How many confirmations does Binance require for a successful transaction?

3 answers

• Mar 07, 2022 · 3 years ago
  To ensure the security and reliability of transactions, Binance requires a minimum of 2 confirmations for most cryptocurrencies. This means that after a transaction is broadcasted to the network, it needs to be confirmed by at least 2 blocks before it is considered successful. The confirmation process helps prevent double-spending and ensures that the transaction is irreversible. It usually takes a few minutes for the required number of confirmations to be reached.
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• Mar 07, 2022 · 3 years ago
  When it comes to confirmations, Binance has set the bar at 2. This means that your transaction needs to be confirmed by at least 2 blocks in the blockchain before it is considered successful. This requirement helps protect against potential fraud and ensures the integrity of the transaction. Keep in mind that the time it takes for confirmations to be completed can vary depending on network congestion and other factors.
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• Mar 07, 2022 · 3 years ago
  For a successful transaction on Binance, you'll need to wait for at least 2 confirmations. This means that your transaction needs to be included in at least 2 blocks in the blockchain before it is considered final. The confirmation process helps ensure the security and immutability of the transaction. It usually takes a few minutes for the required number of confirmations to be reached, but it can vary depending on the network conditions and the cryptocurrency you're using.
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