After 1.5 hours, I only only got 9 confirmations. What a turtle!

[shield132]

I am not sure, my exchange may require 10 or more confirmations.  I've just glued to the PC waiting.

Thanks to all your support, my BTC was credited after 12 confirmation to FinexBox exchange. I think around 1 and 40 minutes before it shows to my account.

I don't know if there really exists any business that requires more than 6 confirmation, especially up to 12 confirmation but usually, the number of confirmations that any crypto-related service provider asks is the following: 1, 3 or 6.
In case you need fast confirmation time, you can do the following:
1. Use Lighting Network.
2. Use Alternative currencies

You can only use LN if the service provider supports it and you are able to send btc to SegWit address.
And if it's okay for you to buy altcoins and then convert into BTC, then I suggest you to use Ripple (XRP), it's the fastest in this case and you won't have a need to wait for minutes, it will happen withing seconds.

[dothebeats]

10 confirmations is a lot by today's standards, even on platforms that want security on the transactions that they are receiving. Most gambling platforms only ever require 2-3 confirmations before making the balance available to the end-user, so this is really weird. Well I guess there really are some outliers that require higher confirmations even if the benefit is non-existent.

Perhaps it's time for you to change exchanges then..

[7788bitcoin]

Thanks to all your support, my BTC was credited after 12 confirmation to FinexBox exchange. I think around 1 and 40 minutes before it shows to my account.

Is this even a legit exchange, it is time you move away from this exchange and find a new one that is trusted by everyone.

I just took a look at the trust score and there are several complaints regarding the site https://www.trustpilot.com/review/finexbox.com

I am still baffled with the decision some would take and why would anyone trade in suspicious exchanges like this with a ton of complaints.

[TangentC]

I sent bitcoin today but after more than 1.5 hours of waiting, I could only get 9 confirmations. Still waiting! Haaaaaaay.....

Better Coins for speed are
Litecoin : 2½ minute blockspeed
Doge     : 1 minute Blockspeed
Cardano and Algorand : less than 20 seconds

"Better" is subjective. Those coins might have a lower block interval, but they are less secure. While an exchange might require 1-3 confirmations for BTC, they typically require many more for the coins you listed.

Here are the confirmation requirements for Kraken deposits:

Cryptocurrency	Confirmations Required
Algorand (ALGO)	10 confirmations
Bitcoin (BTC)	4 confirmations (depending on fee)
Cardano (ADA)	15 confirmations
Dogecoin (DOGE)	40 confirmations
Litecoin (LTC)	12 confirmations

Valid Point
Algorand is still complete in 1 minute.  
Algorand is more secure , it is a 3rd generation blockchain tech and all transactions are final after 1 block ~4 seconds.
Bitcoin is old/slow 1st gen blockchain tech, it can't match 3rd generation blockchain tech like Algorand or Cardano.

Cryptocurrency	Confirmations Required
Algorand (ALGO)	10 confirmations	Time = ~45 Seconds
Cardano (ADA)	15 confirmations	Time = ~ 5 Minutes
Litecoin (LTC)	12 confirmations	Time = ~30 Minutes
Dogecoin (DOGE)	40 confirmations	Time = ~40 Minutes
Bitcoin (BTC)	4 confirmations (depending on fee)	Time = ~40 Minutes

[verita1]

When I was a beginner I had these concerns but everything changed after I made several transactions. I am also concerned about the observation that 7788bitcoin made. If I were OP I would use a Top exchange platform that Coinmarketcap or Coingecko review, my preferred platform is Binance for all my coins including FIAT in their Binance P2P.

[AmoreJaz]

Why would you need 9 confirmations though?

I have used an exchange in the past that required 10 confirmations, some exchanges are just supposed not to be used. Even the so called binance with a marketcap of over 90 billion still require only 1 confirmation for deposit, while it require 2 confirmations before someone will be able to withdraw, but some people just still like to make use of such exchanges that require 7 or more confirmation because they are novice to this. 

even my local exchange requires only 3 confirmations. 10 confirmations is too much i guess. so yeah, better not to use that exchange if you have other options. maybe it is his local exchange and needs to convert into his local fiat.
most international crypto exchanges requires only 1 or 2 confirmations. and also, if he got 9 conf, it will not be long to get the next. at least his tx is already confirmed in the network, whereas others are waiting for days for their tx to be confirmed because they happen to use small sat/byte.

[Quidat]

I sent bitcoin today but after more than 1.5 hours of waiting, I could only get 9 confirmations. Still waiting! Haaaaaaay.....

Depends on the wallet you've been using. Would you mind on sharing up on what wallet you had sent those coins from and where the wallet it would be passed on?

When it comes to confirmation and being credited on a balance then there are some platforms which does have specific confirmation counts before you can see it on your balance.

When it comes to confirmation then it would also vary on the fee you had set out and specially now the mempool isnt really that to clogged
then processing out transactions wouldnt really be that much of a problem.

[iTrade2021]

I get it, around 10 minutes per confirmation. Each exchange uses a different wallet, confirmation count acceptance and etc., and I have no control over that. But it would nice if every exchange, establishment and individual adhere to one number only so the time of people could be used on other things rather just waithng, and perhaps also demand some rights based on confirmation counts. I am at the mercy of the other end when they decide it is accepted.

Love to used big exchanges with little confirmations but the new coins I am buying are on rare small exchanges and I have to chase them there with an element of risk also. These new coins can not afford to be listed on the prime exchanges because of the high fees.

On the sideline, I missed my lunch 'cause of this waiting. I was hungry and angry
 

[mindrust]

even my local exchange requires only 3 confirmations. 10 confirmations is too much i guess. so yeah, better not to use that exchange if you have other options. maybe it is his local exchange and needs to convert into his local fiat.
most international crypto exchanges requires only 1 or 2 confirmations. and also, if he got 9 conf, it will not be long to get the next. at least his tx is already confirmed in the network, whereas others are waiting for days for their tx to be confirmed because they happen to use small sat/byte.

If you are on a exchange that requires 10 confirmations, you should probably dump that exchange and move on to something else. You definitely don't need to have 10 confirmations to be sure that the coins have arrived.

Tbh, I don't know a shit exchange like that and since it is a bad practice, it will only make them lose customers in the long run.

[BuNga_cute]

Thanks to all your support, my BTC was credited after 12 confirmation to FinexBox exchange. I think around 1 and 40 minutes before it shows to my account.

Is this even a legit exchange, it is time you move away from this exchange and find a new one that is trusted by everyone.

I just took a look at the trust score and there are several complaints regarding the site https://www.trustpilot.com/review/finexbox.com

I am still baffled with the decision some would take and why would anyone trade in suspicious exchanges like this with a ton of complaints.

I have been in the crypto world for a long time and even recently heard about Finexbox, I am confused by the many choices of trusted platforms.
There are still people who use finexbox, with the bad reputation that finexbox has, it is not recommended to use the platform. This is a lesson for
all of us if we want to have no problems when doing crypto transactions, always choose platforms that are popular and trusted.

[dkbit98]

I sent bitcoin today but after more than 1.5 hours of waiting, I could only get 9 confirmations. Still waiting! Haaaaaaay.....

There is some slowdown in Bitcoin network related with current moving of miners from China, but why would you need to have more than nine fast confirmation when you are not going to 100m race.
If you want faster transaction and lower fees you can consider switching to Lightning Network.

[Yatsan]

Having a long period of time needed to fulfill the needed confirmations for a certain transactions are normal depending on the amount of transactions that are being processed by the system to do be success but what the strange thing is that why does the OP having a big number of needed confirmation when commonly it just needs 1 confirmation to sometimes 4 based on my experience. If the exchange or site is proven to be a legible one, then you do not have to worry, maybe it is just a real thing that they are taking slow processing due to high volume having them a big number of confirmation.

[CryptoStar19]

To require 2 or 3 or 6 confirmations at most might be reasonable, but 10 confirmations for bitcoin... that's really unnecessary and doesn't really add any security beyond 5 or 6 confirmations.

[rodskee]

I sent bitcoin today but after more than 1.5 hours of waiting, I could only get 9 confirmations. Still waiting! Haaaaaaay.....

lol you should have told us also about the Set Fee because if you used the lowest transaction fee then expect that it would take long before landing in your wallet.

actually I am doing the same when i am not in a hurry and sometimes i also enjoyed waiting long and excited about when this will comes out lol.



Mind telling us now if the funds already fall to your wallet?

[Yogee]

I sent bitcoin today but after more than 1.5 hours of waiting, I could only get 9 confirmations. Still waiting! Haaaaaaay.....

lol you should have told us also about the Set Fee because if you used the lowest transaction fee then expect that it would take long before landing in your wallet.

actually I am doing the same when i am not in a hurry and sometimes i also enjoyed waiting long and excited about when this will comes out lol.

Are you trying to be funny or what? Why do you need to know the fees used when iTrade2021 already said the transaction has been confirmed and was only waiting the balance to reflect on the address he sent to?

Mind telling us now if the funds already fall to your wallet?

Read his other comment.

[BlackHatCoiner]

Valid Point
Algorand is still complete in 1 minute.  

Algorand is still less secure than Bitcoin.  

Yes, this is really a problem. But there is no solution yet.

For what thing there is no solution? For the confirmation time or for the non-sense behavior of some exchanges?

Depends on the wallet you've been using. Would you mind on sharing up on what wallet you had sent those coins from and where the wallet it would be passed on?

I didn't read the previous replies, but why does the wallet software matter? Confirmations happen on-chain, with no third-parties involved and the fact that an exchange requires 10 confirmations is unrelated with the wallet's custody.

OP, please share us the exchange name.

[Yogee]

...
I didn't read the previous replies,

OP, please share us the exchange name.

You should have.

...my BTC was credited after 12 confirmation to FinexBox exchange.

[RapTarX]

9 confirmation is more than enough. You have to think from the technical part not from which exchange require how many confirmations. In bitcoin, even 1 confirmation is enough because it’s such decentralized that you can't alter the transaction.

[bryant.coleman]

To require 2 or 3 or 6 confirmations at most might be reasonable, but 10 confirmations for bitcoin... that's really unnecessary and doesn't really add any security beyond 5 or 6 confirmations.

Different exchanges have different rules and I don't think that we can blame them for this. For margin traders, such lengthy delays can have an impact on their profit. But for the regular traders, it is manageable. In the past I had used some of the exchanges, which required as many as 60 confirmations for some of the altcoins. But that requirement was for the altcoins and for BTC, the requirement was only 3 confirmations. In the end, each exchange has their own advantages and disadvantages. Users are free to move on to another platform, if they don't like the services.

[swogerino]

It is not a turtle,it is just that your exchange that you have opted to deposit in uses a lot of confirmations,strange enough when Binance the nr1 world exchange only needs one for Bitcoin.You should move to a better exchange which requires less confirmations if you don't to wait that much for your next deposits.