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How long does it usually take for a transaction to be confirmed in Coinbase wallet?

avatarSalman MuzamzamiNov 24, 2021 · 3 years ago3 answers

I'm new to Coinbase wallet and I'm wondering how long it typically takes for a transaction to be confirmed. Can anyone provide some insights on the average confirmation time for transactions in Coinbase wallet?

How long does it usually take for a transaction to be confirmed in Coinbase wallet?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    The confirmation time for transactions in Coinbase wallet can vary depending on network congestion and the transaction fee you set. Generally, it takes around 10-30 minutes for a transaction to be confirmed. However, during periods of high network activity, it can take longer, sometimes even hours. It's important to note that Coinbase wallet provides an estimate of the confirmation time when you initiate a transaction, so you can have an idea of how long it might take.
  • avatarNov 24, 2021 · 3 years ago
    In my experience, transactions in Coinbase wallet usually get confirmed within 15-20 minutes. However, if the network is congested, it can take up to an hour or more. It's always a good idea to check the transaction status on the blockchain explorer to get real-time updates on the confirmation progress.
  • avatarNov 24, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that Coinbase wallet is known for its fast transaction confirmation times. On average, transactions are confirmed within 10-15 minutes. However, keep in mind that this can vary depending on the current network conditions. If you're in a hurry, you can increase the transaction fee to prioritize your transaction and potentially get it confirmed faster.