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how long does it take for a transaction to show up on my monero

How long does a transaction take in Monero?

A Monero transaction can be tentatively completed in as little as 1 confirmation in 2 minutes. However, the latest blocks in the blockchain are changeable until more blocks are added after them. For irreversibility, 10-15 levels of blocks and thus 10-15 confirmations are needed.

Why is my Monero transaction taking so long?

On average, Monero blocks are mined every 2 minutes. This means that after announcing a transaction, your transaction will wait for the next block to be mined, and then it will take around 2 minutes to be mined into that new block.

Can you see transactions on Monero?

The short answer is, you can't. Monero is considered a privacy coin and therefore transaction details will be hidden for anyone looking on the block explorer with only the Monero address.

How long is XMR pending?

How long do I have to wait for a pending transaction?

Asset Typical time pending
Monero 20 minutes or less
Dash 15 minutes or less
BNB 5 minutes or less
Ethereum 5 minutes or less

Is Monero illegal?

Monero is not an illegal cryptocurrency. Unlike others, it is a privacy-oriented cryptocurrency that provides users with anonymity. This means it is not traceable. This characteristic, however, does make it very popular on the darknet and for use with certain activities such as gambling and the sale of drugs.

Is Monero untraceable?

Monero transactions are confidential and untraceable. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: Stealth Addresses, Ring Signatures, and RingCT. Because every transaction is private, Monero cannot be traced.

Is Monero 100% untraceable?

Monero transactions are confidential and untraceable. Because every transaction is private, Monero cannot be traced. This makes it a true, fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.

How do I speed up my Monero sync?

If you have an SSD drive, there is a way to speed up the initial synchronization of your daemon with the network. This is achieved by downloading a copy of the raw blockchain and importing it.

How do I track my Monero transaction?

How to track your Monero transaction? The blockchain records vast amounts of data related to transactions, wallet addresses and blocks. By using a Monero block explorer, you can search through this data and find the relevant information you might need.

Can the IRS track Monero?

If the U.S.'s tax office, the Internal Revenue Service, can't trace Monero transactions, it can't prosecute anyone who flouts the rules. That logic may have been enough to pump the price of the coin. With a market cap of $5.3 billion, Monero is now the 28th largest cryptocurrency by market cap.

Why is my crypto transfer taking so long?

The transactions are considered to be unconfirmed or pending until a miner confirms the transaction. A new block is mined every 10 minutes on average. That is, bitcoin transactions cannot be processed instantly. When there are more transactions to be processed in the network, it takes longer to process the transaction.

Is Monero fast?

Bitcoin: Transaction Speed. A Monero transaction takes about 2 minutes to confirm. Nevertheless, a Monero transaction isn't considered fully confirmed until the network confirms the transaction 10 times.

Is Monero still untraceable?

Monero transactions are confidential and untraceable. Because every transaction is private, Monero cannot be traced. This makes it a true, fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.

Can police trace Monero?

The current status of Monero tracing remains in question. Cryptocurrency analytics firm CipherTrace filed two patents in 2020 for Monero tracing technology and released "tracing virtualization" tools last summer for qualified government agencies and financial institutions.

Is Monero still untraceable 2022?

Because every transaction is private, Monero cannot be traced. This makes it a true, fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.

How do you mine Monero?

How to mine monero

  1. Step 1: Get a monero wallet. You need to download, install, and set up a crypto wallet, using one of the supported monero wallets. …
  2. Step 2: Mining software. …
  3. Step 3: Window Security exclusion. …
  4. Step 4: Choosing a monero mining pool. …
  5. Step 5: Generate the config.

Oct 22, 2021

Is exodus wallet safe for Monero?

Exodus encrypts private keys and transaction data. On your device and for your eyes only. Your data remains private – no account setup or verification required.

Can you avoid taxes with Monero?

Monero has the ability to hide all transaction records on the platform, which makes it perfect in theory if you want to hide illegal activity. In 2020, the platform is still secure with complete privacy. There are endless possibilities for how and why this could be useful for avoiding government scrutiny and taxes.

How long does it take to receive crypto?

The minimum expected receive time ranges from five minutes to two hours. However, high network activity can push this out further. An incoming transaction will appear in your transactions list in the relevant crypto wallet, but it requires a set number of confirmations before it is considered received.

Why is my money not showing up in trust wallet?

Try checking your internet/VPN connections. For Trust Wallet to work properly, you must have an internet connection. Try toggling off/on your mobile data and Wi-Fi. Next, try opening up a web browser to see if you are indeed connected to the internet. In rare cases, it could be your VPN that is causing the issue.