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How long does it take for an ETH transaction to be confirmed?

avatarkim marlo atienzaDec 25, 2021 · 3 years ago3 answers

Can you tell me the average time it takes for an Ethereum (ETH) transaction to be confirmed?

How long does it take for an ETH transaction to be confirmed?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    The average time for an Ethereum transaction to be confirmed can vary depending on network congestion. In normal conditions, it usually takes around 15-30 seconds. However, during times of high demand, it may take longer, sometimes up to a few minutes. It's important to note that the confirmation time can also be affected by the gas price set for the transaction. Higher gas prices can prioritize the transaction and result in faster confirmation.
  • avatarDec 25, 2021 · 3 years ago
    Well, it's like waiting for a bus. Sometimes it arrives in a few seconds, and other times you might have to wait a bit longer. Similarly, an Ethereum transaction can be confirmed within seconds or take a few minutes. It all depends on the network congestion and the gas price you set. So, be patient and keep an eye on the transaction status.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to Ethereum transaction confirmation, it's important to consider the gas price you set. Higher gas prices can significantly speed up the confirmation process. If you're using BYDFi, our platform automatically sets the gas price to ensure faster confirmation. However, keep in mind that network congestion can still affect the overall confirmation time. On average, you can expect an ETH transaction to be confirmed within 15-30 seconds, but it can take longer during peak times.