Transaction confirmation is required to prevent the same funds from being spent twice. Once the sender transfers funds, the transaction is sent to the network to be executed and included in a block.

The process of adding a transaction to a found block is called transaction confirmation.

How long to wait for blockchain network confirmation?

The confirmation speed depends on many factors, such as: the network load, the size of the commission specified during the transfer, etc.

On average, transaction confirmation takes from 10 minutes to several hours. But sometimes confirmation can take 2 or more if the network is heavily loaded.

The required number of confirmations for currency crediting: