How long does a ERC-20 USDT transaction take?

CoinList adheres to a strict confirmation process for deeming ETH and ERC-20 transactions as final. This involves waiting for a total of 30 confirmations on the blockchain.

The process of acquiring these confirmations typically doesn't take long, often requiring approximately five minutes. This timeframe is based on average network conditions and the efficiency of miners in validating transactions.

However, it's important to note that the actual duration can vary significantly. The wait time for 30 confirmations can stretch from the usual five minutes to as much as four hours. This fluctuation is due to various factors that impact the blockchain network.

One of the primary reasons for this variation is network congestion. When the Ethereum network experiences high traffic, the validation of transactions slows down. This occurs because miners have to process a larger number of transactions, leading to delays in confirmations.

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