The time it takes to complete a cryptocurrency transaction or exchange primarily depends on three factors:
1. The current load on the blockchain network
2. The blockchain fee
3. The cryptocurrency network speed
Depending on how long it takes to complete the transaction and confirmation for the deposits in the blockchain, the speed varies anywhere from a few seconds to several hours.
For instance, if the transaction amount is large, say, 1 BTC, the processing may take a bit longer and can be completed in approximately 1 hour.
Please note that the transactions carried out during average load times have significantly faster-processing speed as compared to those initiated during peak load times.
NitroEx suggests checking the load before making any crypto transactions and avoiding high load periods to keep your exchange speed fast and trade fees low.
How fast will my transaction be processed? Print
Modified on: Mon, 5 Jul, 2021 at 11:58 AM
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