To prevent double-spending in cryptocurrency transactions, confirmation is necessary. Once the sender initiates the transfer, the transaction is sent to the network for processing and inclusion in a block. This process, when the transaction is added to a block, is called its confirmation. Each block contains one confirmation, and as soon as your transaction receives at least one confirmation, the funds become available for use.
How long does transaction confirmation take?
The confirmation time depends on various factors, such as network congestion, the transaction fee specified during the transfer, internet connection quality, and more. In most cases, transactions are confirmed within 30 minutes to several hours. However, under high network load, the wait time can extend to several days — from 2 to 14.
The more confirmations a transaction receives, the more secure it is considered. The required number of confirmations depends on the cryptocurrency you are working with. Funds withdrawal will only be possible after receiving the necessary number of confirmations, which varies depending on the specific cryptocurrency.
Required number of confirmations depending on the currency:
| Ticker | Confirmations |
|---|---|
| XRP, XLM, USDC (XLM), AVAX (XCHAIN), SUI | 1 |
| BTC | 2 |
| USDT (OMNI), NEAR | 3 |
| TON, DOGS, NOT | 10 |
| LTC | 6 |
| XMR, BCH, DASH, XEM, NEO | 10 |
| USDT (ARBITRUM) | 12 |
| DOGE | 15 |
| USDT (TRC20), TRX, BTT, WBT (TRON), WBT (TRC20) | 20 |
| ZEC | 22 |
| ZEN | 25 |
| USDT (AVALANCHE C-CHAIN) | 30 |
| 1INCH (ERC20), AAVE, APE, BAT, DAI (ERC20), ETH, EURT, FLOKI (ERC20), FET (ERC20), CRV (ERC20), LINA, LINK, MANA, MATIC (ERC20), MKR, OMG, SHIB, SUSHI (ERC20), XAUT (ERC20), EURT (ERC20), TENET (ERC20), TUSD (ERC20), UNI, USDC (ERC20), USDT (ERC20), WBT (ERC20), WOJAK (ERC20), YFI, ZRX, PAX DOLLAR (ERC20), PEPE (ERC20) | 32 |
| PIVX, HLO, XTZ | 35 |
| USDT (BEP20), BTC (BEP20), SUSHI (BEP20), ADA, ETH (BEP20), AVALANCHE (BEP20), BASIC ATTENTION TOKEN (BEP20), BITCOIN CASH (BEP20), CARDANO (BEP20), COSMOS (BEP20), CAKE (BEP20), BNB (BEP20), DECENTRALAND (BEP20), DOGECOIN (BEP20), EOS (BEP20), ETHEREUM CLASSIC (BEP20), LITECOIN (BEP20), NEAR PROTOCOL (BEP20), POLKADOT (BEP20), POLYGON (BEP20), RIPPLE (BEP20), SHIBA INU (BEP20), SOLANA (BEP20), TRON (BEP20), UNISWAP (BEP20), VECHAIN (BEP20), BINANCE COIN (BEP2), BINANCE COIN (BEP20), BITCOIN (BEP20), BUSD (BEP20), BUSD (ERC20), CHAINLINK (BEP20), DAI (BEP20), TETHER (BEP20), TRUEUSD (BEP20), USD COIN (BEP20) | 40 |
| DOT, KSM, AR | 50 |
| QTUM | 60 |
| WBT | 65 |
| ATOM | 70 |
| WAVES, ONT | 90 |
| RVN | 100 |
| USDT (OPTIMISM) | 150 |
| VET | 210 |
| ETC | 300 |
| LUNA, UST | 315 |
| EOS | 330 |
| ALGO, IOTX | 400 |
| SOL, MATIC (POLYGON), USD COIN (SOL), USDT (SOL), TETHER (POLYGON) | 500 |
| ETH (ARBITRUM), ARB | 600 |
| ICX | 870 |
| AVAX | 970 |
| FTM | 1000 |
| OP, ETH (OPTIMISM) | 1400 |
| ETHW | 2000 |
| APT | 5000 |
