For security reasons, DizPay requires 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.

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 DizPay only credits Bitcoin deposits to a merchant’s account after 2 confirmations, which takes approximately 20 minutes.

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

DizPay’s confirmations requirements


*Execution times can vary based on the conditions of the network

Note: we are not able to affect the speed at which transactions are confirmed on their respective blockchains.
Was this article helpful?
Cancel
Thank you!