How does Coinbase handle confirmations for Ethereum transactions?

3 answers

• Naveen Raj143Dec 12, 2023 · 2 years ago
  Sure! When you make an Ethereum transaction on Coinbase, the platform waits for a certain number of confirmations before considering the transaction as final. This helps ensure the transaction is valid and secure. The number of confirmations required may vary depending on network congestion and other factors. Generally, it takes around 12 confirmations for Coinbase to consider an Ethereum transaction as confirmed. This process usually takes a few minutes to a few hours, depending on the network conditions.
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• saiprasadJun 29, 2020 · 5 years ago
  Coinbase handles confirmations for Ethereum transactions by waiting for a specific number of confirmations on the Ethereum network. This is to ensure that the transaction is valid and cannot be reversed. The number of confirmations required may vary depending on the network congestion and other factors. Once the required number of confirmations is reached, Coinbase considers the transaction as confirmed and it becomes irreversible. This process usually takes a few minutes to a few hours, depending on the network conditions.
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• Gerardo QuintanaJul 08, 2022 · 3 years ago
  When it comes to Ethereum transactions, Coinbase follows a standard process for handling confirmations. After you initiate a transaction, Coinbase waits for a certain number of confirmations on the Ethereum network before considering it as confirmed. This helps ensure the transaction is valid and secure. The number of confirmations required may vary depending on network congestion and other factors. Once the required number of confirmations is reached, Coinbase finalizes the transaction and it becomes irreversible. The time it takes for confirmations can vary, but it usually ranges from a few minutes to a few hours.
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