How many confirmations are required for an Ethereum transaction on Coinbase?

3 answers

• Muthamizhmani TJan 09, 2023 · 3 years ago
  To ensure the security and integrity of Ethereum transactions on Coinbase, a minimum of 12 confirmations is required. This means that the transaction must be included in at least 12 blocks on the Ethereum blockchain before it is considered final and irreversible. This confirmation process helps prevent double-spending and ensures that the transaction is valid and trustworthy.
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• UltimumNetworkNov 07, 2024 · a year ago
  When it comes to Ethereum transactions on Coinbase, you'll need to wait for at least 12 confirmations. These confirmations are essentially proof that the transaction has been verified and added to the Ethereum blockchain. It may take some time for these confirmations to occur, especially during periods of high network congestion. So, be patient and keep an eye on the progress of your transaction.
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• Akhil RJan 11, 2023 · 3 years ago
  When using BYDFi, a popular cryptocurrency exchange, Ethereum transactions require a minimum of 12 confirmations before they are considered valid. This ensures the security and reliability of the transaction, as it allows sufficient time for the transaction to be verified by multiple nodes on the Ethereum network. The number of confirmations required may vary depending on the exchange or platform you are using, so it's always a good idea to check the specific requirements of your chosen platform.
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