What are blockchain confirmations?

Confirmation means that the transaction has been processed by the network and is highly unlikely to be reversed. Transactions receive a confirmation when they are included in a block and then for each subsequent block. Even a single confirmation can be considered secure for low-value transactions.
Although, for larger amounts like $1000 equivalent, it makes sense to wait for 6 confirmations or more. Each confirmation exponentially decreases the risk of a reversed transaction. 
It usually takes about 20 minutes to finish a transaction.
You’ll have a progress bar under your transaction to inform you about your transaction status.


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