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What is the number of confirmations needed for NEO transactions on Binance?

avatarIgor TodorovicDec 17, 2021 · 3 years ago3 answers

Could you please provide information on the number of confirmations required for NEO transactions on Binance? How many confirmations does Binance require for NEO transactions to be considered final and secure?

What is the number of confirmations needed for NEO transactions on Binance?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    When it comes to NEO transactions on Binance, the number of confirmations required is typically 15. This means that after a NEO transaction is broadcasted to the network, it needs to be confirmed by 15 blocks before it is considered final and secure. This confirmation process helps ensure the integrity and immutability of the transaction.
  • avatarDec 17, 2021 · 3 years ago
    For NEO transactions on Binance, you'll need to wait for around 15 confirmations. These confirmations are necessary to validate the transaction and ensure its security. Keep in mind that the number of confirmations required may vary depending on network conditions and other factors.
  • avatarDec 17, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, the number of confirmations needed for NEO transactions on Binance is 15. This means that after a transaction is initiated, it must be confirmed by 15 blocks before it is considered final and secure. This confirmation process helps prevent double-spending and ensures the integrity of the transaction.