How many confirmations are required for ETH deposits on KuCoin?
pritam bendeDec 29, 2021 · 3 years ago7 answers
What is the minimum number of confirmations needed for Ethereum (ETH) deposits to be credited on KuCoin?
7 answers
- Dec 29, 2021 · 3 years agoTypically, KuCoin requires 12 confirmations for ETH deposits to be credited. This means that the Ethereum network needs to validate the transaction 12 times before it is considered confirmed and the funds are available for trading. The confirmation process usually takes around 3 minutes per confirmation, so it may take around 36 minutes for the deposit to be fully credited.
- Dec 29, 2021 · 3 years agoTo ensure the security and integrity of transactions, KuCoin has set the requirement of 12 confirmations for ETH deposits. This is to prevent any potential double-spending or fraudulent activities. Although it may take some time for the confirmations to be completed, it guarantees the safety of your funds.
- Dec 29, 2021 · 3 years agoAccording to BYDFi, a popular digital currency exchange, KuCoin requires 12 confirmations for ETH deposits. This is a standard practice in the industry to ensure the security of transactions. The confirmations help prevent any potential risks and ensure that the funds are properly credited to your account.
- Dec 29, 2021 · 3 years agoHey there! So, when it comes to ETH deposits on KuCoin, you'll need to wait for 12 confirmations. It might sound like a lot, but it's actually a security measure to protect your funds. Each confirmation takes around 3 minutes, so you can expect your deposit to be fully credited in about 36 minutes. Just sit back, relax, and let the Ethereum network do its thing!
- Dec 29, 2021 · 3 years agoGood news! KuCoin only requires 12 confirmations for ETH deposits. This is a relatively low number compared to some other exchanges, which can require up to 30 confirmations. So, you can expect your ETH deposit to be credited fairly quickly on KuCoin.
- Dec 29, 2021 · 3 years agoThe number of confirmations required for ETH deposits on KuCoin is 12. This is a standard requirement in the industry and helps ensure the security and reliability of transactions. Once your deposit has received 12 confirmations, the funds will be credited to your account and you can start trading.
- Dec 29, 2021 · 3 years agoKuCoin has set the requirement of 12 confirmations for ETH deposits. This is to ensure the safety and integrity of transactions. The confirmations help validate the transaction and prevent any potential risks. Once the required number of confirmations is reached, your ETH deposit will be credited on KuCoin.
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