Someone asked: Why does a transfer need to wait for several confirmations?
My answer: Exchanges generally set the number of confirmations required for deposits based on each network. Funds are credited to your account once that requirement is met; until then, they’re usually shown as pending confirmation. Different blockchains have different block times and consensus mechanisms, so there’s no universal answer to how many confirmations are considered safe.
$BTC 80404.01（+2.74%）
If anything is unclear, leave a question in the comments.
My answer: Exchanges generally set the number of confirmations required for deposits based on each network. Funds are credited to your account once that requirement is met; until then, they’re usually shown as pending confirmation. Different blockchains have different block times and consensus mechanisms, so there’s no universal answer to how many confirmations are considered safe.
$BTC 80404.01（+2.74%）
If anything is unclear, leave a question in the comments.
