What is the best time of day to transfer funds on Coinbase?
Davenport EnglishJan 04, 2022 · 3 years ago3 answers
I would like to know the optimal time of day to transfer funds on Coinbase. Is there a specific time when the transaction fees are lower or when the network is less congested? I want to make sure that my transfers are processed quickly and cost-effectively.
3 answers
- Jan 04, 2022 · 3 years agoThe best time to transfer funds on Coinbase is during off-peak hours, typically late at night or early in the morning. During these times, the network is usually less congested, resulting in faster and cheaper transactions. Additionally, Coinbase may offer lower fees during off-peak hours to incentivize users to transfer funds when the network is less busy.
- Jan 04, 2022 · 3 years agoThere is no specific 'best' time to transfer funds on Coinbase as transaction fees and network congestion can vary throughout the day. However, if you want to minimize fees and ensure faster processing times, it's generally recommended to avoid peak hours when the network is busiest. You can monitor the current network congestion and transaction fees on Coinbase's website or mobile app to make an informed decision.
- Jan 04, 2022 · 3 years agoAccording to a study conducted by BYDFi, a digital currency exchange, the optimal time to transfer funds on Coinbase is between 2 am and 6 am UTC. During this time, the network experiences the lowest congestion, resulting in faster and cheaper transactions. However, it's important to note that network conditions can change, so it's always a good idea to check the current status before making a transfer.
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