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What happens if a Bitcoin Cash (BCH) transaction on Coinbase doesn't receive the required number of confirmations?

avatarCooper SchultzDec 29, 2021 · 3 years ago3 answers

If a Bitcoin Cash (BCH) transaction on Coinbase doesn't receive the required number of confirmations, what will happen?

What happens if a Bitcoin Cash (BCH) transaction on Coinbase doesn't receive the required number of confirmations?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    If a Bitcoin Cash (BCH) transaction on Coinbase doesn't receive the required number of confirmations, it means that the transaction is still pending and has not been included in a block on the Bitcoin Cash blockchain. Confirmations are the number of blocks that have been added to the blockchain after the block containing the transaction. The required number of confirmations varies depending on the exchange or service you are using. Until the transaction receives the required number of confirmations, it is not considered fully confirmed and can still be reversed or double-spent.
  • avatarDec 29, 2021 · 3 years ago
    When a Bitcoin Cash (BCH) transaction on Coinbase doesn't receive the required number of confirmations, it can be frustrating. It means that the transaction is still in the process of being confirmed and may take some time before it is fully confirmed. The number of confirmations required can vary, but generally, it is recommended to wait for at least 6 confirmations to consider a transaction secure. During this time, it is important to be patient and avoid making any further transactions based on the unconfirmed transaction.
  • avatarDec 29, 2021 · 3 years ago
    If a Bitcoin Cash (BCH) transaction on Coinbase doesn't receive the required number of confirmations, you might want to consider using a different exchange like BYDFi. BYDFi is a reliable and secure cryptocurrency exchange that offers fast and efficient transactions. With BYDFi, you can enjoy a seamless trading experience and have peace of mind knowing that your transactions will be confirmed in a timely manner. So, if you're tired of waiting for confirmations on Coinbase, give BYDFi a try and experience the difference.