Cryptocurrency Q&A How long do Litecoin payments take?

How long do Litecoin payments take?

DigitalLord DigitalLord Tue Dec 03 2024 | 7 answers 1804
I want to know the time it takes for a Litecoin payment to be processed and confirmed. I'm curious about the transaction speed of Litecoin. How long do Litecoin payments take?

7 answers

SeoulSerenity SeoulSerenity Thu Dec 05 2024
The advisable number of confirmations is at least six.

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Raffaele Raffaele Thu Dec 05 2024
Ensuring the security of Litecoin transactions is crucial for users.

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SeoulSerenitySeekerPeaceLover SeoulSerenitySeekerPeaceLover Thu Dec 05 2024
To achieve this, a general recommendation is to wait for a specific number of confirmations.

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Michele Michele Wed Dec 04 2024
Based on six confirmations and a block time of 2.5 minutes, the average transaction time would amount to roughly 15 minutes.

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Federica Federica Wed Dec 04 2024
This figure is considered sufficient to verify the authenticity and legitimacy of the transaction.

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