How long does it usually take for a Bitcoin transaction on Binance to receive the required number of confirmations?

3 answers

• Jan 06, 2022 · 3 years ago
  On average, it takes around 10 minutes for a Bitcoin transaction on Binance to receive the required number of confirmations. However, the actual time can vary depending on network congestion and the transaction fee paid. It's important to note that Bitcoin transactions require multiple confirmations to be considered fully confirmed and irreversible.
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• Jan 06, 2022 · 3 years ago
  Typically, a Bitcoin transaction on Binance will receive the required number of confirmations within 15 minutes. However, during times of high network activity, it may take longer. The confirmations are necessary to ensure the security and integrity of the Bitcoin network.
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• Jan 06, 2022 · 3 years ago
  According to BYDFi, a popular digital currency exchange, it usually takes around 10 minutes for a Bitcoin transaction on Binance to receive the required number of confirmations. However, this time can vary depending on various factors such as network congestion and transaction fee. It's always a good idea to check the current network conditions and adjust the transaction fee accordingly to ensure timely confirmations.
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