What can I do if a transaction sent from another wallet to Exodus is pending? How long do I have to wait for a pending transaction? Asset A refresh updates your wallet to the latest information from the network. If you have a dropped transaction in your wallet that continues to show as pending, you can often manually remove this by refreshing your wallet. Transactions that do not get confirmed by the network are usually dropped and returned to the sender. To learn more about how blocks are confirmed on different networks, please see our article: How do consensus mechanisms like proof-of-work (PoW) and proof-of-stake (PoS) work? This is particularly true for Bitcoin, which has an estimated block confirmation time of 10 minutes but can occasionally be as high as 40+ minutes, due to variability in mining difficulty. Sometimes there is 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.ĭue to the nature of how blocks are confirmed, there can be times when blocks are confirmed slower than usual, resulting in prolonged block times. The network is experiencing a high volume.Until the funds you receive are properly confirmed, all of your sent funds will be marked with this same pending state. You can think of this as a waterfall effect. If you are trying to send assets that appear as pending in your account, your transaction will also remain in a pending state until your deposits are confirmed. If the sender did not use a sufficient fee, your deposit might never confirm. Receiving a transaction with insufficient feesĪll transactions require a miner fee to be confirmed by the asset network.Pending transactions are usually caused by four main reasons: These transactions remain marked as Pending. Occasionally, transactions are not accepted by the network for several reasons.
Next, it is confirmed, or included in a block, by the network's miners or validators. What is happening with a pending transaction?įirst, your transaction is broadcast to the blockchain network by your wallet. This lets you know the transaction cannot be reversed and the funds can be sent. Once a transaction is verified on the network, the pending tag will be removed. The time it takes a transaction to be confirmed depends on the fee used by the sender and the overall network traffic. Typically, incoming transactions appear in your account within a minute after they are broadcast, but will be tagged as Pending until there has been at least one network confirmation. What does a pending transaction look like in my wallet?.What can I do if a transaction sent from Exodus is pending?.What can I do if a transaction sent from another wallet to Exodus is pending?.How long do I have to wait for a pending transaction?.What is happening with a pending transaction?.
#Pending transactions meaning download
If you need a self-custody crypto wallet to send and receive transactions, you can download Exodus. Is your crypto transaction pending? Read on to understand why we sometimes label your incoming transactions as Pending within the wallet.
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