Bitcoin Deposits on Coinbase will now Require only Three Confirmations

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The United States’ largest crypto exchange, has brought in some welcome changes to its platform. Coinbase has just announced that it has changed the confirmation requirements for four different cryptocurrencies, including Bitcoin, Ethereum Classic, Zcash, and Litecoin. What changes did Coinbase introduce? Until now, Coinbase had strict confirmation requirements for each of the aforementioned assets. Most of these conditions were put in place over a year ago. Back then, the exchange did not have a consistent approach that informed users of each coin’s confirmation requirement. This led to situations where some assets ended up having overly-conservative confirmation requirements, while others did not have enough. Three out of four assets listed above were among those that had a higher number of confirmation requirements than necessary, as the exchange admits in its new statement. Bitcoin, for example, required 6 confirmations up to this point. Now, Coinbase is cutting that number in half,…

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