How long does it take for a deposit to be completed?
The deposit completion time depends on the confirmation speed of network miners and the required number of confirmations by the receiving platform. The main influencing factors are as follows:
Network miner confirmation speed
Each deposit needs to be confirmed by miners on the blockchain network. The confirmation speed is influenced by network congestion and the transaction fee amount. Higher fees typically result in a higher processing priority by miners.
Deposit verification method
Number of confirmations: different tokens require a different number of confirmations for deposits to complete. For example, USDT deposits on the TRON network require 19 confirmations, while those on the Ethereum network require 32 confirmations (please refer to the website for the latest information).
Bundle verification: if you choose to transact on a Layer 2 network (such as Optimism, Base, or Arbitrum One), the transaction will be verified on Layer 2 and then bundled with other transactions as a single bundle for verification on Layer 1. OKX completes the deposit process based on the final Layer 1 status and block confirmations.
[1 Bundle Verification]: the deposit only requires verification on Layer 2.
[2 Bundle Verifications]: the deposit requires verification on both Layer 1 and Layer 2.
Blockchain Network Congestion
When the blockchain network is congested, transaction confirmation times may be extended, which can delay the deposit arrival time.