In order to send cryptocurrencies from one wallet to another, you need to create a transaction that should be confirmed on a blockchain. When you check your operation on the blockchain, you can see how many confirmations it has received. The number of these confirmations shows how many blocks have been created after adding your transaction to the blockchain. The more confirmations a transaction has, the more secure it is.
In fact, the processing time depends on the network participants (validators), and neither CEX.IO nor any other crypto exchange platform can influence it. Generally, Bitcoin transactions are considered secure after receiving at least six confirmations. However, most platforms require between one and three confirmations for Bitcoin transactions to be shown on your balance to save time. Here are the number of confirmations needed for every blockchain to be credited to your CEX.IO account:
Deposits
Algorand — 10 confirmations
Aptos — 2 confirmations
Arbitrum — 25 confirmations
Avalanche — 32 confirmations
Base — 25 confirmations
Binance Smart Chain — 25 confirmations
Bitcoin — 2 confirmations
Bitcoincash — 6 confirmations
Bittensor — 30 confirmations
Cardano — 15 confirmations
Celestia — 1 confirmation
Cosmos — 1 confirmation
Dash — 6 confirmations
Dogecoin — 6 confirmations
Dydx — 1 confirmation
Dymension — 15 confirmations
Ethereum — 25 confirmations
Ethereumpow — 25 confirmations
Fetchai — 15 confirmations
Flare — 32 confirmations
Hyperevm — 32 confirmations
Injective — 1 confirmation
Icp — 1 confirmation
Kava — 15 confirmations
Kusama — 10 confirmations
Litecoin — 3 confirmations
Mantracosmos — 1 confirmation
Monad — 32 confirmations
Near — 1 confirmation
Neo3 — 5 confirmations
Ontology — 6 confirmations
Optimism — 25 confirmations
Polkadot — 10 confirmations
Polygon — 128 confirmations
Ripple — 1 confirmation
Seievm — 1 confirmation
Solana — 1 confirmation
Sonic — 25 confirmations
Stellar — 1 confirmation
Sui — 5 confirmations
Tezos — 30 confirmations
Theta — 1 confirmation
Thor — 1 confirmation
Ton — 1 confirmation
Tron — 19 confirmations
XDC — 68 confirmations
Zilliqa2 — 32 confirmations
Withdrawals
Once you create a withdrawal operation on your CEX.IO account and confirm it with two-factor authentication, it’s sent to the blockchain for processing. When your withdrawal hits the destination wallet depends on various factors, including the network load and the number of confirmations needed by the recipient platform.
Please allow up to one hour for the network to pick up your transaction. We also recommend clarifying the number of confirmations needed by the recipient wallet.
Also, make sure to check all details of the destination wallet address. Remember that a crypto transaction cannot be reversed.
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