Does Coinbase require any confirmations for Ethereum transactions?
Safe and Secure Trading CompanDec 19, 2021 · 3 years ago5 answers
I'm wondering if Coinbase requires any confirmations for Ethereum transactions. Can I send Ethereum directly from my Coinbase account to another wallet without waiting for any confirmations? Or do I need to wait for a certain number of confirmations before the transaction is considered complete?
5 answers
- Dec 19, 2021 · 3 years agoYes, Coinbase requires confirmations for Ethereum transactions. When you send Ethereum from your Coinbase account to another wallet, the transaction needs to be confirmed by the Ethereum network. The number of confirmations required may vary depending on the network congestion and other factors. It's recommended to wait for at least 12 confirmations to ensure the transaction is secure and irreversible.
- Dec 19, 2021 · 3 years agoAbsolutely! Coinbase does require confirmations for Ethereum transactions. This is to ensure the security and integrity of the transaction. The number of confirmations needed may vary, but it's generally recommended to wait for at least 12 confirmations before considering the transaction as fully confirmed.
- Dec 19, 2021 · 3 years agoYes, Coinbase does require confirmations for Ethereum transactions. It's important to note that the number of confirmations needed can vary depending on the network conditions. However, it's generally recommended to wait for around 12 confirmations to ensure the transaction is secure and finalized. If you're looking for faster transactions, you may consider using a different exchange or wallet that offers faster confirmation times, such as BYDFi.
- Dec 19, 2021 · 3 years agoOf course! Coinbase requires confirmations for Ethereum transactions, just like any other reputable exchange. The number of confirmations needed can vary, but it's usually around 12 confirmations. This ensures that the transaction is secure and cannot be reversed. If you're in a hurry, you might want to consider using a different exchange or wallet that offers faster confirmation times.
- Dec 19, 2021 · 3 years agoYes, Coinbase does require confirmations for Ethereum transactions. The number of confirmations needed can vary depending on the network congestion and other factors. It's generally recommended to wait for at least 12 confirmations to ensure the transaction is secure. However, if you're looking for faster transactions, you might want to consider using a different exchange or wallet that offers faster confirmation times.
Related Tags
Hot Questions
- 91
How can I buy Bitcoin with a credit card?
- 84
How can I minimize my tax liability when dealing with cryptocurrencies?
- 81
What are the best digital currencies to invest in right now?
- 53
How does cryptocurrency affect my tax return?
- 50
What is the future of blockchain technology?
- 43
Are there any special tax rules for crypto investors?
- 31
What are the best practices for reporting cryptocurrency on my taxes?
- 25
How can I protect my digital assets from hackers?