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Is there a delay when sending coins from Coinbase to Electrum?

AnnaMay 03, 2022 · 3 years ago3 answers

I am trying to send coins from Coinbase to Electrum, but I am wondering if there is any delay in the transaction process. Can anyone tell me if there is a delay when sending coins from Coinbase to Electrum?

3 answers

  • May 03, 2022 · 3 years ago
    Yes, there can be a delay when sending coins from Coinbase to Electrum. This delay can be caused by various factors such as network congestion or Coinbase's internal processing time. It is recommended to check the transaction status on both Coinbase and Electrum to get the most accurate information about the delay.
  • May 03, 2022 · 3 years ago
    No, there is usually no delay when sending coins from Coinbase to Electrum. The transaction is processed almost instantly and you should see the coins in your Electrum wallet within a few minutes. However, please note that network congestion or other technical issues can sometimes cause delays.
  • May 03, 2022 · 3 years ago
    From my experience with BYDFi, there might be a slight delay when sending coins from Coinbase to Electrum. This delay is usually due to the confirmation process on the blockchain network. Once the transaction is confirmed, the coins should appear in your Electrum wallet. However, it is always a good idea to double-check the transaction status on both platforms to ensure a smooth transfer.