Confirmation Time

Confirmation time in cryptocurrency refers to the amount of time it takes for a transaction to be verified on the blockchain. This process can take anywhere from a few seconds to several minutes depending on the network and the specific cryptocurrency being used.

In the context of arbitrage between exchanges, confirmation time can impact the speed at which trades can be executed. If a transaction takes a long time to be confirmed, it can delay the transfer of funds between exchanges and potentially cause a missed arbitrage opportunity. Traders may look for cryptocurrencies with faster confirmation times or use trading bots to automate the arbitrage process and execute trades more quickly.

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