Confirmation requirements for cryptocurrency payments

What are blockchain confirmations

When you use Sheepy to accept crypto payments, you need to understand how confirmations work. A cryptocurrency payment does not become final immediately after it is sent. Before a transaction is considered complete and safe to use, the blockchain network must verify and record it. This process is known as confirmation. Each confirmation represents a new block added to the chain after the block that contains your transaction. With every new block, the transaction becomes more secure and less likely to be altered or reversed.

Why confirmation speed differs by network

Different blockchain networks confirm transactions at different speeds. Some chains create new blocks every few seconds, while others take minutes. Network congestion, transaction fees, and the internal design of the blockchain can affect how quickly confirmations appear. Because of these differences, each cryptocurrency requires a specific number of confirmations to be recognized as final.

How Sheepy processes confirmed payments

Sheepy uses fixed confirmation requirements for all supported currencies to ensure predictable and secure processing. Once a transaction reaches the required number of confirmations, it is considered completed on the blockchain and is automatically reflected in your Sheepy account. Until that point, the payment will remain in a pending state, even if it already appears in the sender’s wallet.

For your convenience, you can track the status of any incoming transaction through publicly available blockchain explorers. Each blockchain has its own explorer where you can view the transaction hash, number of confirmations, and the current block height. These tools help you monitor payments in real time and understand how close they are to completion.

The table below lists all supported cryptocurrencies at Sheepy, along with the exact number of confirmations required for each network and a link to the recommended explorer where you can track transaction progress.