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Bitcoin Cash is a popular cryptocurrency that requires confirmations to ensure secure transactions. Confirmations refer to the number of times a transaction has been verified by the network. For most Bitcoin Cash transactions, it is recommended to wait for at least 6 confirmations to consider them fully secure. This process helps prevent double-spending and ensures the integrity of the blockchain.
In general, the number of confirmations needed can vary based on the transaction amount and risk tolerance. Smaller payments might be accepted with fewer confirmations, while larger transfers should wait for more. Understanding how many confirmations are required for Bitcoin Cash can help users manage their transactions effectively and avoid potential risks. |
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