Binance drops confirmations for BTC and ETH transactions

09 Jul, 2019
by Ryan Boltman
Exchange
Binance drops confirmations for BTC and ETH transactions

Binance have announced that Ethereum and Binance deposits and withdrawals will now have lower confirmation requirements

Binance have therefore dropped BTC confirmations down from 2 confirmations down to 1 confirmation on deposits, and dropped Ethereum and ERC20 tokens confirmations by a massive 18 confirmations, from 30 down to 12 confirmations.

The idea seems to be that Binance want to offer a faster method of withdrawing and depositing funds for customers as Binance CEO Changpeng 'CZ' Zhao commented on the announcement, simply saying "faster" 

The latest news comes as Binance look to continue working on offering customers the best possible crypto trading experience possible.

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