What are the common reasons for an unconfirmed transaction in electrum?
Lindhardt AndresenMay 04, 2022 · 3 years ago3 answers
I'm using Electrum for my cryptocurrency transactions, but sometimes my transactions remain unconfirmed for a long time. What are the common reasons for an unconfirmed transaction in Electrum?
3 answers
- May 04, 2022 · 3 years agoOne common reason for an unconfirmed transaction in Electrum is a low transaction fee. When the fee is set too low, miners prioritize transactions with higher fees, resulting in a delay in confirmation. To avoid this, make sure to set an appropriate transaction fee that matches the current network congestion.
- May 04, 2022 · 3 years agoAnother reason for unconfirmed transactions in Electrum is network congestion. During peak times, when there are many transactions waiting to be confirmed, it may take longer for your transaction to get included in a block. Patience is key in such situations, as the confirmation time can vary depending on the network load.
- May 04, 2022 · 3 years agoAt BYDFi, we have observed that unconfirmed transactions in Electrum can also be caused by a temporary issue with the Electrum server you are connected to. In such cases, try switching to a different server in the Electrum settings and see if that resolves the issue. Additionally, ensuring that you are using the latest version of Electrum can also help in avoiding any known bugs or issues that may cause unconfirmed transactions.
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