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How many confirmations are required to deposit cryptocurrency?
How many confirmations are required to deposit cryptocurrency?

Each cryptocurrency requires a certain number of network confirmations to deposit assets to your CoinLoan account.

Sofia avatar
Written by Sofia
Updated over a week ago

To make a deposit, open the Wallet tab in your CoinLoan account, choose the cryptoasset you would like to deposit and click the Deposit button. You will see the generated address and QR code. Use it to send coins from another Wallet or Platform.

Every cryptocurrency deposit requires a certain number of confirmations before it appears in your CoinLoan wallet. You can find the minimum amount of needed confirmations for each coin deposit at the bottom of the deposit address (see example below):

Please find the table below with all the requirements for making a deposit and the needed confirmations:

Cryptocurrency

Confirmations Required

Bitcoin (BTC)

3

Bitcoin Cash (BCH)

15

Ethereum (ETH)

30

Litecoin (LTC)

6

Monero (XMR)

15

CoinLoan Token (CLT)

30

Ripple (XRP)

1

ChainLink (LINK)

30

Stellar (XLM)

1

Wrapped Bitcoin (WBTC)

30

TrueUSD (TUSD)

30

USD Coin (USDC)

30

Pax Dollar (USDP)

30

Tether (USDT)

30

Dai (DAI)

30

Binance USD (BUSD)

30

PAX Gold (PAXG)

30

Polkadot (DOT)

2

Maker (MKR)

30

Cardano (ADA)

15

Solana (SOL)

1

EOS

1

Binance Coin (BNB)

30

Once you have received enough confirmations for your transaction, check your Wallet. There might be a little delay as our system needs to record your deposit arrival. If your deposit did not appear in your CoinLoan Wallet, please contact us with the name of the coin and TxID (Transaction Hash). We’ll check the transaction manually.

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