Topic: Buy btc with cash (Read 686 times)
Do a personal transactions when you buy btc with cash and it can be done wallet scan of qr code of the person whose willing to sell his btc. Cash options is a very safe deals with bitcoin and I don't think there's a possible scam that will happen on that. Be sure to deal only from crypto orientated person.
it might be better to wait for 2-3 confirmations and ensure that btc has entered your wallet. I think this can be a convincing thing if indeed BTTC is in your hands
and what if the state has not yet implemented cryptocurrency, and in some cases there are real bans on the use of Bitcoin? It seems to me that you need to conduct a Bitcoin purchase using online resources, where it is hard to trace your activity using cryptocurrency.
2-3 confirmations would be enough not to worry about your funds but to buy BTC with $65k cash is too risky.
It is better to choose localbitcoins and buy a much smaller amount of Bitcoin at once.
It is better to choose localbitcoins and buy a much smaller amount of Bitcoin at once.
It isn't risky, just do it at a local police station or at a bank. They let people come in and do big cash deals like this all the time. They will even check and make sure the money isn't counterfeit for you. Police are paid with tax dollars to serve the public while banks will do this to help bring you in as a new customer.
Well im putting down 65000$ so kinda worried 
lol that’s kind of big amount so being worried is part of the story I guess 😂😂😂But hope you had already received the bitcoin by now and also maybe you can lock this thread since your questions had been answered .so the spamming will Be prevented on this side
If you want to buy btc with cash it is better to find first a local wallet that could provide you an option to buy bitcoin directly to the application. It is fast and reliable for you to find this type of wallet or trading application for you to avoid scam.
Yeah but I think is late to tell since the post was created month ago mate,but I support your suggestion since this is one of the most helpful from other advices There was one time where I had to wait almost 2 hours for a transaction to confirm just once before me and the buyer/seller could part ways. It wasn't a back log or anything it was just luck where prior to the meet blocks were found quicker and then after the meet the blocks took longer to find.
It's impossible to time hashrate shifts causing block times to slow down, but I have to say that while it's not entirely uncommon, it doesn't happen very often that there aren't any blocks found for 2 hours.In all my years here I have never had to wait for 2 hours to see a block come through for my transactions. In general, some times you get like 3 confirmations in 10 minutes, and some times no confirmation in 50-60 minutes. Luck is definitely a factor.
This is the only issue you might encounter, but 1 confirmation is enough as long as you are trading BTC and not some coins with less hashpower and might be prone to 51% attacks, but even those are rare these days to happen. So you should be safe.
I wouldn't say 51% attack on low hashrate altcoins are rare. There is a lot happening in the altcoin space that news outlets don't pick up, but that doesn't mean that it doesn't happen. 
It's hard to find legit seller of btc using cash payments, but if someone will refer a person make sure to gather complete information to who your dealt with. Cash buying of btc is good only for meet up transactions, but if you wanted to do it digitally there's a lot of local money remittances that you could easily deposit cash transactions. Use a legit online wallet to store cash which you're going for buying btc at exchanges.
I remember years ago before Bitcoin ATMs and before Bitcoin exchanges like Coinbase the only way to buy and sell BTC was locally.
The issue I had was that even though fees were very low, and you only had to include a 10000 Satoshi fee which was like 5 cents back then. There was no gaurantee that the next block would be found in the next 10 minutes.
There was one time where I had to wait almost 2 hours for a transaction to confirm just once before me and the buyer/seller could part ways. It wasn't a back log or anything it was just luck where prior to the meet blocks were found quicker and then after the meet the blocks took longer to find.
This is the only issue you might encounter, but 1 confirmation is enough as long as you are trading BTC and not some coins with less hashpower and might be prone to 51% attacks, but even those are rare these days to happen. So you should be safe.
The issue I had was that even though fees were very low, and you only had to include a 10000 Satoshi fee which was like 5 cents back then. There was no gaurantee that the next block would be found in the next 10 minutes.
There was one time where I had to wait almost 2 hours for a transaction to confirm just once before me and the buyer/seller could part ways. It wasn't a back log or anything it was just luck where prior to the meet blocks were found quicker and then after the meet the blocks took longer to find.
This is the only issue you might encounter, but 1 confirmation is enough as long as you are trading BTC and not some coins with less hashpower and might be prone to 51% attacks, but even those are rare these days to happen. So you should be safe.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I am not sure there is any option for cancel in payment transaction
It was even a risk on the part of the sender or now receiving cash first before sending BTC, most exchanges whether locally or through their online platform would collect their money first and be sure that the fiat equivalent of what the receiver is requesting for is accurate before sending the money, I guess sender just did this in order to win him to his side.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
if you don't want to invest your time without the help of banks then you can definitely buy the Bitcoin for your currency using local traders or local seller of Bitcoin but I cannot completely say it will be a safe methodIs this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Digital money should be better bought online, not with cash. First, it is extremely difficult to find someone who is ready to sell his Bitcoin to a stranger, secondly, the exchanges rates can be better.
2-3 confirmations would be enough not to worry about your funds but to buy BTC with $65k cash is too risky.
It is better to choose localbitcoins and buy a much smaller amount of Bitcoin at once.
It is better to choose localbitcoins and buy a much smaller amount of Bitcoin at once.
If you want to buy btc with cash it is better to find first a local wallet that could provide you an option to buy bitcoin directly to the application. It is fast and reliable for you to find this type of wallet or trading application for you to avoid scam.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I am not sure there is any option for cancel in payment transaction
Once BTC is sent to blockchain, it is veey hard to retrieve it back.
At some point of time it's completely impossible to get back the bitcoins sent to blockchain.
So it's fine when it gets around 1 confirmation.
But to be on safer hand, i can recommend you to use localbitcoins.com to buy bitcoins.
It's really easy and the support also very good to helo you out in trouble issues.
At some point of time it's completely impossible to get back the bitcoins sent to blockchain.
So it's fine when it gets around 1 confirmation.
But to be on safer hand, i can recommend you to use localbitcoins.com to buy bitcoins.
It's really easy and the support also very good to helo you out in trouble issues.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
To be safe you need to wait to get 1 confirmation first, because the transaction might fail and the funds return to the seller if you Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
haven't received a confirmation, make sure that there is an entry funds in your wallet first.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I think you can buy the Bitcoin using the local method to exchange your money and Bitcoin directly without any bank or wallets and it will be also used by lots of people but we need to be careful in all the time. Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
if you don't want to invest your time without the help of banks then you can definitely buy the Bitcoin for your currency using local traders or local seller of Bitcoin but I cannot completely say it will be a safe method Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Depends on it, I think 1 confirmation is fairly early to say it's safe because the transaction might fail. It's better to take the safest point than to lose your money, at least more than 1 confirmation. Usually I receive in 3-7 confirmations in several exchanges that I use.
You should ask for the Transaction ID(TXID). By that you can make sure that the BTC was sent on your BTC address. And you can also confirm it by that.
In buying bitcoin, you should try more buying face to face. You should try meeting up so that the scam rate will be lowered.
In buying bitcoin, you should try more buying face to face. You should try meeting up so that the scam rate will be lowered.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
In my opinion, one confirmation should be enough for you to trust the person that want to sell Bitcoin to you. If the seller is not in a hurry for other activities he or she should wait until the transaction is confirmed before he leaves. If I may ask do it there is no local crypto currency exchange in your locality like Remitano which serve as escrow that you can patronise and have your peace any time any day. Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Yeah, it's possible to buy cryptos without banks. But it's very dangerous as there is a high probability that the dealer will just fool you and take your money. Cryptocurrency exchanges like cex are safer in this regard, and you can buy Bitcoins there with your cards, https://cex.io/buy-bitcoins, or bank transfer.
I think you need to be careful especially if you buy btc in large quantities. I suggest waiting for 2 confirmations
You should better avoid these suspicious deals. Yes, you can be offered more than you get on an exchanger but will be you given the guarantees that everything will be honest? Stay away from these things.
I think you need to be careful especially if you buy btc in large quantities. I suggest waiting for 2 confirmations
You should better avoid these suspicious deals. Yes, you can be offered more than you get on an exchanger but will be you given the guarantees that everything will be honest? Stay away from these things.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I would say 1 confirmation is more than enough but if you really want to make sure just check out your own wallet and see the money there. If you see the money on your own wallet then there is no need to wait, some wallets accept 1 confirmation but there are plenty of them that wait until 6 confirmations which may take a lot of time but if the seller spends a decent amount of transaction fee then it shouldn't take more than couple hours at most and in which case you can have like a lunch or dinner or whatever together and talk about bitcoin. So, the short version is yes 1 confirmation is enough the long version is wait until you have the coins in your wallet to spend (which could be as much as 6 confirmations). It all depends on how much you trust your wallet and the seller. Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Where I live there are local exchangers that you can sell or buy Bitcoin from, as well as Ethereum and Litecoin. Whenever I'm selling BTC to them, they don't even need any confirmation, I just send it and they check the address on blockchain and then give me cash or do a bank transfer. Same thing applies to when I'm buying BTC from them, I don't even wait for any confirmation, I just check address and that's it, within few minutes it will be confirmed and most of them times they make use priority fees to send it so they it will be confirmed within few minutes, it only takes long to confirm when they make use of regular fees, like one hour.
Good for you so you wont need to worry about those long time wait, things is much quicker if you will pay those miners fee for quick transactionsmaybe for this kind of transactions as its concerned about huge amount, paying the miners fee will add some confidence to received your purchased coins much faster.
Where I live there are local exchangers that you can sell or buy Bitcoin from, as well as Ethereum and Litecoin. Whenever I'm selling BTC to them, they don't even need any confirmation, I just send it and they check the address on blockchain and then give me cash or do a bank transfer. Same thing applies to when I'm buying BTC from them, I don't even wait for any confirmation, I just check address and that's it, within few minutes it will be confirmed and most of them times they make use priority fees to send it so they it will be confirmed within few minutes, it only takes long to confirm when they make use of regular fees, like one hour.
Well im putting down 65000$ so kinda worried
That is a lot of money so I understand why you are really cautious over the sale. What I know is that just one confirmation is enough for the transaction to be completed but exchanges usually wait for more before you can do something with your bitcoin. Just like what others are saying here, transacting with that big amount of money can be so risky but then if it went through then it is okay.
I do exchange when it has huge of assurances in return, because exchanging is too risky and have to be aware the consequence in order to evade from loses. It usually used by many who has lack of fund in btc , so I think exchange is liable way to abrupt btc appropriably.
Usually my exchanges would require at least 3 confirmation before they will credit my deposits, so maybe don't just settle in one confirmation, more confirmation is more safer and actually it don't require a lot of time as once transaction is already confirm, the waiting time will be lowered.
Well im putting down 65000$ so kinda worried
That is a lot of money so I understand why you are really cautious over the sale. What I know is that just one confirmation is enough for the transaction to be completed but exchanges usually wait for more before you can do something with your bitcoin. Just like what others are saying here, transacting with that big amount of money can be so risky but then if it went through then it is okay.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I did not buy bitcoin when I want to invest. I got my bitcoin in participating bounty campaigns which gave me some of my sources. I don't want to buy becauss that is my motto. I will never in cash cryptocurrency but instead I will always withdraw money. Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Thanx guys for the advice, i prefer to wait 2 confirmations . And do small trades first like 1/6 then meet another time during the day
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
There are some places that started selling "bitcoin cards" if I am not wrong, they are on some sort of grocery store type places in our country (think of wallmart as a global example) and right on the cashier place there is bitcoin cards just like apple store cards and psn store cards, that seems like a great way to buy bitcoin.Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I don't know how they do it and I don't know how it works since I haven't bought it and since the price of bitcoin keeps changing all the time I am not sure how much they are willing to sell it for since if the price goes up they would profit more from just keeping those cards but in the end those type of products will make sure you are making a profit. Bitcoin atm and localbitcoin is still the clear favorites of course in this scenario.
I think you just redeem the card on their website and whatever the price is at the time of redemption is the conversion rate that you receive.
Bitcoin is definitely critical to buy in any situation but if you have the cash in your hands you can definitely by without help and you can directly buy Bitcoin using Your Hands by the contact so it will be definitely is there for everyone who had no bank accounts are wallets very quickly.
with just one confirmation, in my opinion it's enough if indeed the fees entered are not too low, besides i think there are local exchanges that will make it easier for you to buy btc which of course you will feel comfortable and not too worried about transactions that are not confirmed
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
There are some places that started selling "bitcoin cards" if I am not wrong, they are on some sort of grocery store type places in our country (think of wallmart as a global example) and right on the cashier place there is bitcoin cards just like apple store cards and psn store cards, that seems like a great way to buy bitcoin.Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I don't know how they do it and I don't know how it works since I haven't bought it and since the price of bitcoin keeps changing all the time I am not sure how much they are willing to sell it for since if the price goes up they would profit more from just keeping those cards but in the end those type of products will make sure you are making a profit. Bitcoin atm and localbitcoin is still the clear favorites of course in this scenario.
I think you need to be careful especially if you buy btc in large quantities. I suggest waiting for 2 confirmations
Stale blocks are somewhat of a risk though, so there is no absoluteness when your transaction has only 1 confirmation. If the transaction value is on the lower side, there isn't much to worry about, but when you're dealing with large value transfers, definitely make sure to pocket that second confirmation before you walk away.
So it is possible to get our transactions get cancelled even after we see one confirmation on the blockchain network?I thought it was impossible to cancel the transactions once it got a single confirmation.
I don't see news or articles about people being robbed in Bitcoin transactions very often, but that risk is always present.
Last year there was a flood wave of news articles about people who got robbed off their coins or cash. I'm sure that most cases don't even make it to the news because the amounts concerned are too small. Don't forget, the higher the price is, the more incentive criminals have to chase after local buyers and sellers of coins. Risk increases day by day.I think 1 confirmation is enough to say that your Bitcoin is coming to your wallet, there will be no cancellation since it's already approved and put to the chain. You just need to wait miners to confirm your transactions and then your will received it on your wallet.
Stale blocks are somewhat of a risk though, so there is no absoluteness when your transaction has only 1 confirmation. If the transaction value is on the lower side, there isn't much to worry about, but when you're dealing with large value transfers, definitely make sure to pocket that second confirmation before you walk away. I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
yes, it's better to be patient to wait for 2 confirmations, because after 1 confirmation after that the transaction cannot be canceled. currently there are many types of local exchanges that accept payments using debit cards and this of course can make it easier to make bitcoin purchases using cash from a local bank account that you have
2-3 confirmation would be enough since it's necessary for securing your transaction. There are merchants who accepts cash to in exchange of Btc. This is bringing a lot of convenience for those who want to purchase bitcoin using their fiat. Sometimes you would only be doing it once. When you got your profit out of your online funds, you could purchase coins through your btc.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I think 1 confirmation is enough to say that your Bitcoin is coming to your wallet, there will be no cancellation since it's already approved and put to the chain. You just need to wait miners to confirm your transactions and then your will received it on your wallet.Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
But becareful, there are a lot of scammers. You need to check their background and history. It's better to use local exchange or use escrow with good reputation, instead to buy from personal seller.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
yes it is also possible to buy Bitcoin normally without any bank accounts and I don't think it is trusted but if you don't have any other way then you can really use this way to change your money into Bitcoin Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
There are exchanges who accept payments via debit cards so I guess that would be better. But if you're more comfortable transacting through that, then it's fine as well. As long as you'll have the guarantee and assurance that you wouldn't put your funds at risk.
Many of the money remittance center these days were accepting cash payment cash in which can be used in buying digital currency directly deposited to you online local wallet site. That wouldn't be a problem these days, because the modern days was slowly adopting compatible ways of merging physical money into cryptocurrency easy ways of transactions. You can buy transact your preferred way of doing at your own freedom, so just explore and learn many developments in the near future.
I'd also suggest buying in smaller quantities if you're planning on buying that much bitcoin; alternatively it might just be a good idea to buy coins off an exchange if possible so you're not exposed to the risk of being robbed or something of the sort buying coins IRL. I don't see news or articles about people being robbed in Bitcoin transactions very often, but that risk is always present.
Might also be good to check the feedback or reviews that the buy has if applicable to get an idea of whether or not the guy you're trying to buy from is legit. One confirmation's just fine most of the time.
Might also be good to check the feedback or reviews that the buy has if applicable to get an idea of whether or not the guy you're trying to buy from is legit. One confirmation's just fine most of the time.
There are exchanges who accept payments via debit cards so I guess that would be better. But if you're more comfortable transacting through that, then it's fine as well. As long as you'll have the guarantee and assurance that you wouldn't put your funds at risk.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Well im putting down 65000$ so kinda worried
$65,000 cash? I wouldn't transact with that much cash at once! People have been robbed at gunpoint in Bitcoin cash deals for much less. I would never meet a stranger who knows I'm carrying that much cash. It doesn't matter if you try to meet them in public.....they could just follow you and then rob you.
I was going to say: do it in a public place like a Starbucks, cash on table, 1 confirmation is fine. But I would never risk more than $3-4K in a deal like this. The more cash you announce you are holding, the more you are tempting people to rob you.
I would do a few smaller deals and build up some trust with this seller before putting that much cash on the table.
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
it depends on your situation and this type of methods are also available lots of investors so if you had the hope with your move then you can definitely doing the things properly and if you have doubt then wait for sometimes and make the confirmation again. Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
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In this case I will suggest you to use coinbase where you can sent or receive crypto [ which are supported already] Instantly in a second by email. but if your deal amount will big then you can ignore it because sometime I heard coinbase big amount issue happened.
On the other hand I suggest you to wait for more than 2 confirmations before sending cash. Thanks.
On the other hand I suggest you to wait for more than 2 confirmations before sending cash. Thanks.
Well im putting down 65000$ so kinda worried
Thanx 3 confirmation enough?
As far as I know it is impossible to cancel or reverse the bitcoin transactions once it gets confirmed and fort that even one confirmation is enough so no need to worry about the number of confirmations.I think so too, once a confirmation is done it means transaction has been processed and in fact, you can see the amount of coins sent already. So I don't think cancellation is possible then.
Thanx 3 confirmation enough?
As far as I know it is impossible to cancel or reverse the bitcoin transactions once it gets confirmed and fort that even one confirmation is enough so no need to worry about the number of confirmations.I think so too, once a confirmation is done it means transaction has been processed and in fact, you can see the amount of coins sent already. So I don't think cancellation is possible then.
It really depends on the amount you're trading, If it's a small amount then sure otherwise, waiting for more confirmation is suggested. Read these posts for a better understanding[1][2][3].
[1] https://bitcointalksearch.org/topic/is-1-confirmation-enough-to-prevent-double-spend-2038365
[2] https://www.reddit.com/r/Bitcoin/comments/7j2gp2/whats_the_difference_between_1_confirmation_and_6/
[3] https://www.reddit.com/r/btc/comments/7zsas0/is_one_confirmation_good_enough/
[1] https://bitcointalksearch.org/topic/is-1-confirmation-enough-to-prevent-double-spend-2038365
[2] https://www.reddit.com/r/Bitcoin/comments/7j2gp2/whats_the_difference_between_1_confirmation_and_6/
[3] https://www.reddit.com/r/btc/comments/7zsas0/is_one_confirmation_good_enough/
Thanx 3 confirmation enough?
Thanx 3 confirmation enough?
As far as I know it is impossible to cancel or reverse the bitcoin transactions once it gets confirmed and fort that even one confirmation is enough so no need to worry about the number of confirmations. It really depends on the amount you're trading, If it's a small amount then sure otherwise, waiting for more confirmation is suggested. Read these posts for a better understanding[1][2][3].
[1] https://bitcointalksearch.org/topic/is-1-confirmation-enough-to-prevent-double-spend-2038365
[2] https://www.reddit.com/r/Bitcoin/comments/7j2gp2/whats_the_difference_between_1_confirmation_and_6/
[3] https://www.reddit.com/r/btc/comments/7zsas0/is_one_confirmation_good_enough/
[1] https://bitcointalksearch.org/topic/is-1-confirmation-enough-to-prevent-double-spend-2038365
[2] https://www.reddit.com/r/Bitcoin/comments/7j2gp2/whats_the_difference_between_1_confirmation_and_6/
[3] https://www.reddit.com/r/btc/comments/7zsas0/is_one_confirmation_good_enough/
Thanx 3 confirmation enough?
It really depends on the amount you're trading, If it's a small amount then sure otherwise, waiting for more confirmation is suggested. Read these posts for a better understanding[1][2][3].
[1] https://bitcointalksearch.org/topic/is-1-confirmation-enough-to-prevent-double-spend-2038365
[2] https://www.reddit.com/r/Bitcoin/comments/7j2gp2/whats_the_difference_between_1_confirmation_and_6/
[3] https://www.reddit.com/r/btc/comments/7zsas0/is_one_confirmation_good_enough/
[1] https://bitcointalksearch.org/topic/is-1-confirmation-enough-to-prevent-double-spend-2038365
[2] https://www.reddit.com/r/Bitcoin/comments/7j2gp2/whats_the_difference_between_1_confirmation_and_6/
[3] https://www.reddit.com/r/btc/comments/7zsas0/is_one_confirmation_good_enough/
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I think you should trade through some e-wallets that are supporting BTC. or if you do not have an account in those e-wallets, go to the Huobi OTC. they have support for traders on BTC trading and big altcoins. Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
I want to buy some BTC with cash locally, the seller i found says : "send BTC to your wallet. After 1 confirmation On blockchain, collector takes from the table cash."
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
Is this enough to be sure i will receive the bitcoin sold me? Or its better to wait for 2 confirmations?
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