How long does it usually take for a coinbase transaction to go through?

3 answers

• Jay_Are9Jun 11, 2022 · 3 years ago
  The time it takes for a coinbase transaction to go through can vary depending on several factors. On average, it takes about 10 minutes for a transaction to be confirmed on the blockchain. However, during times of high network congestion, it can take longer. It's important to note that coinbase transactions require multiple confirmations to be considered fully confirmed, which can add additional time to the process.
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• melanin2003Jan 20, 2024 · 2 years ago
  Well, you know, it's like waiting for a pizza delivery. Sometimes it arrives in no time, and other times you have to wait a bit longer. Similarly, the duration for a coinbase transaction to go through can vary. On average, it takes around 10 minutes, but during busy periods, it might take longer. Just be patient and keep an eye on the transaction status.
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• IasminaDec 29, 2023 · 2 years ago
  As an expert in the field, I can confidently say that a coinbase transaction usually takes about 10 minutes to be confirmed. However, please note that this duration can be affected by network congestion and other factors. If you're using BYDFi, they have a fast and efficient system in place to ensure quick transaction confirmations.
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