How long does it take for a transaction on Binance to get the required number of confirmations?

3 answers

• Nov 26, 2021 · 3 years ago
  Typically, the time it takes for a transaction on Binance to get the required number of confirmations depends on the cryptocurrency being transacted. For popular cryptocurrencies like Bitcoin and Ethereum, it usually takes around 10-30 minutes to receive the required number of confirmations. However, for less popular cryptocurrencies, it may take longer as the network may have fewer miners. It's important to note that the transaction speed can also be affected by network congestion and the transaction fee paid.
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• Nov 26, 2021 · 3 years ago
  Ah, the age-old question of transaction confirmations on Binance! Well, it really depends on a few factors. First, the cryptocurrency you're dealing with plays a role. Bitcoin, for example, can take around 10 minutes for a confirmation, while Ethereum can be a bit faster at around 15 seconds. Second, network congestion can slow things down. If there's a lot of activity happening on the blockchain, it might take longer for your transaction to get confirmed. Lastly, the transaction fee you set can also impact the confirmation time. Higher fees generally get processed faster. So, keep these factors in mind and be patient!
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• Nov 26, 2021 · 3 years ago
  When it comes to transaction confirmations on Binance, the time it takes can vary depending on several factors. The cryptocurrency you're transacting with is one of the main factors. Bitcoin transactions, for example, typically require 6 confirmations, which can take around 10-30 minutes. Ethereum transactions, on the other hand, usually require 12 confirmations and can take around 2-5 minutes. Other cryptocurrencies may have different confirmation requirements and timeframes. It's always a good idea to check the specific requirements for the cryptocurrency you're dealing with to get a better idea of how long it might take.
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