How network confirmations work
Why deposits and withdrawals take a few minutes to settle.
Beginner 2 min readUpdated 5/27/2026
When you send crypto, the network must record it in blocks and confirm it. Each new block on top adds a "confirmation".
Coinwaka waits for a safe number of confirmations before crediting a deposit, so the funds can't be reversed. Busy networks or low fees can make this slower. This is normal — your funds appear once enough confirmations are reached.