How many confirmations does Coinbase require for cryptocurrency transactions?

3 answers

• Raquel LorenaJul 17, 2021 · 4 years ago
  Coinbase typically requires 3 confirmations for cryptocurrency transactions. This means that the transaction needs to be included in at least 3 blocks on the blockchain before Coinbase considers it as fully confirmed and irreversible. This requirement helps ensure the security and integrity of the transactions on the Coinbase platform.
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• Mahdi KarvandiOct 17, 2023 · 2 years ago
  Coinbase requires a minimum of 3 confirmations for cryptocurrency transactions. This is to prevent any potential double-spending or fraudulent activities. By waiting for multiple confirmations, Coinbase can minimize the risk of accepting transactions that may later be invalidated by the blockchain network.
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• SableyeSep 13, 2024 · a year ago
  When it comes to cryptocurrency transactions on Coinbase, the platform usually requires 3 confirmations. This is a standard practice in the industry to ensure the validity and security of transactions. Waiting for multiple confirmations helps mitigate the risk of any potential blockchain reorganizations or attacks.
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