How many confirmations does Kucoin require for cryptocurrency transactions?

3 answers

• James MerrymanOct 07, 2020 · 5 years ago
  Kucoin requires 12 confirmations for cryptocurrency transactions. This means that after a transaction is initiated, it needs to be confirmed by the network 12 times before it is considered valid and irreversible. This confirmation process helps ensure the security and integrity of the transactions on the Kucoin platform.
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• TizzleOzOct 27, 2024 · 9 months ago
  To ensure the safety and reliability of cryptocurrency transactions, Kucoin has set the requirement of 12 confirmations. This means that the transaction needs to be verified by the network 12 times before it is considered final. This process helps prevent double spending and other fraudulent activities.
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• Munk HooverMar 21, 2021 · 4 years ago
  When it comes to cryptocurrency transactions on Kucoin, you'll need to wait for 12 confirmations. This might seem like a lot, but it's actually a security measure to protect your funds. Each confirmation represents a block added to the blockchain, making it increasingly difficult for any malicious activity to alter the transaction.
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