I'm wondering how much time it takes to send Ethereum (ETH) from one account to another. Is the process instantaneous or does it require some time for the transaction to be completed?
Various elements contribute to this variability. One significant factor is network congestion.
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CryptoVeteranSun Jan 05 2025
When the Ethereum network is heavily utilized, transactions may take longer to process due to the increased competition for network resources.
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ElenaSun Jan 05 2025
Another crucial aspect is the number of confirmations required by the receiving platform. Different platforms have varying confirmation requirements, which can affect the time it takes for a transaction to be deemed final.
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EleonoraSun Jan 05 2025
The duration for transferring ETH between wallets can fluctuate.
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TommasoSun Jan 05 2025
On average, Ethereum transactions typically clear within a range of 15 seconds to five minutes. This timeframe provides a general estimate but may not apply in all cases due to the aforementioned factors.