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What is the average time it takes to send ETH from MyEtherWallet to Binance?

avatarAnhadh MeshriDec 15, 2021 · 3 years ago3 answers

I would like to know the average time it usually takes to send Ethereum (ETH) from MyEtherWallet to Binance. Can anyone provide an estimate of the time it typically takes for the transaction to be confirmed and the ETH to be available in my Binance account?

What is the average time it takes to send ETH from MyEtherWallet to Binance?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    The average time it takes to send ETH from MyEtherWallet to Binance can vary depending on network congestion and gas fees. In general, it usually takes around 10-20 minutes for the transaction to be confirmed and the ETH to be available in your Binance account. However, during periods of high network activity, it may take longer for the transaction to be processed. It's always a good idea to check the current network status and gas fees before making a transaction to get a better estimate of the time it might take.
  • avatarDec 15, 2021 · 3 years ago
    Sending ETH from MyEtherWallet to Binance is usually a quick process. Once you initiate the transaction, it typically takes a few minutes for it to be confirmed and for the ETH to appear in your Binance account. However, please keep in mind that network congestion and gas fees can affect the transaction time. If the network is busy or if you choose a lower gas fee, it may take longer for the transaction to be processed. It's always a good idea to double-check the transaction details and ensure you have enough gas to avoid any delays.
  • avatarDec 15, 2021 · 3 years ago
    Based on my experience with BYDFi, the average time it takes to send ETH from MyEtherWallet to Binance is usually around 15 minutes. However, please note that this is just an estimate and the actual time may vary depending on network conditions. It's important to consider factors such as network congestion and gas fees when estimating the transaction time. If you're in a hurry, you can try increasing the gas fee to prioritize your transaction and potentially reduce the confirmation time.