Confirmations requirements for different cryptocurrencies

Confirmations

When you use Sheepy to accept crypto payments, you need to understand how confirmations work. Confirmations are the number of times the blockchain network verifies a transaction before it is considered final and irreversible.

Confirmations are important for the security and reliability of your crypto payments. The more confirmations a transaction has, the less likely it is to be reversed or invalidated by the network. However, confirmations also take time and depend on the network conditions and the transaction fee.

How to track crypto transactions using a block explorer

Tracking crypto transactions can help users monitor their balances, verify the status of their payments, and analyze the activity of other users on the network.

A block explorer is a website or an application that allows users to browse and search the blockchain ledger. Just enter the address, transaction ID, or block number of a crypto transaction and get detailed information such as the amount, fee, time, and confirmation status.

Sheepy uses different confirmation requirements for different cryptocurrencies. You can check the confirmation requirements for each cryptocurrency and find out popular block explorers for different cryptocurrencies in the table below.

We hope this article helps you understand how confirmations work on Sheepy. If you have any questions or feedback, please feel free to contact our support team at [email protected]. We are always happy to help!