How many confirmations does Coinbase require for a transaction to be completed?
Nivriti JainDec 16, 2021 · 3 years ago3 answers
When using Coinbase, how many confirmations are needed for a transaction to be considered completed?
3 answers
- Dec 16, 2021 · 3 years agoCoinbase typically requires 3 confirmations for a transaction to be considered completed. Confirmations are the number of times a transaction has been verified by the network. This process helps ensure the security and integrity of the transaction.
- Dec 16, 2021 · 3 years agoIn most cases, Coinbase requires 3 confirmations before considering a transaction complete. This is to ensure that the transaction is valid and cannot be reversed. Confirmations are essentially the number of times the transaction has been included in a block in the blockchain.
- Dec 16, 2021 · 3 years agoWhen using Coinbase, it usually takes 3 confirmations for a transaction to be fully completed. This means that the transaction has been verified by the network multiple times, adding an extra layer of security. Keep in mind that the number of confirmations required may vary depending on the cryptocurrency and network congestion.
Related Tags
Hot Questions
- 91
How does cryptocurrency affect my tax return?
- 87
What are the best digital currencies to invest in right now?
- 80
How can I buy Bitcoin with a credit card?
- 61
What is the future of blockchain technology?
- 60
How can I protect my digital assets from hackers?
- 56
What are the advantages of using cryptocurrency for online transactions?
- 50
How can I minimize my tax liability when dealing with cryptocurrencies?
- 37
Are there any special tax rules for crypto investors?