Understanding why your LTC confirmations aren’t showing up on an exchange can be a bit perplexing, especially when you’ve anticipated a swift transaction. Various factors might contribute to this delay. One primary reason could be the blockchainS current congestion levels. When the network sees a high volume of transactions, miners can prioritize higher-fee transactions, resulting in delayed confirmations for others. Factors to consider include:
- Network congestion: Increased activity can lead to longer wait times.
- Transaction fees: If your fee is too low, miners may not prioritize it.
- Exchange processing times: Different exchanges have varying speed in processing incoming transactions.
Additionally, there could be technical issues at play, either on the wallet or the exchange itself. Sometimes, the exchange may undergo maintenance, affecting its ability to update transaction statuses. It’s also crucial to ensure that you’re using the correct receiving address. A small mistake in the address can lead to lost funds or transactions being stuck in limbo. Here are some troubleshooting steps:
- Check the transaction status: Use a block explorer to verify the state of your transaction.
- Review sitting transactions: Validate if your transaction is pending on your wallet’s end.
- Contact support: If things seem unclear, reach out to the exchange for assistance.
