What is the average confirmation time for transactions on Binance?

3 answers

• Dec 30, 2021 · 3 years ago
  The average confirmation time for transactions on Binance can vary depending on network congestion and the specific cryptocurrency being used. Generally, it takes around 1-2 minutes for a transaction to be confirmed on Binance. However, during times of high network activity, it may take longer for a transaction to be confirmed.
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• Dec 30, 2021 · 3 years ago
  When it comes to transaction confirmation time on Binance, it's important to consider the blockchain network that the cryptocurrency operates on. For example, Bitcoin transactions typically take longer to confirm compared to transactions on the Binance Smart Chain (BSC). On BSC, transactions can be confirmed within seconds.
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• Dec 30, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that the average confirmation time for transactions on Binance is relatively fast. Binance has a robust infrastructure and advanced technology that allows for quick transaction confirmations. In most cases, transactions are confirmed within minutes, ensuring a smooth trading experience for users.
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