How many confirmations does Ethereum need on Coinbase?

3 answers

• Jan 04, 2022 · 3 years ago
  Sure! When you make an Ethereum transaction on Coinbase, it requires 12 confirmations before it is considered fully confirmed. This is to ensure the security and validity of the transaction. Each confirmation represents a block added to the Ethereum blockchain, and it typically takes around 3 minutes for a new block to be added. So, you can expect your transaction to be fully confirmed in approximately 36 minutes. Keep in mind that this confirmation process may vary depending on network congestion and other factors.
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• Jan 04, 2022 · 3 years ago
  Ethereum transactions on Coinbase need 12 confirmations to be considered fully confirmed. This is to prevent any potential double-spending or fraudulent activities. Each confirmation represents a level of security and trust in the transaction. It usually takes around 36 minutes for the required confirmations to be completed, but this can vary depending on the network conditions. So, be patient and keep an eye on your transaction until it is fully confirmed!
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• Jan 04, 2022 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, Ethereum transactions on Coinbase require 12 confirmations for full confirmation. This ensures the integrity and security of the transaction. Each confirmation represents a block added to the Ethereum blockchain, and it usually takes around 36 minutes for the required confirmations to be completed. However, please note that network congestion and other factors can affect the confirmation time. So, it's always a good idea to monitor your transaction until it is fully confirmed.
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