Confirmations are required to avoid the risks of double-spending. Funds aren’t credited until a certain number of confirmations are received. The more confirmations received, the more permanent/irreversible the transaction is.
LCX AG is a company registered in Liechtenstein No. FL-0002.580.678-2. LCX AG is regulated by the Financial Market Authority of Liechtenstein under the registration No. 288159 as a trusted technology service provider.