All cryptocurrency transactions require a certain number of confirmations on the blockchain before they are considered fully processed and irreversible. Confirmations are a security measure that ensures the transaction has been verified by the network and reduces the likelihood of fraudulent or double-spent transactions.
For example, Bitcoin (BTC) transactions generally need 7 confirmations to be deemed secure. The time required to achieve these confirmations can vary, typically ranging from a few minutes to up to 6 hours, depending on the current congestion of the Bitcoin network. During periods of high transaction volume, delays may occur, extending the confirmation time.
If you have any questions or concerns about the confirmation process or need assistance, don’t hesitate to contact our support team.