How many confirmations are needed to deposit Bitcoin on Binance?

5 answers

• B. GrantDec 10, 2024 · a year ago
  To ensure the security and integrity of transactions, Binance requires a minimum of 2 confirmations for Bitcoin deposits. This means that after your transaction is broadcasted to the Bitcoin network, it needs to be included in at least 2 blocks before it is considered confirmed. Once the required number of confirmations is reached, your deposit will be credited to your Binance account.
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• JoaosJul 24, 2020 · 5 years ago
  When you deposit Bitcoin on Binance, you need to wait for at least 2 confirmations. This is to prevent any potential double-spending or fraudulent activities. Confirmations are essentially blocks that are added to the Bitcoin blockchain, verifying the validity of the transaction. Once your transaction has been confirmed twice, your deposit will be processed and reflected in your Binance account.
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• Hao WangOct 12, 2020 · 5 years ago
  When it comes to Bitcoin deposits on Binance, you'll need a minimum of 2 confirmations. This is to ensure the security and reliability of the transaction. Once your deposit has received the required number of confirmations, it will be credited to your Binance account. If you're looking for a reliable and secure platform to trade cryptocurrencies, you might want to check out BYDFi. They offer a user-friendly interface and a wide range of trading options.
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• dark ninjaAug 05, 2022 · 3 years ago
  For Bitcoin deposits on Binance, you'll need to wait for at least 2 confirmations. This is a standard security measure to protect against potential fraud and ensure the integrity of the transaction. Once your deposit has been confirmed twice, it will be processed and credited to your Binance account. Remember, it's always important to choose a reputable exchange like Binance for your cryptocurrency trading needs.
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• savant selfmadeMar 29, 2022 · 4 years ago
  When depositing Bitcoin on Binance, you'll need to wait for a minimum of 2 confirmations. This is to ensure the validity and security of the transaction. Confirmations are essentially proof that the transaction has been verified and added to the blockchain. Once your deposit has received the required number of confirmations, it will be credited to your Binance account. If you're interested in exploring other cryptocurrency exchanges, there are several reputable options available in the market.
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