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What does pending deposit mean in the context of cryptocurrency?

avatarIti ShivpuriyaDec 25, 2021 · 3 years ago1 answers

In the context of cryptocurrency, what does pending deposit mean? How does it affect the transaction process?

What does pending deposit mean in the context of cryptocurrency?
Cryptocurrency
Pending Deposit
Transaction

1 answers

  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, a pending deposit in the context of cryptocurrency means that the transaction is still being processed and has not yet been confirmed by the network. This is a normal part of the deposit process and can take some time depending on the cryptocurrency and network conditions. We recommend checking the transaction status on the blockchain explorer to get the latest updates on your pending deposit. Once the transaction is confirmed, the funds will be credited to your BYDFi account and you will be able to start trading.

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