How does Coinbase handle confirmations for Bitcoin Cash transactions?

3 answers

• Leonard BurtApr 02, 2023 · 2 years ago
  Sure! When you send a Bitcoin Cash transaction on Coinbase, it goes through a process called confirmation. This process involves miners verifying the transaction and adding it to the blockchain. The number of confirmations required for a transaction to be considered secure can vary, but typically it's around 6 confirmations. Each confirmation represents a block being added to the blockchain. The time it takes for a transaction to be confirmed depends on the network congestion and the fees you've paid. Generally, it can take anywhere from a few minutes to an hour for a transaction to be confirmed on the Bitcoin Cash network.
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• Atkinson McConnellMar 18, 2023 · 2 years ago
  Coinbase handles confirmations for Bitcoin Cash transactions by waiting for a certain number of confirmations before considering the transaction as complete. This ensures that the transaction is secure and irreversible. The number of confirmations required may vary depending on the network conditions, but it's usually around 6 confirmations. Once the required number of confirmations is reached, the funds are credited to your Coinbase account and you can use them as you wish.
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• Razoun MishuFeb 22, 2023 · 2 years ago
  As an expert in the field, I can tell you that Coinbase handles confirmations for Bitcoin Cash transactions in a secure and efficient manner. They wait for a sufficient number of confirmations before considering the transaction as final. This helps prevent double-spending and ensures the integrity of the network. The exact number of confirmations required may vary depending on the network conditions, but Coinbase follows industry best practices to ensure the safety of your transactions.
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