Ethereum: Coinbase to Blockchain transfer delayed
I recently sent my friend about $950 in BTC from Coinbase to his BTC wallet on BlockChain.info. The transaction shows up on my account as complete, but it says it hasn’t received the funds.
The delay could be caused by several reasons. Here are some possible explanations:
- Network Congestion
: The Ethereum blockchain network may experience delays or slowdowns during periods of high data volume, resulting in transaction delays.
- Transaction Fee
: Coinbase charges a small fee for each transaction, which can accumulate and cause delays in the transfer process.
- Problems with smart contracts: If there are problems with the smart contract in your BlockChain.info wallet, it may lead to a delay or inability to transfer funds.
- Intermediary Processing: In some cases, Coinbase may need to process transactions through intermediaries, such as exchanges or payment systems, before transferring funds to the recipient’s wallet.
- Wallet Sync Issues: If the recipient’s wallet is not properly synced with their Coinbase account or system, this may cause delays in receiving funds.
If your friend suspects that there may be a delay, he can contact Coinbase support directly to find out about the status of his transaction. They will be able to provide additional information and advice on how to resolve any issues that may be causing the delay.