Overview

Blockchain confirmations are crucial for maintaining the security and integrity of the blockchain. This process ensures that transactions are securely verified, thereby preventing fraud and double-spending. However, the number of confirmations also directly impacts the time it takes for a transaction to complete and for the funds to become available in your wallet. The higher the number of required confirmations, the longer it takes for the transferred amount to be accessible.

Whether you aim to speed up transaction flow by reducing the number of confirmations or enhance security by increasing them, follow the recommendations below for an effective setup.

When to reduce the number of confirmations

A low number of blockchain confirmations should only be set for transactions coming from well-known and trusted sources. This is advisable when the origin of the transaction is your connected exchange account, a trusted counterparty, or even a transaction between two vault accounts within your workspace.

When to increase the number of confirmations

A low number of blockchain confirmations should not be set for transactions arriving from unknown external addresses, or from addresses that you do not control or do not have a well-established, trusted business relationship with.