Why does a transfer need to wait for several confirmations?
After Ethereum switched to proof of stake, blocks generally reach “finalized” status after two epochs (about 12.8 minutes).
Exchanges set the number of confirmations required for deposits based on the network. Your deposit will be credited to your account only after the requirements are met; until then, it is usually marked as processing.
The most important thing to keep in mind when managing your funds: if a deposit hasn’t arrived, try checking the number of confirmations on a block explorer using the transaction hash.
$BTC 77470.01（-5.29%）
#BTC
After Ethereum switched to proof of stake, blocks generally reach “finalized” status after two epochs (about 12.8 minutes).
Exchanges set the number of confirmations required for deposits based on the network. Your deposit will be credited to your account only after the requirements are met; until then, it is usually marked as processing.
The most important thing to keep in mind when managing your funds: if a deposit hasn’t arrived, try checking the number of confirmations on a block explorer using the transaction hash.
$BTC 77470.01（-5.29%）
#BTC
