What is the number of confirmations needed for NEO transactions on Binance?
j with a green backroundDec 24, 2021 · 3 years ago3 answers
Could you please provide information on the number of confirmations required for NEO transactions on Binance? How many confirmations does Binance require for NEO transactions to be considered final and secure?
3 answers
- Dec 24, 2021 · 3 years agoWhen it comes to NEO transactions on Binance, the number of confirmations required is typically 15. This means that after a NEO transaction is broadcasted to the network, it needs to be confirmed by 15 blocks before it is considered final and secure. This confirmation process helps ensure the integrity and immutability of the transaction.
- Dec 24, 2021 · 3 years agoFor NEO transactions on Binance, you'll need to wait for around 15 confirmations. These confirmations are necessary to validate the transaction and ensure its security. Keep in mind that the number of confirmations required may vary depending on network conditions and other factors.
- Dec 24, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the number of confirmations needed for NEO transactions on Binance is 15. This means that after a transaction is initiated, it must be confirmed by 15 blocks before it is considered final and secure. This confirmation process helps prevent double-spending and ensures the integrity of the transaction.
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