After a transaction is broadcasted to a Blockchain, it is presented to be included in a block by the miners. Once a transaction has been included in a block, the transaction has had 1 confirmation. With each subsequent block, the number of confirmations increases for the transaction. To avoid the risks of double spending, funds aren’t credited until a number of confirmations have taken place depending on the cryptocurrency. Each block is found at a different rate depending on the blockchain.    

Ether (ETH)      

30 Confirmations      

estimated 6 Minutes     

Bitcoin (BTC)      

3 Confirmations      

estimated 30  Minutes     

Bitcoin Cash (BCH)      

12 Confirmations      

estimated 120 Minutes     

Litecoin (LTC)      

6 Confirmations      

estimated 15 Minutes     

Ripple (XRP)      

3 Confirmations

estimated 30 Seconds

Execution times can vary on the conditions of the network. 

Note that we are not able to affect the speed at which transactions are confirmed on their respective blockchains.