Why your transaction may be pending
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In this video we go
In this video we go over why your transaction may be pending in your Coinbase account.
Incoming transactions show up in your account almost instantly but show as Pending until there have been enough network confirmations.
Once a transaction is confirmed, it will show Completed, indicating that the transaction can't be reversed and the funds can be withdrawn.
Coinbase runs its own digital currency nodes that communicate with the rest of the network. When you initiate a transaction, we broadcast it to the rest of the network so it can be confirmed.
Our nodes may lose sync with the rest of the network for short periods of time, which can cause transactions to remain Pending longer than normal. Usually the delay is under an hour and the transaction will eventually go through normally.
Occasionally, transactions aren't accepted by the rest of the network and therefore are never considered to be confirmed.
Common causes of unconfirmed transactions
Sending a very small amount with insufficient fees
All bitcoin transactions require a miner fee to be confirmed by the bitcoin network. When sending bitcoin you will be prompted to add a miner fee to make sure the transaction gets confirmed. If an insufficient fee is included, your transaction may never confirm.
Double-spending the same coins
If two transactions try to spend the same coins, one of them will never be confirmed by the network. Normally, this shouldn't occur with transactions generated by Coinbase because our backend systems are designed to prevent it.
Spending unconfirmed coins
If you're trying to spend coins that are still Pending in your account, your transaction won't generate until the coins confirm.
High network volume
Sometimes there's a high volume of digital currency being sent globally, and there are more transactions than there is space available in each new block to include the transaction.
At Coinbase, our mission is to create an open financial system for the world. 🔵🌍
✅ Subscribe to our channel here: @coinbase
► To own a piece of the future visit Coinbase: https://coinbase.com
► Follow us on Twitter: Twitter: coinbase
► Like us on Facebook: Facebook: coinbase
► Find us on Instagram: Instagram: coinbase
#coinbase #Cryptocurrency #Blockchain #CoinbaseExchange #CoinbaseApp #OpenFinancialSystem #CryptoForAll
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This content is being provided to you for informational purposes only. Nothing discussed in this video is intended to be investment advice. This content, and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.
Incoming transactions show up in your account almost instantly but show as Pending until there have been enough network confirmations.
Once a transaction is confirmed, it will show Completed, indicating that the transaction can't be reversed and the funds can be withdrawn.
Coinbase runs its own digital currency nodes that communicate with the rest of the network. When you initiate a transaction, we broadcast it to the rest of the network so it can be confirmed.
Our nodes may lose sync with the rest of the network for short periods of time, which can cause transactions to remain Pending longer than normal. Usually the delay is under an hour and the transaction will eventually go through normally.
Occasionally, transactions aren't accepted by the rest of the network and therefore are never considered to be confirmed.
Common causes of unconfirmed transactions
Sending a very small amount with insufficient fees
All bitcoin transactions require a miner fee to be confirmed by the bitcoin network. When sending bitcoin you will be prompted to add a miner fee to make sure the transaction gets confirmed. If an insufficient fee is included, your transaction may never confirm.
Double-spending the same coins
If two transactions try to spend the same coins, one of them will never be confirmed by the network. Normally, this shouldn't occur with transactions generated by Coinbase because our backend systems are designed to prevent it.
Spending unconfirmed coins
If you're trying to spend coins that are still Pending in your account, your transaction won't generate until the coins confirm.
High network volume
Sometimes there's a high volume of digital currency being sent globally, and there are more transactions than there is space available in each new block to include the transaction.
At Coinbase, our mission is to create an open financial system for the world. 🔵🌍
✅ Subscribe to our channel here: @coinbase
► To own a piece of the future visit Coinbase: https://coinbase.com
► Follow us on Twitter: Twitter: coinbase
► Like us on Facebook: Facebook: coinbase
► Find us on Instagram: Instagram: coinbase
#coinbase #Cryptocurrency #Blockchain #CoinbaseExchange #CoinbaseApp #OpenFinancialSystem #CryptoForAll
__
This content is being provided to you for informational purposes only. Nothing discussed in this video is intended to be investment advice. This content, and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.
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در تاریخ 1402/04/08 منتشر شده
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