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How many confirmations does Coinbase require for a transaction to be completed?

avatarRojas EdmondsonDec 25, 2021 · 3 years ago3 answers

When using Coinbase, how many confirmations are needed for a transaction to be considered completed?

How many confirmations does Coinbase require for a transaction to be completed?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Coinbase 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.
  • avatarDec 25, 2021 · 3 years ago
    In 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.
  • avatarDec 25, 2021 · 3 years ago
    When 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.