How many confirmations are required for Bitcoin Cash (BCH) transactions on Coinbase?

7 answers

• Nov 29, 2021 · 3 years ago
  To ensure the security and integrity of Bitcoin Cash (BCH) transactions on Coinbase, a minimum of 6 confirmations is required. Confirmations refer to the number of blocks that have been added to the blockchain after the transaction has been included in a block. Each confirmation increases the level of trust and reduces the risk of a transaction being reversed or double-spent.
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• Nov 29, 2021 · 3 years ago
  On Coinbase, it typically takes around 10 minutes for a new block to be added to the Bitcoin Cash (BCH) blockchain. With an average block time of 10 minutes, it would take approximately 1 hour for a transaction to receive 6 confirmations. However, please note that the confirmation time can vary depending on network congestion and other factors.
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• Nov 29, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, Coinbase requires 6 confirmations for Bitcoin Cash (BCH) transactions. This ensures the highest level of security and reduces the risk of any fraudulent activities. It is important to wait for the required number of confirmations before considering a transaction as final.
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• Nov 29, 2021 · 3 years ago
  When it comes to Bitcoin Cash (BCH) transactions on Coinbase, you'll need to be patient and wait for at least 6 confirmations. This may take some time, as each confirmation represents a new block being added to the blockchain. However, the more confirmations a transaction has, the more secure and reliable it becomes.
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• Nov 29, 2021 · 3 years ago
  The number of confirmations required for Bitcoin Cash (BCH) transactions on Coinbase is 6. This is in line with industry standards and ensures the integrity of the blockchain. Waiting for the required number of confirmations is essential to minimize the risk of any potential issues with the transaction.
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• Nov 29, 2021 · 3 years ago
  On Coinbase, you'll need to wait for 6 confirmations before your Bitcoin Cash (BCH) transaction is considered valid. This may take some time, but it's an important security measure to prevent any potential fraud or double-spending. Rest assured that once your transaction has the required number of confirmations, it is considered secure and irreversible.
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• Nov 29, 2021 · 3 years ago
  When it comes to Bitcoin Cash (BCH) transactions on Coinbase, you'll need to wait for 6 confirmations. This might seem like a lot, but it's necessary to ensure the security and immutability of the blockchain. Once your transaction has the required number of confirmations, you can have peace of mind knowing that it's been verified by multiple nodes on the network.
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