What is the block confirmation requirement for Ethereum on Coinbase?

3 answers

• i understand nothingNov 20, 2023 · 2 years ago
  Sure! When it comes to block confirmation for Ethereum on Coinbase, the number of confirmations required depends on the specific transaction. Generally, Coinbase requires 12 confirmations for a transaction to be considered fully confirmed. This means that the transaction has been included in 12 blocks on the Ethereum blockchain, which ensures a high level of security and reduces the risk of double-spending.
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• Nielsen RhodesMar 09, 2024 · a year ago
  The block confirmation requirement for Ethereum on Coinbase is an important aspect of ensuring the security and integrity of transactions. To be fully confirmed, a transaction needs to have a certain number of confirmations, which means that it has been included in a certain number of blocks on the Ethereum blockchain. Coinbase typically requires 12 confirmations for Ethereum transactions, which provides a high level of confidence in the transaction's validity.
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• FacundoJan 26, 2024 · 2 years ago
  When it comes to Ethereum transactions on Coinbase, the block confirmation requirement is set at 12 confirmations. This means that a transaction needs to be included in 12 blocks on the Ethereum blockchain before it is considered fully confirmed. This requirement ensures the security and reliability of the transaction, as it reduces the risk of any potential blockchain reorganizations or double-spending attacks. At BYDFi, we also follow a similar confirmation requirement to ensure the safety of our users' transactions.
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