common-close-0
BYDFi
Trade wherever you are!

How can I speed up my Ethereum transaction?

avatarPoiu UiopDec 30, 2021 · 3 years ago3 answers

I'm trying to send an Ethereum transaction, but it's taking a long time to confirm. How can I speed up the transaction process and get my transaction confirmed faster?

How can I speed up my Ethereum transaction?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    One way to speed up your Ethereum transaction is by increasing the gas price. Gas is the unit used to measure the computational effort required to execute a transaction or contract on the Ethereum network. By setting a higher gas price, miners are incentivized to prioritize your transaction and include it in the next block. However, keep in mind that setting a very high gas price may result in higher transaction fees. You can adjust the gas price in your wallet or through a transaction tool like MyEtherWallet or MetaMask.
  • avatarDec 30, 2021 · 3 years ago
    Another method to speed up your Ethereum transaction is by using a transaction accelerator service. These services allow you to pay a fee to prioritize your transaction and get it confirmed faster. Some popular transaction accelerator services include ETH Gas Station and SpeedyETH. Keep in mind that these services may have limited capacity and may not guarantee immediate confirmation, but they can significantly improve the chances of your transaction being included in the next block.
  • avatarDec 30, 2021 · 3 years ago
    At BYDFi, we understand the frustration of waiting for Ethereum transactions to confirm. That's why we have implemented a feature called 'Fast Track' that allows users to speed up their transactions. With Fast Track, your transaction will be prioritized and confirmed faster compared to regular transactions. Simply select the Fast Track option when submitting your transaction on BYDFi and enjoy faster confirmation times. Please note that Fast Track may have additional fees associated with it.