1. Transfer Process
The transfer consists of three stages:
- JuCoin Outgoing Transaction: The platform processes the withdrawal and generates a TXID (transaction hash), usually completed within 30-60 minutes;
- Block Confirmation: The transaction enters the blockchain network, waiting for miners to package and confirm it;
- Recipient Account Credit: Funds arrive at the receiving platform/wallet. The arrival time depends on the block confirmation speed and the receiving platform’s rules.
Important Notes:
- If the blockchain transaction is unconfirmed, please patiently wait for the block confirmation to complete;
- If the blockchain transaction is confirmed but the funds have not arrived, please contact the receiving platform/wallet;
- Please ensure that the receiving platform/wallet supports the token and blockchain network used, otherwise funds may be lost and unrecoverable.
2. Explanation of Deposit/Withdrawal Confirmation Counts
What is Block Confirmation?
- Block confirmation refers to the process where on-chain transactions are packaged by miners into blocks and added to the blockchain.
- Confirmation count (Confirmation) means the cumulative number of confirmations a transaction has on the blockchain.
- The higher the confirmation count, the more irreversible the transaction is. Different blockchains have different requirements. For example, Bitcoin usually requires 6 confirmations for a transaction to be considered fully secure.
JuCoin Deposit/Withdrawal Confirmation Requirements:
- Different tokens have different block confirmation requirements. You can check the specific requirements on the deposit page.
- Each deposit must reach the specified confirmation count before it is credited and can be used for trading.
- After reaching the withdrawal unlock confirmation count, assets can be withdrawn or used for P2P trading.
Example: USDT Deposit
- USDT deposits require waiting for 3 block confirmations before being credited;
- After the deposit is credited, the assets will be temporarily frozen and can only be withdrawn after reaching 33 block confirmations.
Special Reminder:
- Before the deposit funds reach the unlock confirmation count, the assets can be used for trading and transfers, but cannot be withdrawn;
- After reaching the unlock confirmation count, withdrawals or C2C trading can be freely performed.
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