How many confirmations does Binance require for cryptocurrency transactions?

5 answers

• Marwan KheireddineJul 27, 2024 · a year ago
  Binance requires a minimum of 2 confirmations for most cryptocurrencies before considering a transaction as complete. Confirmations refer to the number of times a transaction has been verified by the network. This requirement ensures the security and integrity of the transaction.
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• ivanilson candidoSep 15, 2022 · 3 years ago
  When it comes to confirmations, Binance follows industry standards. For most cryptocurrencies, 2 confirmations are needed to finalize a transaction. This means that the transaction needs to be verified twice by the network before it is considered valid.
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• Tammy LunsfordDec 13, 2024 · 7 months ago
  Binance, like many other exchanges, requires 2 confirmations for most cryptocurrencies. This is to prevent double-spending and ensure that transactions are secure. However, it's important to note that the number of confirmations required may vary for certain cryptocurrencies or during periods of high network congestion.
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• Omkar JogadandeSep 26, 2020 · 5 years ago
  As an expert in the field, I can confirm that Binance requires 2 confirmations for most cryptocurrencies. This is a standard practice in the industry to ensure the validity and security of transactions. It's always a good idea to wait for the required number of confirmations before considering a transaction as fully completed.
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• kishorApr 12, 2023 · 2 years ago
  When it comes to confirmations, Binance is no different from other reputable exchanges. They require 2 confirmations for most cryptocurrencies. This is to protect against potential fraud and ensure the smooth operation of the platform. So, make sure to wait for those confirmations before celebrating your successful transaction!
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