What is the typical duration of pending activity on Fidelity for cryptocurrency transactions?
Stevenson LindegaardNov 29, 2021 · 3 years ago3 answers
Can you provide information on the average length of time it takes for cryptocurrency transactions to be processed on Fidelity?
3 answers
- Nov 29, 2021 · 3 years agoThe typical duration of pending activity on Fidelity for cryptocurrency transactions can vary depending on several factors. Generally, it takes around 10-30 minutes for the transaction to be confirmed and added to the blockchain. However, during periods of high network congestion or when the transaction fee is set too low, it may take longer for the transaction to be processed. It's important to note that Fidelity does not have control over the speed of transaction confirmation as it is determined by the blockchain network.
- Nov 29, 2021 · 3 years agoWhen it comes to cryptocurrency transactions on Fidelity, the typical duration of pending activity can range from a few minutes to several hours. This is because the transaction needs to be confirmed by the network of computers that maintain the blockchain. The time it takes for confirmation depends on various factors such as network congestion, transaction fee, and the specific cryptocurrency being used. It's always a good idea to check the status of your transaction on the blockchain explorer to get an estimate of the pending activity duration.
- Nov 29, 2021 · 3 years agoOn Fidelity, the typical duration of pending activity for cryptocurrency transactions is influenced by the blockchain network's confirmation time. Each cryptocurrency has its own confirmation time, which can vary significantly. For example, Bitcoin transactions usually take around 10 minutes to be confirmed, while Ethereum transactions may take a few minutes. It's important to keep in mind that these durations are approximate and can be affected by network congestion and other factors. If you're looking for faster transaction confirmations, you may consider using a different cryptocurrency or exploring other exchanges that offer quicker processing times.
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