How long does it take for Ethereum transactions on Coinbase to receive confirmations?

3 answers

• ShreyashJun 29, 2021 · 4 years ago
  When you make a transaction on Coinbase, it is broadcasted to the Ethereum network. Miners on the network then compete to include your transaction in a block. The time it takes for your transaction to receive confirmations depends on the network congestion and the gas price you set. On average, it can take anywhere from a few minutes to several hours for Ethereum transactions on Coinbase to receive confirmations. It's important to note that during times of high network congestion, it may take longer for your transaction to be confirmed.
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• Munnu AiqzonMay 10, 2021 · 4 years ago
  Hey there! So, when you make a transaction on Coinbase, it gets sent to the Ethereum network for processing. The time it takes for your transaction to receive confirmations depends on a few factors. Firstly, the network congestion plays a role. If the network is busy, it might take longer for your transaction to be confirmed. Secondly, the gas price you set also affects the confirmation time. Higher gas prices incentivize miners to prioritize your transaction. On average, it can take anywhere from a few minutes to a couple of hours for your Ethereum transaction on Coinbase to receive confirmations. Just be patient and keep an eye on your transaction status!
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• sergru972Oct 13, 2020 · 5 years ago
  When you make an Ethereum transaction on Coinbase, it is sent to the Ethereum network where miners validate and confirm the transaction. The time it takes for your transaction to receive confirmations depends on various factors. Network congestion, gas price, and the number of confirmations required by Coinbase can all impact the confirmation time. On average, it usually takes a few minutes to an hour for Ethereum transactions on Coinbase to receive confirmations. However, during times of high network activity, it may take longer. If you're concerned about the status of your transaction, you can check the transaction ID on a blockchain explorer to see the number of confirmations it has received.
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