Confirmation of the transaction is necessary in order to prevent repeated spending of the same funds. As soon as the sender transfers funds, the transaction is sent to the network for execution and inclusion in the block.
The process of adding a transaction to the found block is called transaction confirmation.
One block includes one confirmation. As soon as Your transaction is confirmed, the cryptocurrency becomes available for further use.
The speed of confirmation depends on many factors, such as the load of the network itself, the amount of Commission specified during the transfer, the speed of the Internet connection, etc.
On average, a transaction confirmation takes from 30 minutes to several hours. But sometimes you can wait from 2 to 14 days for confirmation if the network is overloaded.
Withdrawals will become technically possible when a certain number of network confirmations occur (depending on the type of cryptocurrency being credited).
|BTT, XRP, TRX, USDT (TRC20), XLM, EOS||1|
|ADA, BCH, ETC, DASH, XMR, WAVES||10|
|BAT, ETH, OMG, MATIC, USDT (ERC20), USDC, TUSD, PAX||20|