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You should only trust verified Coinbase staff. How long does it take for KCC to transfer Usdt? How many confirmations For a Dogecoin transaction, It should be received after 60 confirmations. Best. First, lets understand what Ethereum is. It allows any crypto-currency holder to create more or less complex vesting clauses according to their need and have them executed over the desired duration and this in a completely decentralized way. Can someone please correct me if I am wrong? NOTE: For all ERC-20 tokens, deposits are ONLY supported using the ERC-20 network. : 35.031 BNB. The code of the smart contracts is distributed in the blockchain. Then, once that is set up, when you pick USD there will be a third option for bank account deposit. It's because ETH gas fees are so high right now. When you initiate a transaction, we broadcast it to the rest of the network so it can be confirmed. UNI 25 confirmations. As such, this is one of the most ambitious projects in the crypto sphere. Learn about transaction confirmations. See the full list of countries that Coinbase supports for crypto-to-crypto trading. Digital currency comes to Visa's settlement platform | Visa This may result in a longer confirmation time and, hence, the funds transfer might be delayed. For an Ethereum transaction, It should be received after 35 confirmations. Exchange rate: 1 BNB = 285.4655 USDT. Reset request successfully sent. ._1aTW4bdYQHgSZJe7BF2-XV{display:-ms-grid;display:grid;-ms-grid-columns:auto auto 42px;grid-template-columns:auto auto 42px;column-gap:12px}._3b9utyKN3e_kzVZ5ngPqAu,._21RLQh5PvUhC6vOKoFeHUP{font-size:16px;font-weight:500;line-height:20px}._21RLQh5PvUhC6vOKoFeHUP:before{content:"";margin-right:4px;color:#46d160}._22W-auD0n8kTKDVe0vWuyK,._244EzVTQLL3kMNnB03VmxK{display:inline-block;word-break:break-word}._22W-auD0n8kTKDVe0vWuyK{font-weight:500}._22W-auD0n8kTKDVe0vWuyK,._244EzVTQLL3kMNnB03VmxK{font-size:12px;line-height:16px}._244EzVTQLL3kMNnB03VmxK{font-weight:400;color:var(--newCommunityTheme-metaText)}._2xkErp6B3LSS13jtzdNJzO{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-top:13px;margin-bottom:2px}._2xkErp6B3LSS13jtzdNJzO ._22W-auD0n8kTKDVe0vWuyK{font-size:12px;font-weight:400;line-height:16px;margin-right:4px;margin-left:4px;color:var(--newCommunityTheme-actionIcon)}._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y{border-radius:4px;box-sizing:border-box;height:21px;width:21px}._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y:nth-child(2),._2xkErp6B3LSS13jtzdNJzO .je4sRPuSI6UPjZt_xGz8y:nth-child(3){margin-left:-9px} Anyone who doesn't understand these things is a massive sucker (no offense, but that is what you are). Ha, good to know. This is my first time depositing money into my account, so I'm not sure what to select when the dialog box appears. Whats the average ETH confirmation time? She will be able to see the pending deposit on her Binance account. See questions below. I signed up for coinbase and I'm stuck in the network confirmations. However, in practice, miners check the last 250 blocks. USDC is a fully collateralized, U.S. dollar-based stablecoin. Thanks to our platform, serious projects can now cryptographically differentiate themselves from scammy ones. It is a blockchain platform that supports smart contracts as well as the development of decentralized finance (DeFi) applications. Copyright 2020 LetsExchange. Cardano and Ergo have entered the chat and all the side chain they will inspire. Usage Advice. Krakens global client base trades over 200 digital assets and 8 different fiat currencies, including GBP, AED, EUR, USD, CAD, JPY, CHF and AUD. 3 confirmations Confirmations: A bitcoin transaction is considered unconfirmed until it has been included in a block on the blockchain, at whic. Why do you have to wait for confirmations? When you deposit digital currency, the transaction must be confirmed on the blockchain. . . The number of confirmations is the number of new blocks built over the block that your transaction was inserted into. Thus, you can expect 45 minutes turnarounds from initiating a SEN transfer to having USDC tokens ready for use, and these times can get even faster over time. See the full list of countries that Coinbase supports for crypto-to-crypto trading.. If the blockchain shows that . The opinion affirms an earlier district court ruling in Doe v. Thus, such transactions of the bitcoin network can be substantially broadcasted publicly using given elemental network transport. ._1x9diBHPBP-hL1JiwUwJ5J{font-size:14px;font-weight:500;line-height:18px;color:#ff585b;padding-left:3px;padding-right:24px}._2B0OHMLKb9TXNdd9g5Ere-,._1xKxnscCn2PjBiXhorZef4{height:16px;padding-right:4px;vertical-align:top}.icon._1LLqoNXrOsaIkMtOuTBmO5{height:20px;vertical-align:middle;padding-right:8px}.QB2Yrr8uihZVRhvwrKuMS{height:18px;padding-right:8px;vertical-align:top}._3w_KK8BUvCMkCPWZVsZQn0{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-actionIcon)}._3w_KK8BUvCMkCPWZVsZQn0 ._1LLqoNXrOsaIkMtOuTBmO5,._3w_KK8BUvCMkCPWZVsZQn0 ._2B0OHMLKb9TXNdd9g5Ere-,._3w_KK8BUvCMkCPWZVsZQn0 ._1xKxnscCn2PjBiXhorZef4,._3w_KK8BUvCMkCPWZVsZQn0 .QB2Yrr8uihZVRhvwrKuMS{fill:var(--newCommunityTheme-actionIcon)} USDT 25 . And that's for xfers of either $20, $1k or $10k. About time to go ahead and list kindly explain how there is no cryptography in Bitcoin. What Is Block Confirmation on Ethereum And How Many Confirmations Are It is a blockchain platform that supports smart contracts as well as the development of decentralized finance (DeFi) applications. This subreddit is a public forum. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} Thats roughly equivalent to 2 minutes. Depositing US currency into my Coinbase Pro account. : CoinBase - reddit The EVM is a software compiler. Coinbase is changing the number of confirmation requirements we require for four assets on the platform. 1. You can learn more here. The ETC blockchain continues running the old code. Double spending repeated spending. (I want to deposit money in US Currency), After selecting USD I get two options: (1) Crypto Address: USDC transfers will be credited to your account after 35 network confirmations. The main goal of this project is to decentralize blockchain products and services. Fewer confirmations wont ensure a high level of security. 30 USDT. The time estimates assume that your transaction has been confirmed in the first block after the transaction was sent. ._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newCommunityTheme-widgetColors-lineColor);border:none;height:1px;margin:16px 0}._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3,._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE,.icon._2Vkdik1Q8k0lBEhhA_lRKE{background-position:50%;background-repeat:no-repeat;background-size:100%;height:54px;width:54px;font-size:54px;line-height:54px}._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4,.icon._2Vkdik1Q8k0lBEhhA_lRKE._1uo2TG25LvAJS3bl-u72J4{filter:blur()}.eGjjbHtkgFc-SYka3LM3M,.icon.eGjjbHtkgFc-SYka3LM3M{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%;height:36px;width:36px}.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4,.icon.eGjjbHtkgFc-SYka3LM3M._1uo2TG25LvAJS3bl-u72J4{filter:blur()}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.icon.tWeTbHFf02PguTEonwJD0{margin-right:4px;vertical-align:top}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}.icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;margin-left:6px;height:14px;fill:#dadada;font-size:12px;vertical-align:middle}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._1vPW2g721nsu89X6ojahiX{margin-top:12px}._pTJqhLm_UAXS5SZtLPKd{text-transform:none} The number of these confirmations shows how many blocks have been created after adding your transaction to the blockchain. Usually, the delay is under an hour or within 24 hours in some cases. Enter your wallet address (this must be a Unicrypt compatible wallet such as Metamask, Coinbase Wallet or Wallet Connect), select the Ethereum network (ERC20), enter the amount you want to transfer and click on the Withdraw button: 4. what does the "12 confirmations" mean in the mist when sending Getting so many confirmations takes about 1 hour. USD Coin (USDC) is a stablecoin redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. If you have a case number for your support request please respond to this message with that case number. This is because it is affected by factors such as the total network activity, hashrate and transaction fees. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. (What is 35 network confirmations referring to?). Press question mark to learn the rest of the keyboard shortcuts. Why do exchangers put multiple network confirmations? Confirmation requirements for digital currency deposits Navigate to Funding > Tick Show all assets or Search for USD Coin (USDC) > Click Deposit next to USD Coin (USDC), then generate a deposit address and send USD Coin (USDC) to this address, For a visual guide, see our support article on, 5 USDC (applicable to USDC/EUR, USDC/USD, USDC/USDT), All-Time Low: $0.967926 USD (Oct 26, 2019), Market Cap: $516,834,859 USD (Jan 5, 2019). But it also happens that unconfirmed transactions are lost. Users can deposit funds to their account by sending a Layer 1 Ethereum transaction through their wallet through the website. For a Dogecoin transaction, It should be received after 60 confirmations. Some investors expect it to be as successful as Bitcoin, if not more. ETH is the most sought-after cryptocurrency aside from Bitcoin. You can buy coins immediately but you cannot withdraw until the hold on the funds is up. Its done! The address may be an incorrect one. When depositing digital currency to BitForex, the platform prompts that transfer is successful, but the assets have not been credited after a long time? To learn more, see our tips on writing great answers. However, most platforms, including CEX.IO, require a minimum of three confirmations for Bitcoin transactions to be shown on your balance to save time. (2) Coinbase.com: Transfer funds instantly from Coinbase.com to Coinbase Pro. All transactions require at least 10 confirmations on the Ethereum Network and usually take 5-10 minutes depending on gas fees and network congestion. Step 4: Suppose you have chosen the USDT token and TRC-20 as your deposit network, the QR code and the letter string generated will correspond to the USDT-TRC20 address under your MEXC account. You can check the status of your transaction using the block explorer below: . Just send your exchange amount in another coin to the deposit address and receive ETH straight to your wallet. In practice, major exchanges require around 50 confirmations to consider an Ethereum transaction complete. Now that you know how it will play out and how to successfully participate, we can move on the next step: How to transfer your USDC from Binance Smart Chain to Ethereum network ? What number of confirmations is considered secure in Ethereum? Processing time of cryptocurrency deposits (blockchain confirmations) Did any DOS compatibility layers exist for any UNIX-like systems before DOS started to become outmoded? 20 confirmations. Some exchanges deliberately require a large number of confirmations in order to keep users' funds in their account as long as possible and dispose of them at their discretion. Why stETH Can Be a Good Option for Your Investment Portfolio? There are two options for this. The amount of required "network confirmations" varies for different blockchains. Since its release in 2015, this platform has enabled. After creating the transaction, Alice needs to wait for the network confirmations. It's the same fee for $1 as $10000. For BTC, It should be received after 3 confirmations. Thanks for the heads up! For USDC, It should be received after 35 confirmations. What are the charges for sending and receiving crypto? Then, the validators will vote on this group of blocks called 'Epoch'. Imagine a transaction worth $1 million. Here are the number of confirmations needed for every cryptocurrency to be credited to your CEX.IO account: Once you create a withdrawal operation on your CEX.IO account and confirm it (with your email and two-factor authentication on the website or WPC in the mobile app), its sent to the blockchain for processing. Go to your Activity tab and tap the transaction, then tap Report a Problem. If your transaction did not confirm in the first . USDC transfers will be credited to your account after 35 network confirmations. Tether (USDT) | Coinbase Help Your transaction needs several confirmations in order to be considered "confirmed". Stay tuned for further updates, crypto guides, and market insights from LetsExchange. Confirmation of transactions is something you should know about. Select the correct network for the deposit. . One solution to the problem was an increase in the number of confirmations required to withdraw crypto funds from exchanges. How many days must I wait before I can conclude that an incoming crypto transaction has failed? Moderate. If you have a case number for your support request please respond to this message with that case number. Sometimes a large amount of confirmations are required due to early incidents with a particular currency. For example, in 2018, a hacker attack was carried out on the Bitcoin Gold (BTG) hard fork. The decentralized database managed by multiple participants is known as Distributed Ledger Technology (DLT). (What does this statement mean?). Be extremely careful with market orders and orders that trigger market orders (e.g. We wanted to let you know that we recently reduced confirmation times (# of confirmations needed) for ETC from 92k to 10k. We also recommend clarifying the number of confirmations needed by the recipient wallet. High. Although typically this should only take about ~5 minutes,this can take anywhere from five minutes to four hours. Also, make sure to check all details of the destination wallet address. Transactions that have entered only the bounced branch lose their confirmed status. To Avoid Overlapped Contacts On A Periapical Image. For example, on the Bitcoin blockchain, a block is mined on average every 10 minutes, and Nexo only credits Bitcoin deposits to a client's account after a minimum of 6 confirmations, which takes approximately 60 minutes. (1) The deposit address should be a CoinEx address. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future. USDC is based on Ethereums ERC-20 standard, making it interoperable with most major wallet and custody services. For your security, do not post personal information to a public forum, including your Coinbase account email. Not the market (looks like bar graph).Then you can select deposit and that will deposit US currency you can use to buy crypto. Asking for help, clarification, or responding to other answers. Ripple is a money transfer network designed to serve the needs of the financial services industry. 6. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} Receive. 30 (approximately 6 minutes) Fine print and fees. It also serves as a platform for other cryptocurrencies. I have a problem with a crypto transaction I sent. Deposits. Please select a deposit network that's supported on CoinEx and make sure it's available for the crypto you'd like to deposit. . Ethereum (ETH) Network. Getting so many confirmations takes about 1 hour. Trade Bitcoin (BTC), Ethereum (ETH), and more for USD, EUR, and GBP. ._1sDtEhccxFpHDn2RUhxmSq{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap}._1d4NeAxWOiy0JPz7aXRI64{color:var(--newCommunityTheme-metaText)}.icon._3tMM22A0evCEmrIk-8z4zO{margin:-2px 8px 0 0} Why am I unable to send crypto to a Crypto Address? ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} Why do small African island nations perform better than African continental nations, considering democracy and human development? Not long ago I was able to xfer USDC out of CB for less than $1.5 per transaction, then it went up to $3.5, last night to over $7 and right now it's more than $22. What happens when you send ETH funds to a crypto wallet? By clicking Post Your Answer, you agree to our terms of service, privacy policy and cookie policy. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participants ledger. Our Public Sale is fast approaching and many Binance Smart Chain users are asking us how to participate. I transferred coins to my Celsius account but they - Celsius Network WTF? For your security, do not post personal information to a public forum, including your Coinbase . I think I'll try again on Friday, when I'll be home. Once on the Binance bridge website, follow these few steps: 3. The Most Promising and Most Overvalued Crypto Assets. Transactions of bitcoin are composed of input, cash amount, and output. CoinList waits for 30 confirmations to consider an ETH or ERC-20 transaction final. Please allow up to one hour for the network to pick up your transaction. It means that you need 250 confirmations to be on the safe side as miners are. FinchTrade, a Swiss-based digital asset liquidity provider, has recently added a new token - SNACK, which is the world's fastest-growing iGaming token. Crypto On-chain transactions are irreversible! This can cause transactions to remain in the "Pending" state . As of December 1, 2019, over $1.3 billion USDC has been issued with $830 million redeemed. Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Highest. Large amount Low-frequency. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.3b33fc17a17cec1345d4_.css.map*/. (I don't have a . So I read that I shouldn't use Robinhood for the solidarity movement tomorrow. Read on to get the answers. Add a Comment. Yes, you can look up a transaction in the block explorer since Crypto transactions are displayed in a public ledger. Confirmation of transactions is something you should know about. On the other hand, there is no charge for receiving cryptocurrency into your Chipper crypto wallet. It also serves as a platform for other cryptocurrencies. The Ledn Savings accounts allow clients to earn interest on their BTC and USDC holdings. These transactions can return to the queue and end up in a new block. How to bridge your USDC from Binance Smart Chain to Ethereum? Deposit Questions - Help Center I saw one for me around $900 lol and I only wanted to send 113 USDC. 35 network confirmations time usdc - bridgeloans.money After creating the transaction, Alice needs to wait for the network confirmations. Kirsten Korosec. For example, in 2018, a hacker attack was carried out on the Bitcoin Gold (BTG) hard fork. What is the longest fork that had occurred so far? just as bitcoin's price was coming off its all-time highs. How many Ethereum block confirmations are necessary? Usually, the delay is under an hour or within 24 hours in some cases. You can see the number of confirmations in your CoinList wallet. AGLD can also potentially be used for future in-game credits or other projects that build on top of Loot Project. But since it's USDC, and it's pegged to USD, can't I just sell the USDC and withdraw dollars from Coinbase instead? You can see the number of confirmations in your CoinList wallet. The first step is to create a transaction that will transfer the funds from her personal wallet into Binance. You will receive a confirmation e-mail if this account has been registered. Bitcoin (BTC) Network. The number of confirmations is the number of new blocks built over the block that your transaction was inserted into. Easily deposit funds via Coinbase, bank transfer, wire transfer, or cryptocurrency wallet. The main goal of this project is to decentralize blockchain products and services. min. The larger the transaction, the more block confirmations will be required to accept it. Make sure to pay attention to the number of days they hold your money for. For a USDC transaction, It should be received after 35 confirmations. Is USD Coin the same as USDC. Using indicator constraint with two variables. Is this feasible to complete by tomorrow? How can I cancel a not yet pushed transaction in Mist? ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} 2. That's roughly equivalent to 2 minutes. How long will it take for a Chipper user to receive cryptocurrency sent from another crypto address? This prevents them from making quick deals. 1. This subreddit is a public forum. When you deposit digital currency, the transaction must be confirmed on the blockchain. The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium. However, in practice, miners check the last 250 blocks. Learn more about Stack Overflow the company, and our products. Ethereum's whitepaper establishes a minimum number of 7 confirmations to validate the transaction. More FAQs - Cryptocurrency (Crypto On-Chain), Frequently asked questions on sending and receiving cryptocurrency (Crypto On-Chain). My platform says it's $110 to transfer USDC. Thank you for taking the time to read my . The nodes are computers used for mining. It means that you need 250 confirmations to be on the safe side as miners are. GYEN requires 35 network confirmation. Press J to jump to the feed. what does the "12 confirmations" mean in the mist when sending transactions? Funding: Kraken will enable deposits and withdrawals for USDC at approximately 14:30 UTC on January 8. So you need to first link your bank to your pro account, see settings. Ethereum Stack Exchange is a question and answer site for users of Ethereum, the decentralized application platform and smart contract enabled blockchain. Users often ask the question "Why so many?" How Intuit democratizes AI development across teams through reusability. If your transaction was inserted into block 1234567, waiting for 12 confirmations would mean waiting until block 1234578 is produced, AND your transaction is still in block 1234567. The transaction's confirmations count depends on how many network nodes have confirmed the transaction. Create an account to follow your favorite communities and start taking part in conversations. Please report any individual impersonating Coinbase staff to the moderators. Worlds first decentralized vesting platform ! ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} 35 network confirmations are required for UST. As such, this is one of the most ambitious projects in the crypto sphere. If so, how close was it? Other Payments Questions Are there fees for storing assets in CoinList wallets? Press question mark to learn the rest of the keyboard shortcuts. We have discussed how many confirmations Ethereum needs to accept a transaction as valid. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{margin-top:12px}._136QdRzXkGKNtSQ-h1fUru{display:-ms-flexbox;display:flex;margin:8px 0;width:100%}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;-ms-flex-pack:justify;justify-content:space-between;-ms-flex-align:center;align-items:center}.r51dfG6q3N-4exmkjHQg_,._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex}._2BnLYNBALzjH6p_ollJ-RF{margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._2nxyf8XcTi2UZsUInEAcPs._2nxyf8XcTi2UZsUInEAcPs{color:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor)}