What is the typical number of confirmations needed for Bitcoin Cash (BCH) transactions on Coinbase?

3 answers

• Apr 30, 2022 · 3 years ago
  Typically, Coinbase requires 6 confirmations for Bitcoin Cash (BCH) transactions to be considered secure. This means that after a transaction is broadcasted to the Bitcoin Cash network, it needs to be included in 6 blocks before it is considered finalized. The reason for this is to ensure that the transaction is valid and cannot be easily reversed or double-spent. Once a transaction has reached 6 confirmations, it is highly unlikely to be reversed.
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• Apr 30, 2022 · 3 years ago
  When it comes to Bitcoin Cash (BCH) transactions on Coinbase, the typical number of confirmations required is 6. This means that the transaction needs to be included in 6 blocks on the Bitcoin Cash network before it is considered fully confirmed. This requirement helps to ensure the security and integrity of the transaction, making it difficult for anyone to manipulate or reverse the transaction once it has reached the required number of confirmations.
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• Apr 30, 2022 · 3 years ago
  For Bitcoin Cash (BCH) transactions on Coinbase, it is generally recommended to wait for 6 confirmations before considering the transaction as fully confirmed. This is because each confirmation represents a new block added to the blockchain, which increases the security and immutability of the transaction. By waiting for 6 confirmations, you can have a high level of confidence that the transaction is valid and will not be reversed.
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