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How much time does it typically take for 35 network confirmations on Coinbase for cryptocurrency transfers?

avatarMarmikDec 18, 2021 · 3 years ago3 answers

When transferring cryptocurrency on Coinbase, it usually takes some time for the transaction to be confirmed by the network. How long does it typically take for 35 network confirmations to be completed on Coinbase?

How much time does it typically take for 35 network confirmations on Coinbase for cryptocurrency transfers?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    The time it takes for 35 network confirmations on Coinbase can vary depending on the cryptocurrency being transferred. Generally, it can take anywhere from a few minutes to several hours. This is because each cryptocurrency has its own block time, which is the time it takes for a new block to be added to the blockchain. The more confirmations required, the longer it will take for the transaction to be considered fully confirmed. It's always a good idea to check the specific block time and confirmation requirements for the cryptocurrency you are transferring on Coinbase.
  • avatarDec 18, 2021 · 3 years ago
    Typically, it takes around 10 minutes for each network confirmation on Coinbase. So, for 35 network confirmations, it would take approximately 350 minutes or about 5.8 hours. However, please note that this is just an estimate and the actual time may vary depending on network congestion and other factors. It's always a good idea to monitor the transaction status on Coinbase to get the most accurate information about the progress of your transfer.
  • avatarDec 18, 2021 · 3 years ago
    When transferring cryptocurrency on Coinbase, the time it takes for 35 network confirmations can vary. In general, it can take anywhere from 30 minutes to a few hours. However, please keep in mind that this is just an estimate and the actual time may be shorter or longer depending on network conditions and the specific cryptocurrency being transferred. It's always a good idea to check the Coinbase website or contact their support for the most up-to-date information on transaction confirmations.