Topic: Why transactions take so much time? - page 5. (Read 859 times)
5-30 minutes I think it's only natural if it's a bitcoin transaction. If you have ever conducted an Arbit, you can feel the effect of the difference in speed between coin and exchange of transactions. for me, every exchange has almost the same transaction duration.
Now there are a lot of blockchains who want to make their transactions as fast as possible. I think that if you look at the new altcoins you will find such coins
The BTC lighting network and Litecoin are my first priorities if I need urgently to withdraw the coins from the exchange. As fast as possible is not the true definition, the changing variables can not be predcitelt 100 % correctly. The transaction speed focused projects are there but the well-known coins are wildly used by the main exchanges. The Ripple network cna handle up to 25000 transactions per second as far as I remember.
It is normal that a withdrawal takes between 5 minutes and several days on every exchange. First of all, you need to verify, email, phone number, 2FA and than you are waiting for this transaction to be approved from exchange admins. Try to trade on Dex exchanges and you won't need to wait at all.
Do you consider 5 to 30 minutes a long time?
I'm sorry to ask, but why do you really need transactions faster than this 5 to 30 minutes?
For me it's a good time
I'm sorry to ask, but why do you really need transactions faster than this 5 to 30 minutes?
For me it's a good time
I think the process does take a long time, especially when we do transactions with coins whose volume is still small even with large GAS the process is still long so that the things we can do are just waiting, although it looks simple but transactions in crypto don't only involve two parties so that the process is a little longer so be patient
Exchanges manually handle the request. It can take more time as well because you know in a reputed exchange, they get a lot of withdrawal to process which delay the procedure. However, 5-30 minutes isn't that much delay in my opinion.
Is transaction really taking longer recently? That could be a good sign you know. They other time something like this happened, price went up so high. Otherwise, it could be normal congestion due Bitcoin limited network capacity
The approval by the exchange managers plays a big role in such cases. The batch withdrawals are the first reasonably cause why this delay took our time. There is no way to do something else, we have to wait for the confirmation of transactions. Some exchanges can be faster than another, but there is only a little difference. But so long taking time can depend on the platform that you are using. Binance platform is the best among all platforms. In this platform, you will lose only 5-20 minutes.
Those exchange needs some amount of confirmation before funds gets released if the blockchain mining such coin is slow at that moment then transaction is slowed. If its not a transfer from exchange to wallet or wallet to exchange, if its inter wallet transfer always use higher fees it confirms fast.
Transaction speed also depends on the fee used. If the fee is cheap enough, the transaction will take longer. 5-30 minutes in my opinion is still reasonable. I even made a withdrawal in about 24 hours. network load also affects, sometimes there are some disruptions that require transactions in the pending first. If the transaction still does not complete, you can contact admin support.
24 hours is so crazy!
transactions require processing, so it certainly takes time in each process, such as agreeing between blocks, so in my opinion, there is no exchange that has a transaction processing speed of under 5 minutes
Transaction speed also depends on the fee used. If the fee is cheap enough, the transaction will take longer. 5-30 minutes in my opinion is still reasonable. I even made a withdrawal in about 24 hours. network load also affects, sometimes there are some disruptions that require transactions in the pending first. If the transaction still does not complete, you can contact admin support.
It may depend on the trading platform you are using, with slow processing speeds, a large number of users at the time and a load compared to the capabilities of the trading platform you use. . Or maybe it's because the networks are down, wait patiently. However, to make quick transactions, I recommend using the binance platform, ...
The reason that the exchange delays transactions may be that it does not have an absolute financial balance. In other words, the exchange needs to wait for a sufficient number of entrances to be enough for exits. I would be wary of those exchanges that do this.
Hello! To be honest, I'm so tired of waiting for transactions. I use changelly and I have to wait for my transaction for 5-30 minutes and that's exhausting. Do you know exchanges with faster transactions?
5-30 minutes is still normal span of time waiting for me, if its 24hrs and still nothing received its time to message the support.
I think for ethereum and eth based tokens the transactions are much faster now especially in the exchanges and wallets that im personally using, i have not tried changelly yet but i would suggest you learn some patience as 5 minutes wait is not so long, soon eth network is coming up with solutions for faster and cheaper transactions so just hang on for a little longer my friend.
The transaction time depends on the fee you paid for processing the transaction and also on the block time - the time when new block is mined. 1 Bitcoin block is mined almost every 10 minutes, while 1 block in Ethereum network is mined almost every 10-20 seconds.
How would you feel if your transaction is stuck for more than an hour. I think that 5-30 minutes is a decent time to process your withdrawal. Unlike the experience that I have before, that waiting for me to be honest is acceptable.
Hello! To be honest, I'm so tired of waiting for transactions. I use changelly and I have to wait for my transaction for 5-30 minutes and that's exhausting. Do you know exchanges with faster transactions?
Sometimes transaction delays is cause by the network load for some instances the exchange platform also cause some delays. Since you are asking any exchange that more faster transaction, I recommend Binance because im using these exchange from 2017 til today for trading so far im satisfied with the quality of its services. you can try it if you want. Hello! To be honest, I'm so tired of waiting for transactions. I use changelly and I have to wait for my transaction for 5-30 minutes and that's exhausting. Do you know exchanges with faster transactions?
I am very familiar with changelly and yes they have transaction delays some times,this might be because of multiple users on queue so you have to wait,ive waited over 30 minutes using changelly to swap eth to btc months back,you can't so any thing about this but to wait,binance exchange is more faster likewise okex exchange Jump to: