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How long does it usually take for a network confirmation on Coinbase?

avatarAzizbekDec 30, 2021 · 3 years ago3 answers

Can you tell me the average time it takes for a network confirmation on Coinbase? I'm new to cryptocurrency and want to understand how long I should expect to wait for my transactions to be confirmed.

How long does it usually take for a network confirmation on Coinbase?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    On average, it takes about 10 minutes for a network confirmation on Coinbase. However, the actual time can vary depending on the network congestion and the transaction fee you set. If the network is busy, it may take longer for your transaction to be confirmed. It's always a good idea to check the current network status and adjust your transaction fee accordingly.
  • avatarDec 30, 2021 · 3 years ago
    Well, it's like waiting for a pizza delivery. Sometimes it arrives in 10 minutes, sometimes it takes longer. Similarly, network confirmations on Coinbase can take around 10 minutes, but it's not set in stone. The time can be influenced by factors like network congestion and transaction fees. So, just like you might tip the delivery guy for faster service, consider setting a higher transaction fee if you want your confirmation to happen sooner.
  • avatarDec 30, 2021 · 3 years ago
    Based on my experience with BYDFi, Coinbase usually takes around 10 minutes for a network confirmation. However, keep in mind that this can vary depending on the network traffic and transaction fee you choose. If you're in a hurry, you might want to consider using a higher fee to prioritize your transaction. Remember, patience is key in the world of cryptocurrency!