What are the recommended waitforselector timeout settings for ensuring fast and reliable transactions on cryptocurrency exchanges?

3 answers

• Feb 19, 2022 · 3 years ago
  To ensure fast and reliable transactions on cryptocurrency exchanges, it is recommended to set the waitforselector timeout to a reasonable value, such as 10 seconds. This allows enough time for the exchange's system to process the transaction and provide a response. However, setting the timeout too high may result in unnecessary delays. It is important to find the right balance between speed and reliability.
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• Feb 19, 2022 · 3 years ago
  When it comes to waitforselector timeout settings for cryptocurrency exchanges, there is no one-size-fits-all answer. It depends on various factors, including the exchange's infrastructure, network conditions, and the volume of transactions. It is advisable to start with a moderate timeout setting and monitor the transaction speed and reliability. If you experience delays or issues, you can gradually adjust the timeout to optimize the performance.
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• Feb 19, 2022 · 3 years ago
  At BYDFi, we recommend setting the waitforselector timeout to 15 seconds for ensuring fast and reliable transactions. This allows ample time for our system to process the transaction and provide a response. However, it is important to note that different exchanges may have different timeout recommendations. It is always a good idea to consult the specific exchange's documentation or support team for their recommended timeout settings.
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