What strategies can I use to reduce the time it takes for Coinbase transactions to confirm?

3 answers

• Nov 23, 2021 · 3 years ago
  One strategy you can use to reduce the time it takes for Coinbase transactions to confirm is to increase the transaction fee. By setting a higher fee, miners are incentivized to prioritize your transaction and include it in the next block. However, keep in mind that increasing the fee may result in higher transaction costs. It's important to find a balance between speed and cost when choosing the fee for your transaction.
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• Nov 23, 2021 · 3 years ago
  Another strategy is to use a transaction accelerator service. Some third-party services offer transaction acceleration by including your transaction in a block they mine. These services usually charge a fee for their service, but they can significantly reduce the confirmation time, especially during periods of high network congestion.
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• Nov 23, 2021 · 3 years ago
  At BYDFi, we recommend using Coinbase Pro for faster transaction confirmation. Coinbase Pro offers lower fees and a more advanced trading interface compared to Coinbase. By using Coinbase Pro, you can take advantage of the lower fees and potentially reduce the time it takes for your transactions to confirm.
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