Solana Transactions

Understand how Solana transactions work on CoinLab and what to expect during the purchase process.

How It Works

1

Request

You initiate a purchase.

2

Signing

Wallet signs the transaction.

3

Broadcast

Transaction sent to the network.

4

Confirmation

Validators confirm.

5

Crediting

Buzz added to your account.

Transaction Types

Purchases

• Time: 5-30 seconds

• Method: Direct confirmation

Confirmation Times

Factors That Affect

• Network congestion: Peak hours

• Fee paid: Higher fee = faster confirmation

• Validators: Node availability

Typical Times

• Fast network: 2-5 seconds

• Normal network: 5-15 seconds

• Congested network: 15-60 seconds

• Maximum: Rarely more than 2 minutes

Network Fees

What They Are

• Cost to process the transaction

• Paid to validators of the Solana network

• Separate from the purchase amount

• Variable depending on congestion

Troubleshooting

"Pending Transaction"

Cause: Slow network or low fee.

Solution: Wait for confirmation (up to 2 minutes).

"Transaction Failed"

Cause: Insufficient balance or congested network.

Solution: Check SOL balance and try again.

"I Didn't Receive the Buzz"

Cause: Transaction not confirmed.

Solution: Wait or contact support.

Security

Implemented Validations

• Signing: Prevents fraud

• Wallet validation: Confirms origin

• Duplicate prevention: Prevents double charging

Good Practices

• Confirm amounts before signing

• Use only official sites

• Keep wallet updated