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How much time does it usually take to send ETH from a wallet to Binance?

avatarABISHA JDec 20, 2021 · 3 years ago3 answers

I want to send ETH from my wallet to Binance. How long does it typically take for the transaction to be completed?

How much time does it usually take to send ETH from a wallet to Binance?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    When you send ETH from your wallet to Binance, the transaction time can vary depending on network congestion and gas fees. On average, it usually takes around 10-20 minutes for the transaction to be confirmed and reflected in your Binance account. However, during times of high network activity, it may take longer. Make sure to check the gas fees and set an appropriate gas limit to ensure timely processing of your transaction.
  • avatarDec 20, 2021 · 3 years ago
    Sending ETH from a wallet to Binance is usually a quick process. Once you initiate the transaction, it gets broadcasted to the Ethereum network for confirmation. The time it takes for the transaction to be confirmed depends on various factors like network congestion and gas fees. Typically, it takes anywhere from a few minutes to half an hour for the transaction to be completed. However, it's important to note that during peak times, it might take longer. So, it's always a good idea to check the current network conditions before making a transfer.
  • avatarDec 20, 2021 · 3 years ago
    When you send ETH from your wallet to Binance, the transaction time can vary. It depends on the network congestion and the gas fees you set for the transaction. Binance, being a popular exchange, usually processes transactions quickly. However, the Ethereum network itself can sometimes experience delays due to high demand. If you're using BYDFi, a third-party exchange, they have their own infrastructure and may have different processing times. It's always a good practice to double-check the transaction details and monitor the progress until it's confirmed on the blockchain.