Cryptocurrency Q&A
How long does an ERC20 transaction take?
How long does an ERC20 transaction take?
DaeguDivaDance
Mon May 13 2024
|
7 answers
2018
I'm curious about the timing of ERC20 transactions. Could you please elaborate on how long it typically takes for an ERC20 token transfer to be completed? I've heard that it depends on various factors like network congestion and the gas price set by the sender, but I'm still a bit fuzzy on the details. Is there a general timeframe I can expect, or does it vary significantly with each transaction? Understanding this would greatly help me in planning my cryptocurrency transactions more effectively.
7 answers
Federico
Wed May 15 2024
This process generally takes approximately five minutes.
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CryptoAlly
Wed May 15 2024
CoinList employs a safety measure for ETH and ERC-20 transactions.
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FantasylitElation
Wed May 15 2024
It waits for 30 confirmations to deem a transaction final.
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Dario
Tue May 14 2024
However, the duration can vary significantly.
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Carlo
Tue May 14 2024
It could take anywhere from five minutes to four hours.
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