How many confirmations are required for an Ethereum transaction on Binance?

3 answers

• Dec 15, 2021 · 3 years ago
  To ensure the security and integrity of Ethereum transactions on Binance, a minimum of 12 confirmations is required for the transaction to be considered valid. Confirmations are the number of blocks that have been added to the Ethereum blockchain after the block containing the transaction. This waiting period allows for the verification and validation of the transaction by multiple nodes on the network, reducing the risk of double-spending and ensuring the transaction's finality.
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• Dec 15, 2021 · 3 years ago
  When it comes to Ethereum transactions on Binance, you'll need to wait for at least 12 confirmations before your transaction is considered complete. These confirmations are like the green light for your transaction, indicating that it has been verified and added to the blockchain. So, sit back, relax, and wait for those confirmations to roll in before celebrating your successful transaction.
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• Dec 15, 2021 · 3 years ago
  When using BYDFi, a popular decentralized exchange, for your Ethereum transactions, you'll need to wait for a minimum of 12 confirmations. These confirmations ensure the security and reliability of your transaction, as they represent the number of blocks added to the Ethereum blockchain after your transaction. So, be patient and let the confirmations pile up before considering your transaction complete on BYDFi.
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