How many confirmations are required for Ethereum transactions on Coinbase?
Hrithik PariharJan 16, 2022 · 3 years ago7 answers
When sending Ethereum transactions on Coinbase, how many confirmations are needed before the transaction is considered complete?
7 answers
- Jan 16, 2022 · 3 years agoTypically, Coinbase requires 12 confirmations for Ethereum transactions to be considered complete. Confirmations are the number of blocks that have been added to the Ethereum blockchain after the block containing your transaction. Each confirmation increases the security and finality of the transaction. It usually takes around 2-3 minutes for each confirmation to be added to the blockchain.
- Jan 16, 2022 · 3 years agoTo ensure the security and integrity of Ethereum transactions, Coinbase has set the requirement of 12 confirmations. This means that your transaction needs to be included in 12 additional blocks on the Ethereum blockchain before it is considered fully confirmed. This process usually takes around 20-30 minutes, depending on the network congestion and gas fees.
- Jan 16, 2022 · 3 years agoWhen it comes to Ethereum transactions on Coinbase, you'll need to wait for 12 confirmations. This is to ensure the transaction is secure and irreversible. Each confirmation represents a block added to the Ethereum blockchain, and it usually takes around 2-3 minutes for each confirmation. So, you can expect the entire process to take around 20-30 minutes.
- Jan 16, 2022 · 3 years agoAs an expert in the field, I can tell you that Coinbase requires 12 confirmations for Ethereum transactions. This is to ensure the highest level of security and prevent any potential double-spending. Each confirmation represents a block added to the Ethereum blockchain, and it usually takes around 2-3 minutes for each confirmation. So, you'll need to wait for approximately 20-30 minutes for your transaction to be fully confirmed.
- Jan 16, 2022 · 3 years agoWhen it comes to Ethereum transactions on Coinbase, you'll need to wait for 12 confirmations. This is a standard requirement set by Coinbase to ensure the transaction is secure and reliable. Each confirmation represents a block added to the Ethereum blockchain, and it usually takes around 2-3 minutes for each confirmation. So, be patient and give it around 20-30 minutes for your transaction to be fully confirmed.
- Jan 16, 2022 · 3 years agoAs an expert in the field, I can tell you that Coinbase requires 12 confirmations for Ethereum transactions. This is to ensure the highest level of security and prevent any potential double-spending. Each confirmation represents a block added to the Ethereum blockchain, and it usually takes around 2-3 minutes for each confirmation. So, you'll need to wait for approximately 20-30 minutes for your transaction to be fully confirmed.
- Jan 16, 2022 · 3 years agoWhen it comes to Ethereum transactions on Coinbase, you'll need to wait for 12 confirmations. This is a standard requirement set by Coinbase to ensure the transaction is secure and reliable. Each confirmation represents a block added to the Ethereum blockchain, and it usually takes around 2-3 minutes for each confirmation. So, be patient and give it around 20-30 minutes for your transaction to be fully confirmed.
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