How much time does it usually take to buy IOTA from Binance with ETH?
JHargrove08Dec 21, 2021 · 3 years ago4 answers
I'm interested in buying IOTA using ETH on Binance. Can you tell me how long it typically takes for the transaction to complete?
4 answers
- Dec 21, 2021 · 3 years agoBuying IOTA from Binance with ETH usually takes around 5-10 minutes. The actual time may vary depending on network congestion and the speed of the Ethereum network. Once you initiate the transaction, Binance will process it and confirm the purchase. Keep in mind that during peak trading hours, the transaction may take slightly longer.
- Dec 21, 2021 · 3 years agoWhen buying IOTA with ETH on Binance, the transaction time is generally quick. It usually takes a few minutes for the purchase to be completed. However, it's important to note that network congestion and the Ethereum gas fees can affect the transaction speed. If the network is busy, it may take a bit longer for the transaction to be confirmed.
- Dec 21, 2021 · 3 years agoBased on my experience using BYDFi, a popular cryptocurrency exchange, buying IOTA from Binance with ETH typically takes around 5-10 minutes. The transaction is usually processed quickly, and you'll receive your IOTA in your Binance wallet once the transaction is confirmed. However, please note that transaction times can vary depending on network conditions and the Ethereum network's congestion.
- Dec 21, 2021 · 3 years agoBuying IOTA with ETH on Binance is usually a smooth process. The transaction time can vary, but it generally takes a few minutes for the purchase to be completed. Binance has a reliable and efficient system in place to ensure quick processing of transactions. However, factors such as network congestion and gas fees can affect the overall transaction time. It's always a good idea to check the current network conditions before making a purchase.
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