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Transaction confirmation is necessary in order to prevent the repeated spending of the same funds. As soon as the sender transfers the funds, the transaction enters the network for execution and inclusion in the block.

It is the process of adding a transaction to the found block that is called transaction confirmation.

One block includes one confirmation. As soon as your transaction is confirmed, the cryptocurrency becomes available for the further use.

How long does it take to confirm the blockchain network?

The speed of confirmation depends on many factors, such as: the workload of the network itself, the amount of the commission indicated during the transfer, the speed of the Internet connection, etc.

On average, transaction confirmation lasts from 30 minutes to several hours. But sometimes confirmation can be expected from 2 to 14 days if the network is overloaded.

Withdrawal of funds will become technically possible when a certain number of confirmations occurs (depending on the type of cryptocurrency credited).

Required number of confirmations depending on the currency

We accept payments to the wallets of the WhiteBIT exchange. The WhiteBIT exchange has set the following number of blocks required to confirm the payment:

Ticker Number of network confirmations
ADA 100
BAND 20
BAT 20
BCH 10
BNB 60
BSV 40
SOL 4500
BTC 2
BTC BEP20 40
BTT 1
COMP 20
DAI 20
DASH 10
DOGE 15
DOT 20
EOS 330
ETC 300
ETH 20
ETH BEP30 25
GRT 20
ICX 870
LINK 20
LTC 10
MANA 20
MATIC (ERC20) 20
MATIC (POLYGON) 860
MKR 20
NEO 3
OMG 20
SHIB 20
TRX 1
TUSD 20
UNI 20
USDC 20
USDP 20
USDT (BEP20) 40
USDT (ERC20) 20
USDT (EOS) 330
USDT (Omni) 3
USDT (TRC20) 20
VET 210
WAVES 10
XLM 1
XMR 10
XRP 1
XTZ 35
YFI 20
ZEC 22
ZRX 20
NEAR 3
LUNA 315
UST 315
AVAX 970

As for the number of confirmations for the DASH coin. The InstatSend function is implemented there, so transactions immediately come to us. Analysis shows: on average, InstantSend Dash transactions are confirmed by the network in less than two seconds

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25.09.2022, 23:58