How long does USDT ERC20 transaction take?

CoinList adheres to a strict policy when it comes to validating ETH or ERC-20 transactions. The platform waits for a total of 30 confirmations before deeming such a transaction as final. This measure ensures a high level of security and reduces the risk of fraud or double-spending.

The number of confirmations required might seem like a lot, but in practice, it usually doesn't take long to achieve. In normal circumstances, the process should only take around 5 minutes. This makes CoinList a relatively efficient platform for handling cryptocurrency transactions.

However, it's important to note that the timing can vary. The process can take anywhere from 5 minutes to 4 hours, depending on various factors. This can be inconvenient for users who need to complete transactions quickly, but it's a necessary compromise for maintaining security.

One of the main factors that can affect transaction times is network congestion. When the Ethereum network is busy, it can take longer for transactions to be confirmed. This is because there are a limited number of blocks available each minute, and transactions have to wait for their turn to be processed.

During periods of high network congestion, transactions can take significantly longer to complete. This can be frustrating for users, but it's a natural consequence of the way the Ethereum network operates. It's important for users to be aware of this potential delay and plan accordingly.