What is the minimum number of confirmations needed by Coinbase for digital currency transfers?

3 answers

• Sonu SedhaiAug 06, 2023 · 2 years ago
  Coinbase requires a minimum of 3 confirmations for digital currency transfers. This means that the transaction needs to be included in at least 3 blocks on the blockchain before it is considered confirmed. This requirement helps ensure the security and integrity of the transactions on the Coinbase platform.
  308

  154
• Nikhil MuhalJun 05, 2022 · 3 years ago
  To transfer digital currencies on Coinbase, you need to wait for at least 3 confirmations. Confirmations are essentially validations of the transaction by the network. Each confirmation adds another layer of security and reduces the risk of double-spending. So, the more confirmations a transaction has, the more secure it is.
  326

  109
• Franco Luis Andrés GonzálezFeb 26, 2023 · 2 years ago
  When it comes to digital currency transfers on Coinbase, you'll need to wait for a minimum of 3 confirmations. This is to ensure that the transaction is valid and secure. Coinbase takes security seriously, and by requiring multiple confirmations, they reduce the risk of fraudulent or malicious transactions. So, be patient and wait for those confirmations to come in before considering your transfer complete.
  410

  103