common-close-0
BYDFi
Trade wherever you are!

How many confirmations does Kucoin require for cryptocurrency transactions?

avatarMuhammad Ali SindhuDec 26, 2021 · 3 years ago3 answers

What is the number of confirmations required by Kucoin for cryptocurrency transactions?

How many confirmations does Kucoin require for cryptocurrency transactions?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Kucoin requires 12 confirmations for cryptocurrency transactions. This means that after a transaction is initiated, it needs to be confirmed by the network 12 times before it is considered valid and irreversible. This confirmation process helps ensure the security and integrity of the transactions on the Kucoin platform.
  • avatarDec 26, 2021 · 3 years ago
    To ensure the safety and reliability of cryptocurrency transactions, Kucoin has set the requirement of 12 confirmations. This means that the transaction needs to be verified by the network 12 times before it is considered final. This process helps prevent double spending and other fraudulent activities.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to cryptocurrency transactions on Kucoin, you'll need to wait for 12 confirmations. This might seem like a lot, but it's actually a security measure to protect your funds. Each confirmation represents a block added to the blockchain, making it increasingly difficult for any malicious activity to alter the transaction.