How long does it take for your coins to become visible in your vault?
The time it takes for your coins to become visible in your vault varies depending on the coin and blockchain. Each coin has a different speed at which blocks are mined. We require a different number of confirmations per coin before your coins become visible.
What are confirmations?
When you send crypto, your transaction is sent to the network. Your transaction needs to be verified. Miners and validators secure the network and perform these verifications. Once your transaction is verified and approved, it gets added to the blockchain. Your transaction joins other transactions in a block on the blockchain. Miners then process this block. Once they have processed the block, your transaction receives 1 confirmation. Each subsequent block serves as an additional confirmation.
Can you track your transaction?
Absolutely! You can find instructions on how to track your transaction on the following pages:
- How do you track your Bitcoin transaction?
- How do you track your Ripple transaction?
- How do you track your Dogecoin, Bitcoin Cash, or Litecoin transaction?
- How do you track your Ethereum transaction
Why do we use confirmations?
Placing a transaction on the blockchain takes some time. Your transaction undergoes verification to prevent double spending and other security measures. The entire blockchain is checked for your specific transaction, and if everything is in order, the transaction is approved. This ensures the security of your deposit, and it is carefully added to your vault.