Cryptocurrency transaction speed 2022

The estimated time with which Kraken would confirm a deposit of certain cryptocurrencies varied from between near-instantaneous to up to several hours. Bitcoin, for instance, could take around 40 minutes - depending on the fees involved - whereas tokens like Cardano or Solana could be handled almost immediately. The transaction speed matters as it indicates which cryptocurrency is more efficient. A higher efficiency means that the blockchain underneath the coin is more capable of transferring data from one party to the other and confirm transactions. Transaction speed can be influenced by several factors, including block time, block size, transaction fees, and network traffic.

Average transaction speed of 69 cryptocurrencies with the highest market cap as of September 2022 (in minutes)

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Release date

September 2022

More information

Region

Worldwide

Survey time period

September 16, 2022

Special properties

The coins listed here have been ranked based off their market cap. Bitcoin (BTC), for example, ranks top not for its transaction speed, but because it had the highest market cap of all cryptocurrencies.

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