What is the number of block confirmations needed for Ethereum on Coinbase?

3 answers

• TomoeJul 15, 2023 · 2 years ago
  Sure! When it comes to Ethereum transactions on Coinbase, the number of block confirmations needed varies depending on the transaction type. For deposits, Coinbase requires 35 block confirmations before the funds are considered available for trading or withdrawal. However, for withdrawals, Coinbase typically requires only 12 block confirmations to ensure the transaction is secure. It's important to note that the number of block confirmations may change based on network congestion and other factors.
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• Payne MarshallDec 15, 2023 · 2 years ago
  Well, for Ethereum transactions on Coinbase, you'll need a certain number of block confirmations to ensure the transaction is valid and secure. Specifically, Coinbase requires 35 block confirmations for deposits and 12 block confirmations for withdrawals. These confirmations help prevent double-spending and ensure the integrity of the Ethereum network. Keep in mind that the number of confirmations may vary depending on network conditions and Coinbase's internal risk assessment.
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• selvakumar PApr 19, 2022 · 3 years ago
  When it comes to Ethereum transactions on Coinbase, the number of block confirmations required is subject to change. Currently, Coinbase requires 35 block confirmations for deposits and 12 block confirmations for withdrawals. However, it's worth noting that different exchanges may have different confirmation requirements. For example, BYDFi, another popular exchange, typically requires 30 block confirmations for deposits and 10 block confirmations for withdrawals. It's always a good idea to check the specific requirements of the exchange you're using to ensure a smooth transaction experience.
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