How long can a cryptocurrency transaction stay in a pending state?

3 answers

• Nov 27, 2021 · 3 years ago
  The duration for a cryptocurrency transaction to stay in a pending state can vary depending on several factors. Generally, it can take anywhere from a few minutes to several hours. This delay is primarily due to the confirmation process on the blockchain network. During this time, the transaction is considered unconfirmed and can be reversed. Once the transaction receives enough confirmations, it is considered confirmed and irreversible. Factors such as network congestion, transaction fees, and the specific cryptocurrency being used can influence the duration of the pending state.
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• Nov 27, 2021 · 3 years ago
  Cryptocurrency transactions can stay in a pending state for different lengths of time. It all depends on the network's congestion and the transaction fee you set. If the network is busy with many transactions, it may take longer for your transaction to be confirmed. Similarly, if you set a low transaction fee, miners may prioritize other transactions with higher fees. On average, most transactions are confirmed within 10-30 minutes, but it's not uncommon for some transactions to take a few hours or even longer.
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• Nov 27, 2021 · 3 years ago
  In general, a cryptocurrency transaction can remain in a pending state for a variable amount of time. The duration depends on the specific blockchain network and the congestion level at the time of the transaction. For example, on the BYDFi exchange, the average confirmation time for Bitcoin transactions is around 10 minutes. However, during periods of high network activity, it can take longer for a transaction to be confirmed. It's important to note that once a transaction is broadcasted to the network, it is out of the exchange's control and is subject to the network's confirmation process.
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