🐋 Beyond reading the charts, you should also understand these basics: block confirmations
Exchanges generally set the number of confirmations required for deposits based on the network. Funds are credited to your account only after the requirement is met; before then, they’re usually marked as processing.
Different blockchains have different block times and consensus mechanisms, so there’s no definitive answer to “how many confirmations are safe?”
Coin mentioned in the article: $BTC Current price: 71370.16 (24h -3.55%).
Don’t follow others just because everyone else is doing it.
#BTC
Exchanges generally set the number of confirmations required for deposits based on the network. Funds are credited to your account only after the requirement is met; before then, they’re usually marked as processing.
Different blockchains have different block times and consensus mechanisms, so there’s no definitive answer to “how many confirmations are safe?”
Coin mentioned in the article: $BTC Current price: 71370.16 (24h -3.55%).
Don’t follow others just because everyone else is doing it.
#BTC