi, the average time for receiving bitcoin from Coinbase to the blockchain is approximately 15 minutes. However, this can vary depending on network conditions and the level of congestion. It is important to note that the transaction may require multiple confirmations on the blockchain before it is considered fully confirmed.