Cryptocurrency Q&A
How long does an ERC-20 transaction take?
How long does an ERC-20 transaction take?
CryptoProphet
Thu Jan 23 2025
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5
answers
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I'm wondering about the duration of an ERC-20 transaction. How long does it typically take for such a transaction to be completed on the Ethereum network?
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5 answers
benjamin_cole_nurse
Sat Jan 25 2025
Under normal circumstances, the transaction might be finalized within a short span of time. But, there are instances where it could take longer.
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Chloe_emma_researcher
Sat Jan 25 2025
Network congestion is a significant factor affecting transaction times. During periods of high traffic, transactions can take substantially more time to process.
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SeoulSerenitySeeker
Sat Jan 25 2025
Specifically, during such peak times, it's possible for transactions to take up to four hours to reach the required number of confirmations.
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CryptoElite
Sat Jan 25 2025
CoinList requires 30 confirmations to deem an ETH or ERC-20 transaction as completed.
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GeishaWhisper
Sat Jan 25 2025
This process generally takes approximately five minutes. However, the duration can vary depending on network conditions.
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