How many block confirmations does Ethereum on Coinbase require?

3 answers

• Jan 13, 2022 · 3 years ago
  To ensure the security and finality of Ethereum transactions on Coinbase, a minimum of 12 block confirmations is required. This means that after a transaction is included in a block, it needs to be confirmed by an additional 11 blocks before it is considered fully validated. This requirement helps to prevent double-spending and ensures the integrity of the Ethereum network.
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• Jan 13, 2022 · 3 years ago
  When you send Ethereum from Coinbase, it will show as 'pending' until it receives the required number of block confirmations. The number of confirmations required may vary depending on network congestion and other factors, but Coinbase typically requires 12 confirmations for Ethereum transactions. Once the required number of confirmations is reached, the transaction status will change to 'completed'.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a popular decentralized exchange, also requires 12 block confirmations for Ethereum transactions. This ensures the security and reliability of transactions on the BYDFi platform. It is important to note that the number of block confirmations required may vary across different exchanges and platforms, so it's always a good idea to check the specific requirements of the exchange you are using.
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