What Are Confirmations?
When a transaction is broadcasted to the network, miners eventually include it in a block. Once added, the transaction receives its first confirmation. Each subsequent block increases the confirmation count. A transaction is considered successful after multiple confirmations.
How to Track Transactions
Locate the Transaction Hash (TXID)
- Find the TXID in your wallet or exchange platform (e.g., EarnPark’s deposit window).
Identify the Blockchain
- Determine which blockchain the coin/token uses (e.g., Bitcoin, Ethereum).
Use a Blockchain Explorer
- Enter the TXID into a blockchain explorer to check the transaction status.
Popular Blockchain Explorers
| Blockchain | Explorer URL |
|------------|----------------------------|
| Bitcoin | blockchain.com |
| Ethereum | etherscan.io |
| Binance Smart Chain | bscscan.com |
👉 Learn how to interpret explorer data
Next Steps After Confirmation
If the explorer shows the transaction as confirmed, your funds have been successfully processed.
Why Confirmations Matter
- Prevents Double-Spending: Funds are credited only after sufficient confirmations.
- Transaction Finality: More confirmations = higher irreversibility.
- Nonexistent Transactions: If the TXID isn’t on the blockchain, the transaction didn’t occur.
Confirmation Times by Blockchain
| Blockchain | Avg. Block Time | Confirmations Needed |
|------------|----------------|----------------------|
| Bitcoin | 10 minutes | 1+ |
| Ethereum | 15 seconds | 12+ |
| Litecoin | 2.5 minutes | 6+ |
Note: During network congestion, block times may extend (e.g., Bitcoin blocks can take 30–60 minutes).
Troubleshooting Unreceived Coins
- Verify the TXID: Ensure the transaction exists on the blockchain.
- Check the Deposit Address: Search the recipient address in the explorer.
- Review Network Fees: Low fees may delay confirmations.
👉 Resolve delayed transactions
FAQs
Q1: How many confirmations are needed for Bitcoin deposits?
A: EarnPark requires 1 confirmation (~10 minutes), but exchanges may demand more.
Q2: Why isn’t my transaction showing on the explorer?
A: It may still be in the mempool or failed due to insufficient fees.
Q3: Can I cancel a sent transaction?
A: No—once broadcasted, transactions are irreversible after confirmation.
Q4: How do I speed up a stuck transaction?
A: Some wallets offer fee bumping or RBF (Replace-By-Fee) for Bitcoin.
Q5: What if I sent coins to the wrong address?
A: Recovery is impossible unless the recipient voluntarily returns them.