You’ve probably noticed the ‘unprocessed ETA’ on your crypto wallet and been confused. You know? Nah, it happens to a lot of folks. Transactions may be delayed more than you’d think, so it’s important to know the scoop behind it. Here, I’ll outline five common questions on why transactions are slow and their estimated times of arrival.
Ever come across an unconfirmed transaction? What gives?
Why does an unconfirmed transaction take so long?
How can I check the status of my unconfirmed transaction?
What are the implications of an unconfirmed transaction?
If it’s been way too long since your transaction hit the network, what’s up with that?
Ever come across an unconfirmed transaction? What gives?
When you send Bitcoin but it hasn’t popped up in the blockchain, people would say that it is unconfirmed. The tx is waiting, awaiting the network’s approval.
Why does an unconfirmed transaction take so long?
Several factors can lead to delays: high traffic volume, insufficient fee, or it could be a complex transaction, y’know?
How can I check the status of my unconfirmed transaction?
It’s quite easy to check the status of your transaction. Just enter it into one of those online Bitcoin tools that provide you with information about your funds.
What are the implications of an unconfirmed transaction?
Pending transactions can get annoying, especially when you’re overdue for BTC, you know? But hey, bear in mind: they’re mostly safe, and they’re gonna clear eventually, in general.
If it’s been way too long since your transaction hit the network, what’s up with that?
So, if it’s slow-moving, implement a increased fee. That’ll tell the miners, ‘Hey, look over here,’ and it might speed up the process slightly.
