🔸Hello, 👋 Kaitlin Jacob GGld! You are experiencing a slight delay with your deposit for P2P. Let me summarize why this is happening:

When you send cryptocurrencies, that transaction needs approval from several computers on the blockchain network, like verification stamps. This process is called "confirmations" and is essential to ensure that your transaction is secure and valid.

The message you see indicates that your Ethereum deposit ($ETH ) has not yet received enough of these "stamps" of confirmation on the blockchain. Therefore, your associated Bitcoin (BTC) funds for that transaction have been temporarily frozen.

Why does it take time to confirm? It could be for several reasons:

* High network activity (congestion): If many people are making transactions at the same time, the network can slow down, like a highway with heavy traffic.

* Sending fees (Gas): If the fee you paid to send your ETH was low, the network may prioritize transactions with higher fees.

* The time it takes for the network to create new "blocks" of transactions: Each blockchain has its own pace for adding new blocks, and your transaction must be included in one of them and then confirmed in later blocks.

* The platform (like Binance) requires a specific number of confirmations: To protect transactions within their system, platforms set a number of required confirmations before releasing the funds.

So, essentially, the wait is due to the blockchain network needing time to fully verify your deposit. Once it reaches the required number of confirmations, your funds will be automatically unlocked, and you can carry out your P2P transactions. Please be patient, it’s almost ready! 😊