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How many blocks need to be confirmed for Ethereum transactions on KuCoin?

avatarNicole CutaranDec 27, 2021 · 3 years ago3 answers

I'm new to KuCoin and I want to know how many blocks need to be confirmed for Ethereum transactions on the platform. Can you provide some insights on this?

How many blocks need to be confirmed for Ethereum transactions on KuCoin?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to Ethereum transactions on KuCoin, the number of blocks that need to be confirmed depends on the network congestion and the gas price you set for your transaction. Generally, it is recommended to wait for at least 12 confirmations before considering a transaction as fully confirmed. This ensures a higher level of security and reduces the risk of double-spending.
  • avatarDec 27, 2021 · 3 years ago
    Hey there! So, for Ethereum transactions on KuCoin, you'll need to wait for a certain number of blocks to be confirmed. The exact number can vary depending on the network conditions, but it's generally recommended to wait for around 12 confirmations. This might take some time, especially during periods of high network congestion. Just be patient and keep an eye on your transaction status.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to Ethereum transactions on KuCoin, it is recommended to wait for around 12 confirmations. This ensures that your transaction is securely recorded on the Ethereum blockchain and reduces the risk of any potential issues. Remember, it's always better to be safe than sorry when dealing with cryptocurrencies. If you have any further questions, feel free to reach out to the support team at BYDFi, they'll be happy to assist you.