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Confirmations correspond to the number of blocks that are dependent on a given transaction. This includes the block containing that transaction and all blocks after it in the blockchain. The more confirmations a transaction has, the more likely is it that it will remain in the blockchain permanently.

4 votes

Why did my Coinbase transaction take 4.5 hours to get in a block?

Brian from Coinbase here. Sorry you experienced delays! There have been some issues in the past that we are working to improve. Coinbase sends a high volume of bitcoin transactions (often in parall …
Brian Armstrong's user avatar