How to speed up transactions on Poloniex?

3 answers

• Dec 27, 2021 · 3 years ago
  One way to potentially speed up transactions on Poloniex 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 not always guarantee faster confirmation times, as it also depends on the network congestion and the overall demand for transactions. It's worth experimenting with different fee levels to find the optimal balance between speed and cost.
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• Dec 27, 2021 · 3 years ago
  Another option to speed up transactions on Poloniex is to use a different cryptocurrency with faster block times. Some cryptocurrencies, like Litecoin or Bitcoin Cash, have shorter block times compared to Bitcoin, which means transactions can be confirmed more quickly. However, you'll need to consider the liquidity and trading pairs available for these alternative cryptocurrencies on Poloniex before making a decision.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we understand the frustration of slow transactions. One possible solution is to use the Poloniex API to automate your transactions. By using the API, you can set up automatic trading strategies and execute transactions programmatically, which can potentially reduce the time it takes for your transactions to be processed. Additionally, make sure to check for any network or server issues on Poloniex's end, as these can also contribute to transaction delays. If the problem persists, reaching out to Poloniex's customer support for assistance may be necessary.
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