After you confirm your deposit, the transaction is immediately broadcasted to the network and is shown as “pending” until there is at least one confirmation.
For your convenience, your “pending” transactions are displayed under the “History” section.
There may be several reasons for pending/delayed crypto deposits.
Problematic transactions are typically due to:
Congested traffic on the blockchain network: There is an increase in the number of transactions on the blockchain network, causing congestion and delays that are not under CoinSwitch’s control.
The network can currently only handle a certain amount of transactions per block. Each transaction has a certain size in bytes and each block can only contain a certain number of bytes.If the network becomes congested and can't process transactions fast enough, it creates a backlog of unconfirmed transactions. These are usually resolved within 24 hours.