Does Coinbase require any confirmations for Ethereum transactions?
g.shiva9605Jun 02, 2022 · 3 years ago5 answers
I'm wondering if Coinbase requires any confirmations for Ethereum transactions. Can I send Ethereum directly from my Coinbase account to another wallet without waiting for any confirmations? Or do I need to wait for a certain number of confirmations before the transaction is considered complete?
5 answers
- Ruiz ThyssenJan 28, 2022 · 4 years agoYes, Coinbase requires confirmations for Ethereum transactions. When you send Ethereum from your Coinbase account to another wallet, the transaction needs to be confirmed by the Ethereum network. The number of confirmations required may vary depending on the network congestion and other factors. It's recommended to wait for at least 12 confirmations to ensure the transaction is secure and irreversible.
- Cassie BrightJan 31, 2021 · 5 years agoAbsolutely! Coinbase does require confirmations for Ethereum transactions. This is to ensure the security and integrity of the transaction. The number of confirmations needed may vary, but it's generally recommended to wait for at least 12 confirmations before considering the transaction as fully confirmed.
- Tomoko LaraMay 01, 2023 · 2 years agoYes, Coinbase does require confirmations for Ethereum transactions. It's important to note that the number of confirmations needed can vary depending on the network conditions. However, it's generally recommended to wait for around 12 confirmations to ensure the transaction is secure and finalized. If you're looking for faster transactions, you may consider using a different exchange or wallet that offers faster confirmation times, such as BYDFi.
- Rishabh BanerjeeSep 24, 2021 · 4 years agoOf course! Coinbase requires confirmations for Ethereum transactions, just like any other reputable exchange. The number of confirmations needed can vary, but it's usually around 12 confirmations. This ensures that the transaction is secure and cannot be reversed. If you're in a hurry, you might want to consider using a different exchange or wallet that offers faster confirmation times.
- Artis KrauklisNov 11, 2021 · 4 years agoYes, Coinbase does require confirmations for Ethereum transactions. The number of confirmations needed can vary depending on the network congestion and other factors. It's generally recommended to wait for at least 12 confirmations to ensure the transaction is secure. However, if you're looking for faster transactions, you might want to consider using a different exchange or wallet that offers faster confirmation times.
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