How many confirmations does Coinbase typically wait for before considering a cryptocurrency transaction as confirmed?

3 answers

• Danielle LynnAug 15, 2024 · 2 years ago
  Coinbase typically waits for 6 confirmations before considering a cryptocurrency transaction as confirmed. This is to ensure the transaction is secure and irreversible. It may take some time for these confirmations to be generated, depending on the network congestion and the specific cryptocurrency being used.
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• Anil kumarOct 01, 2020 · 5 years ago
  When it comes to confirming cryptocurrency transactions, Coinbase plays it safe by waiting for 6 confirmations. This is a standard practice in the industry to ensure the transaction is valid and cannot be reversed. The number of confirmations required may vary for different cryptocurrencies, but Coinbase sticks to 6 as a general rule.
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• Luftwaffles2Apr 12, 2024 · 2 years ago
  Typically, Coinbase waits for 6 confirmations before considering a cryptocurrency transaction as confirmed. This is in line with industry standards and helps ensure the transaction is secure and cannot be tampered with. However, it's worth noting that different cryptocurrencies may have different confirmation requirements, so it's always a good idea to check the specific requirements for the cryptocurrency you're dealing with.
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