How long does it take for a low priority transaction to be confirmed in the cryptocurrency market?

3 answers

• Faezeh DehghanJun 16, 2024 · a year ago
  Low priority transactions in the cryptocurrency market typically take longer to be confirmed compared to high priority transactions. The exact time can vary depending on the network congestion and the specific cryptocurrency being used. On average, it may take anywhere from a few minutes to several hours for a low priority transaction to be confirmed. It is important to note that low priority transactions often have lower transaction fees, which is why they may take longer to be processed by the network.
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• KrutzelpuntzJul 01, 2021 · 4 years ago
  When it comes to low priority transactions in the cryptocurrency market, patience is key. Due to the lower transaction fees associated with low priority transactions, they are not given as much priority by the network. This means that it may take a bit longer for these transactions to be confirmed. However, the exact time can vary depending on various factors such as network congestion and the specific cryptocurrency being used. So, if you're not in a hurry, opting for a low priority transaction can save you some money on fees.
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• Jet LijftogtMay 17, 2024 · a year ago
  At BYDFi, a popular cryptocurrency exchange, low priority transactions are processed in a timely manner. While they may take longer to be confirmed compared to high priority transactions, our platform ensures that all transactions are processed efficiently. The exact time it takes for a low priority transaction to be confirmed can vary depending on network conditions and the specific cryptocurrency being used. However, rest assured that your transaction will be processed securely and accurately.
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