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Why is my Coinbase wallet showing a pending transaction?

avatarnkeshDec 29, 2021 · 3 years ago3 answers

I have a transaction in my Coinbase wallet that is showing as pending. What could be the reason for this and how long does it usually take for a transaction to be confirmed?

Why is my Coinbase wallet showing a pending transaction?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    A pending transaction in your Coinbase wallet usually means that the transaction has been initiated but is still waiting to be confirmed by the network. This can happen due to network congestion or other factors that affect transaction processing time. The time it takes for a transaction to be confirmed can vary depending on the cryptocurrency and network conditions. In general, it can take anywhere from a few minutes to several hours for a transaction to be confirmed.
  • avatarDec 29, 2021 · 3 years ago
    When a transaction is pending in your Coinbase wallet, it means that the transaction has been broadcasted to the network but has not yet been included in a block. This can happen if the network is congested or if the transaction fee is too low. To speed up the confirmation process, you can try increasing the transaction fee or waiting for the network congestion to subside.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we understand that pending transactions can be frustrating. It's important to note that the confirmation time for a transaction is determined by the network and not by the wallet provider. While we strive to provide a seamless user experience, we cannot control the speed at which transactions are confirmed. Rest assured that your transaction will be confirmed as soon as possible.