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Why does a transaction sometimes stay pending in the cryptocurrency market?

avatarShaul Ben-YiminiDec 17, 2021 · 3 years ago3 answers

When I make a transaction in the cryptocurrency market, sometimes it stays in a pending state for a long time. Why does this happen and what can I do about it?

Why does a transaction sometimes stay pending in the cryptocurrency market?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sometimes, a transaction in the cryptocurrency market can stay pending due to network congestion. When there are many transactions happening at the same time, the network can become overwhelmed, causing delays in transaction confirmations. To speed up the process, you can increase the transaction fee or wait for the network to become less congested.
  • avatarDec 17, 2021 · 3 years ago
    Transactions can also stay pending if there is an issue with the blockchain network. This can happen if there is a bug or a temporary network disruption. In such cases, it's best to be patient and wait for the issue to be resolved by the network operators.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we understand that pending transactions can be frustrating. In some cases, pending transactions can be caused by delays in the network or issues with the blockchain itself. We recommend reaching out to the customer support of the exchange or wallet you are using for assistance. They can provide you with more specific information about the status of your transaction and help resolve any issues you may be facing.