Is there a standard waiting period for a network confirmation on Coinbase?
Pranali PadalkarDec 16, 2021 · 3 years ago3 answers
I'm new to Coinbase and I'm wondering if there is a standard waiting period for a network confirmation when making transactions on the platform. Can someone please explain how long it usually takes for a network confirmation on Coinbase?
3 answers
- Dec 16, 2021 · 3 years agoWhen it comes to network confirmations on Coinbase, the waiting period can vary depending on the cryptocurrency you are dealing with. Generally, for popular cryptocurrencies like Bitcoin and Ethereum, it takes about 10-30 minutes for a network confirmation. However, during times of high network congestion, it can take longer. It's important to note that Coinbase requires a certain number of network confirmations before considering a transaction as fully confirmed and irreversible.
- Dec 16, 2021 · 3 years agoHey there! So, the waiting period for a network confirmation on Coinbase is not set in stone. It depends on the cryptocurrency you're dealing with and the current network conditions. Usually, it takes around 10-30 minutes for a confirmation, but it can take longer during busy periods. Just be patient and keep an eye on your transaction status.
- Dec 16, 2021 · 3 years agoWell, as a representative from BYDFi, I can tell you that Coinbase follows industry standards when it comes to network confirmations. The waiting period can vary depending on the cryptocurrency and network conditions. It's always a good idea to check the Coinbase website or their support documentation for the most up-to-date information on waiting periods for network confirmations.
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