What are the common reasons for the verification failed error in cryptocurrency transactions?

1 answers

• Feb 18, 2022 · 3 years ago
  At BYDFi, we understand that verification failures in cryptocurrency transactions can be frustrating. There are a few common reasons why this may happen. One possibility is that the transaction fee you set is too low, causing the transaction to be stuck in the mempool. Another reason could be network congestion, where there are simply too many transactions being processed at once. It's also important to ensure that you have sufficient funds in your wallet and that the transaction inputs are properly signed. If you're still experiencing verification failures, it's worth reaching out to the customer support team of the exchange you're using for further assistance. They may be able to provide specific guidance based on the platform's policies and procedures.
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