Confirm transaction
Confirmation of a cryptocurrency transaction. This is a process involving miners, senders, and recipients, which involves adding the transaction to a new block and confirming its validity. The purpose of this verification is to protect users from double-spending and attempts to modify the system's source code.
How long does it take for a blockchain network to confirm a transaction? The confirmation time depends on factors such as the network's load, the amount of fees included in the transaction, the network's speed, and more.
On average, it takes between 1 minute and several hours for a transaction to be confirmed. In rare cases of very high network load, confirmation may take up to 24 hours.
Confirmation of funds transfer is possible after a certain number of network confirmations (depending on the type of cryptocurrency being transferred).
Number of confirmations:
20 TRC-20
6 BTC
13 XMR,
6 BCH,
3 DASH,
2 LTC
2 DOGE
2 ETH
2 MATIC
1 SOLANA
1 ARBITRUM
1 BNB
1 AVAX
