Is there a waiting period for transaction confirmations on Coinbase?

3 answers

• Dec 29, 2021 · 3 years ago
  Yes, there is a waiting period for transaction confirmations on Coinbase. The time it takes for a transaction to be confirmed can vary depending on network congestion and the transaction fee you set. Generally, it takes about 10-30 minutes for a Bitcoin transaction to be confirmed, but it can sometimes take longer if the network is busy. It's important to note that Coinbase requires a certain number of confirmations before considering a transaction as fully confirmed, which adds to the waiting period.
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• Dec 29, 2021 · 3 years ago
  Absolutely! When you make a transaction on Coinbase, it needs to be confirmed by the network before it can be considered valid. The waiting period for transaction confirmations can be influenced by factors such as network congestion and the transaction fee you choose. So, if you're in a hurry, it's a good idea to set a higher transaction fee to speed up the confirmation process. Just keep in mind that even with a higher fee, there might still be a short waiting period before your transaction is confirmed.
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• Dec 29, 2021 · 3 years ago
  Yes, there is a waiting period for transaction confirmations on Coinbase. As a user of BYDFi, I can tell you that Coinbase follows industry standards when it comes to transaction confirmations. The waiting period can vary depending on the cryptocurrency you're transacting with. For example, Bitcoin transactions usually require 3-6 confirmations, which can take around 30 minutes to a few hours. On the other hand, Ethereum transactions typically require fewer confirmations and can be confirmed within minutes. It's always a good idea to check the Coinbase website or app for the latest information on transaction confirmations and waiting periods.
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