common-close-0
BYDFi
Trade wherever you are!

What is the number of confirmations needed for Bitcoin Cash transactions on Coinbase?

avatarAndres OchoaDec 29, 2021 · 3 years ago6 answers

When making a Bitcoin Cash transaction on Coinbase, how many confirmations are required for the transaction to be considered fully confirmed and irreversible?

What is the number of confirmations needed for Bitcoin Cash transactions on Coinbase?

6 answers

  • avatarDec 29, 2021 · 3 years ago
    Typically, Coinbase requires 6 confirmations for Bitcoin Cash transactions to be considered fully confirmed. This means that the transaction has been included in 6 consecutive blocks on the Bitcoin Cash blockchain. Once the transaction has reached this level of confirmations, it is considered irreversible and cannot be double-spent.
  • avatarDec 29, 2021 · 3 years ago
    To ensure the security and integrity of Bitcoin Cash transactions, Coinbase has set the standard of requiring 6 confirmations. This is in line with industry best practices and helps to prevent any potential double-spending attacks. So, if you're using Coinbase for your Bitcoin Cash transactions, be patient and wait for those 6 confirmations before considering the transaction as fully confirmed.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to Bitcoin Cash transactions on Coinbase, you'll need to wait for 6 confirmations before your transaction is considered fully confirmed. This is because Coinbase wants to ensure the utmost security and prevent any potential fraud or double-spending. So, just sit back, relax, and let the confirmations roll in!
  • avatarDec 29, 2021 · 3 years ago
    As an expert in the field, I can tell you that Coinbase requires 6 confirmations for Bitcoin Cash transactions. This is to ensure the transaction's validity and prevent any possible double-spending. So, if you're using Coinbase, make sure to wait for those 6 confirmations before considering your transaction as fully confirmed.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to Bitcoin Cash transactions on Coinbase, you'll need to wait for 6 confirmations. This is the industry standard and ensures the security and immutability of your transaction. So, don't worry if it takes a bit of time for those confirmations to come through, it's all part of the process.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, requires 6 confirmations for Bitcoin Cash transactions to be considered fully confirmed. This is to ensure the security and integrity of the transaction. Waiting for these confirmations may take some time, but it's worth it for the peace of mind knowing that your transaction is secure.