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How long does it usually take for 35 network confirmations on Coinbase for a cryptocurrency transaction?

avatarCipDec 18, 2021 · 3 years ago3 answers

Can you provide more information on the average time it takes for a cryptocurrency transaction to receive 35 network confirmations on Coinbase?

How long does it usually take for 35 network confirmations on Coinbase for a cryptocurrency transaction?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    On average, it takes approximately 1 hour for a cryptocurrency transaction to receive 35 network confirmations on Coinbase. However, the actual time may vary depending on the network congestion and the specific cryptocurrency being used. It's important to note that Coinbase requires a certain number of confirmations to ensure the security and validity of the transaction.
  • avatarDec 18, 2021 · 3 years ago
    Typically, it takes around 1 hour for a cryptocurrency transaction to reach 35 network confirmations on Coinbase. However, please keep in mind that this timeframe can be influenced by various factors such as network congestion and the specific blockchain network being used. It's always a good idea to monitor the transaction status on Coinbase to get the most accurate information regarding confirmations.
  • avatarDec 18, 2021 · 3 years ago
    Based on my experience with BYDFi, a cryptocurrency transaction usually takes around 1 hour to receive 35 network confirmations on Coinbase. However, please note that this timeframe can vary depending on the network congestion and the specific cryptocurrency being used. It's always a good practice to check the transaction status on Coinbase for the most up-to-date information.