What is the average time it takes to purchase IOTA using ETH on Binance?
Muhdar MuhdarDec 29, 2021 · 3 years ago3 answers
Can you provide an estimate of the average time it typically takes to complete a purchase of IOTA using ETH on the Binance cryptocurrency exchange?
3 answers
- Dec 29, 2021 · 3 years agoThe average time it takes to purchase IOTA using ETH on Binance can vary depending on various factors such as network congestion, transaction fees, and market conditions. Generally, it takes around 10-30 minutes for the transaction to be confirmed and for the IOTA to be credited to your account. However, during periods of high demand or network congestion, it may take longer. It's always a good idea to check the current network status and transaction fees before making a purchase to get a better idea of the expected time.
- Dec 29, 2021 · 3 years agoBuying IOTA with ETH on Binance is usually a quick process. The average time it takes for the transaction to be completed and for the IOTA to be available in your account is typically around 10-30 minutes. However, please note that this time can vary depending on network congestion and transaction fees. It's always a good idea to double-check the current network status and fees before making a purchase to ensure a smooth and timely transaction.
- Dec 29, 2021 · 3 years agoBased on my experience with BYDFi, an alternative cryptocurrency exchange, the average time it takes to purchase IOTA using ETH is similar to Binance. It usually takes around 10-30 minutes for the transaction to be confirmed and for the IOTA to be credited to your account. However, keep in mind that network congestion and transaction fees can affect the overall time. It's always a good idea to compare the fees and network status on different exchanges to choose the most suitable platform for your needs.
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