For security reasons, we require a digital asset/cryptocurrency deposit to receive a number of confirmations on its blockchain before the funds can be credited to your account.

What are confirmations?

When a transaction is broadcasted to the network, it has to wait to be included in a block by the miners. Once a transaction has been included in a mined block, the transaction has received 1 confirmation. With each subsequent block, the number of confirmations increases for the transaction.

Why are there confirmation requirements?

To avoid the risks of double spending, funds aren’t credited until a certain number of confirmations have taken place (as listed below).

The more confirmations received, the more permanent/irreversible the transaction is.

How long do confirmations take?

Each block is found at a different rate depending on the blockchain.

For example, on the Bitcoin blockchain, a block is mined on average every 10 minutes, and FMFW.io only credits Bitcoin deposits to a client’s account after 1 confirmation.

However, sometimes it can take Bitcoin miners 30 or even 60 minutes to mine a single block (1 confirmation). This is outside of our control.

FMFW.io confirmations requirements:

[Currency - Number of confirmations required]

ACD - 2

ADA - 20

ARRR - 10

ATOM - 10

AVA - 20

BCH - 2

BTC - 1

DAI - 20

DASH - 10

EOS - 25

EOSDT - 25

ETC - 60,000

ETH - 20

FLEX - 2

GOC - 2

HEX - 20

HONK - 2

LINK - 20

LTC - 5

OMG - 20

ONE - 20

ONT - 100

RFR - 20

RPZX - 20

SAI - 2

SPICE - 2

TRV - 20

TRX - 5

TUSD - 20

UPT - 20

USDH - 2

USDT - 2

WAVES - 50

XLM - 10

XMR - 5

XRP - 20

XZC - 3

ZEC - 6