Why did the error of Coinbase delayed transactions occur?
Just like many other crypto trading platforms, Coinbase handles a lot of transactions every day. Because of this high number, sometimes there might be delays in confirming transactions. Here are a few reasons for the issue of Coinbase delayed transactions:
- High Network Congestion: The networks for trading, like Ethereum and Bitcoin, can get crowded, causing delays in processing transactions. Due to this congestion, it takes more time than usual to confirm a transaction.
- Minor Fee Charge: If you want your transaction to be processed faster than others, you can pay extra fees. These extra charges prioritize your transaction over others with regular fees. Transactions with lower fees might take longer to process.
- Confirmation Requirement: Every crypto trading transaction needs a certain number of confirmations. For instance, if you're trading Bitcoin, a specific number of confirmations are needed, and this requirement could lead to delays in Coinbase transactions.
Check out the below list of measures to handle the coinbase delayed transactions issue. Perform the same steps as below to solve the problem:
- Check, the Network Status:
- Verify Transaction Details:
- Use Coinbase Support:
Final Thoughts!
Dealing with Coinbase delayed transactions can be frustrating, especially when you're in a hurry or it's an urgent situation. People often transfer digital assets to settle debts or make payments quickly. If you face a problem like Coinbase delaying your transaction in such a situation, it can create more issues, especially with the person you owe money. To avoid these problems, try preventive and troubleshooting steps as quickly as possible. If those don't work, reach out to customer support and explain your issue to them. They can assist you in resolving the problem in the shortest time to help you.