How many confirmation I need get? | Bitcointalksearch.org

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: Pencil Pastel on April 09, 2017, 11:28:46 AM

1 is enough. It is very safe. Once 1 confirmation happens then all the rest will follow that is how it works.

After first confirmation we could have confirm that we will reach the bitcoin to our wallet in next few minutes. Some of the transaction needs 6 confirmations to complete the trade but some transaction will be completed with 3 confirmations. miners hashing power always play main role to transact the bitcoins as its pass via blocks.

jaceefrost

hero member

Activity: 826

Merit: 1001

Quote from: Fushi on April 08, 2017, 02:28:34 PM

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

1 is enough to be able to spend the btc in your wallet. However the time you need to ait for a transaction differs depends on how much fee you put in it and how fast transactions are being confirmed in the network. There are some cases where the blockchain takes longer than usual but if you pay atleast enough fee it will get confirmed in less than 30 mins.

Pencil Pastel

newbie

Activity: 19

Merit: 0

1 is enough. It is very safe. Once 1 confirmation happens then all the rest will follow that is how it works.

swogerino

legendary

Activity: 3136

Merit: 1233

Leading Crypto Sports Betting & Casino Platform

It depends on the wallet you use. For electrum wallet 1 confirmation is enough to let you spend coins. If you are receiving the coins you should wait for 2-4 confirmations before sending the goods or digital goods.

Mr.Pro

sr. member

Activity: 644

Merit: 251

Quote from: DigitalItems on April 09, 2017, 06:25:19 AM

Quote from: n0ne on April 09, 2017, 05:06:25 AM

Quote from: BitcoinMarshal on April 08, 2017, 02:31:08 PM

Quote from: Fushi on April 08, 2017, 02:28:34 PM

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem

A minimum of 3 confirmation is a must to use it further, else it gets listed under the unconfirmed transaction list. For a single transaction you get hundreds of confirmations in a very small time.

But 1 Confirmation should be secure enough it will be very hard if not impossible to double spend if 1 confirmation is done!

I agree, 1 is quite enough but if you're running an exchange website 2 - 3 confirmation would be a good thing for security precaution

DigitalItems

newbie

Activity: 12

Merit: 0

Quote from: n0ne on April 09, 2017, 05:06:25 AM

Quote from: BitcoinMarshal on April 08, 2017, 02:31:08 PM

Quote from: Fushi on April 08, 2017, 02:28:34 PM

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem

A minimum of 3 confirmation is a must to use it further, else it gets listed under the unconfirmed transaction list. For a single transaction you get hundreds of confirmations in a very small time.

But 1 Confirmation should be secure enough it will be very hard if not impossible to double spend if 1 confirmation is done!

n0ne

hero member

Activity: 2492

Merit: 548

8ombard - Pick, Play, Prosper!

Quote from: BitcoinMarshal on April 08, 2017, 02:31:08 PM

Quote from: Fushi on April 08, 2017, 02:28:34 PM

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem

A minimum of 3 confirmation is a must to use it further, else it gets listed under the unconfirmed transaction list. For a single transaction you get hundreds of confirmations in a very small time.

Kakumei

full member

Activity: 210

Merit: 100

UTRUST Community Manager

It depends on where you transacted it to. Usually some sites even allow you to use your bitcoins at 0 confirmation ( early confirmation) and most would require at least 1 confirmations.

Mihaylovic

sr. member

Activity: 910

Merit: 255

It depends... Depends on your wallet, if you are transfering to an exchange site depends on site. Mostly 3 will be enough.

Coinster

full member

Activity: 222

Merit: 101

Quote from: Fushi on April 08, 2017, 02:28:34 PM

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

You don't need any confirmations to spend a transaction to somewhere else. Some wallets will not let you do this but some will. The Bitcoin network doesn't require confirmations to spend coins. However, transactions made based on previous transactions which haven't confirmed will also not be able to confirm.

If you want to know how many confirmations you need before considering the coins safely yours the more the better, but 6 is safe under most circumstances and always get at least 1.

Fushi

full member

Activity: 360

Merit: 100

Quote from: BitcoinMarshal on April 08, 2017, 02:31:08 PM

Quote from: Fushi on April 08, 2017, 02:28:34 PM

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem

Thanks.

BitcoinMarshal

hero member

Activity: 756

Merit: 504

Quote from: Fushi on April 08, 2017, 02:28:34 PM

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem

Fushi

full member

Activity: 360

Merit: 100

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

Topic: How many confirmation I need get? (Read 1087 times)