I've recently had a problem transferring only a small amount of ethereum to Binance, and decided to investigate whether network congestion was still an issue...
I don't know if this is still the case, but in early December, Cryptokitties had a pretty big impact on the ethereum network. Collectors seemed to be clogging up the ethereum network, delaying transactions, and causing a pile-up of unprocessed transactions. The collectors are playing CryptoKitties, a game built on the ethereum blockchain where players spend ether—the digital token used by ethereum—to breed cartoon kittens or trade with other players. Unprocessed ethereum transactions have risen about six-fold since CryptoKitties was released on November 28th, according to data provider Etherscan.
I have been told that a lot of people have also been gifting each other Ethereum for Christmas (have to admit - it's a great gift). That along with all this Cryptokitty craziness is a sure way to block up the network.
I am aware however that some exchanges require a lot more confirmations that others, and Binance happens to be one of those, so I'm going to be patient...
Please feel free to comment and share your opinion & knowledge on what's happening with Ethereum right now!
Wallflower
I literally just transferred some ETH to Binance, Ill let you know how mine goes. I did mine from Coinbase to binance. Cheers!
Interesting! Thanks, and keep the updates coming! :-)
Will do!
also me..
Haha, I know the feeling! After a 2 hour wait my transaction is finally going through.. It's 1 30th of the way there according to Binance 😂 Hang tight!
I see a confirmation now, almost done so yay!
Awesome! Glad it worked out 😂😂😂
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