What is the average number of confirmations needed for a Bitcoin Cash transfer from Coinbase?

3 answers

• Jan 08, 2022 · 3 years ago
  When it comes to Bitcoin Cash transfers from Coinbase, the average number of confirmations needed for a transaction to be considered secure is typically around 6 confirmations. This means that the transaction has been included in 6 blocks on the Bitcoin Cash blockchain, which adds a significant level of security and makes it highly unlikely for the transaction to be reversed. The time it takes for these confirmations to occur can vary depending on network congestion and other factors, but on average, it can take around 1 hour.
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• Jan 08, 2022 · 3 years ago
  Ah, the average number of confirmations required for a Bitcoin Cash transfer from Coinbase! Well, let me tell you, it's usually about 6 confirmations. These confirmations are like the seal of approval for your transaction, making it more secure and less likely to be reversed. It's like waiting for your favorite pizza to be cooked to perfection before you can enjoy it. So, sit back, relax, and let those confirmations roll in!
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• Jan 08, 2022 · 3 years ago
  When it comes to Bitcoin Cash transfers from Coinbase, the average number of confirmations needed for a transaction to be considered secure is typically around 6 confirmations. This ensures that the transaction has been validated by multiple nodes on the network and is highly unlikely to be reversed. However, it's important to note that the actual number of confirmations required may vary depending on the specific exchange or wallet you're using. For example, at BYDFi, they recommend waiting for at least 6 confirmations before considering a Bitcoin Cash transfer as fully secure.
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