How long does it take for Ethereum confirmations on Coinbase?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! When you make a transaction on Coinbase using Ethereum, it typically takes around 15 seconds for the first confirmation to appear. However, it's important to note that the number of confirmations required for a transaction to be considered fully confirmed can vary. In general, it's recommended to wait for at least 12 confirmations, which usually takes around 3 minutes. This ensures a higher level of security and reduces the risk of double-spending.
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• Dec 17, 2021 · 3 years ago
  Well, when you send Ethereum from Coinbase to another wallet or exchange, it goes through a process called confirmation. Confirmations are basically validations of the transaction by the Ethereum network. Each confirmation represents a block being added to the blockchain. The more confirmations a transaction has, the more secure and irreversible it becomes. So, the time it takes for Ethereum confirmations on Coinbase depends on the network congestion and the number of confirmations required by the recipient. It can range from a few minutes to several hours in extreme cases.
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• Dec 17, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the time it takes for Ethereum confirmations on Coinbase can vary. It depends on a few factors such as network congestion and the gas price you set for the transaction. Coinbase usually requires a minimum of 12 confirmations for Ethereum transactions to be considered fully confirmed. This can take anywhere from a few minutes to around 30 minutes, depending on the network conditions. If you're in a hurry, you can try increasing the gas price to prioritize your transaction and potentially reduce the confirmation time. However, keep in mind that higher gas prices mean higher transaction fees.
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