How many confirmations are required for Litecoin deposits on Kucoin?
Lennart KDec 29, 2021 · 3 years ago6 answers
When depositing Litecoin on Kucoin, how many confirmations are needed before the funds are credited to my account?
6 answers
- Dec 29, 2021 · 3 years agoTypically, Kucoin requires 12 confirmations for Litecoin deposits. This means that after your transaction has been included in 12 blocks on the Litecoin blockchain, the funds will be credited to your Kucoin account. The number of confirmations required may vary depending on network congestion and other factors, but 12 confirmations is the standard requirement.
- Dec 29, 2021 · 3 years agoTo ensure the security and integrity of transactions, Kucoin usually requires 12 confirmations for Litecoin deposits. This helps prevent double-spending and ensures that the transaction is irreversible. It may take some time for the required number of confirmations to be reached, especially during periods of high network activity.
- Dec 29, 2021 · 3 years agoWhen depositing Litecoin on Kucoin, you'll need to wait for 12 confirmations before the funds are credited to your account. This is to ensure the transaction is valid and secure. Once the required number of confirmations is reached, your funds will be available for trading or withdrawal. Keep in mind that the confirmation process can take some time, depending on the network congestion and the speed of the Litecoin blockchain.
- Dec 29, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that Kucoin typically requires 12 confirmations for Litecoin deposits. This is a standard practice to ensure the security and reliability of transactions. Once your transaction has been confirmed 12 times on the Litecoin blockchain, your funds will be credited to your Kucoin account.
- Dec 29, 2021 · 3 years agoWhen it comes to Litecoin deposits on Kucoin, you'll need to wait for 12 confirmations. This is to ensure the transaction is valid and secure. Once the required number of confirmations is reached, your funds will be available for trading or withdrawal. Just be patient as it may take some time for the confirmations to be completed.
- Dec 29, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, requires 12 confirmations for Litecoin deposits. This is to ensure the security and integrity of transactions. Once your transaction has been confirmed 12 times on the Litecoin blockchain, your funds will be credited to your Kucoin account. Keep in mind that the number of confirmations required may vary depending on network congestion and other factors.
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