Author

Topic: How many confirmations is enough? (Read 13082 times)

sr. member
Activity: 333
Merit: 250
Commander of the Hodl Legions
February 27, 2014, 07:52:12 PM
#16
If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?

Hi, I come from the future to tell you that 0 weren't enough. You screwed up...
legendary
Activity: 3080
Merit: 1182
February 27, 2014, 05:37:55 PM
#15
So many trolls in this thread.  I think I'm going to use this thread as a way to decide who to mark "ignore".  If they are giving advice here, they are either a troll or clueless.  Either way I don't value anything else they have to say.

Note:  You all realize that you are commenting in a thread from 2010 and giving advice to the now defunct MtGox, right?  Huh

There were a lot of people missing the point. Hence my comment above. :-)
legendary
Activity: 2562
Merit: 2243
February 27, 2014, 05:29:01 PM
#14
So many trolls in this thread.  I think I'm going to use this thread as a way to decide who to mark "ignore".  If they are giving advice here, they are either a troll or clueless.  Either way I don't value anything else they have to say.

Note:  You all realize that you are commenting in a thread from 2010 and giving advice to the now defunct MtGox, right?  Huh
newbie
Activity: 54
Merit: 0
February 27, 2014, 02:40:30 AM
#13
If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?

A few confirmation is needed. If it will need more than a few well you shouldn't worry just wait a little.
sr. member
Activity: 462
Merit: 250
February 26, 2014, 07:00:57 AM
#12
1 is enough in my view

6 is a banker
sr. member
Activity: 364
Merit: 252
hero member
Activity: 1010
Merit: 720
Decentralize everything
February 26, 2014, 05:45:46 AM
#10
I'll just leave this here Grin

https://i.imgur.com/xMeW43a.jpg
legendary
Activity: 3080
Merit: 1182
February 25, 2014, 08:42:20 PM
#9
If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?

Apparently you should've waited a few more.

If MtGox is going to rely on the tx id alone, it seems the number of confirmations that is enough to accept the payment is infinite.

:-)
member
Activity: 60
Merit: 10
February 25, 2014, 08:15:32 PM
#8
If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?

Apparently you should've waited a few more.
newbie
Activity: 44
Merit: 0
February 25, 2014, 07:49:53 PM
#7
Haha, great find!
legendary
Activity: 1154
Merit: 1012
February 25, 2014, 02:24:21 PM
#6
Posting in epic thread.
full member
Activity: 239
Merit: 100
February 25, 2014, 01:37:27 PM
#5
And this is how MtGox started.
lol Cheesy

Posting for posterity!
newbie
Activity: 47
Merit: 0
February 25, 2014, 11:44:22 AM
#4
And this is how MtGox started.
mtp
newbie
Activity: 7
Merit: 0
July 17, 2010, 10:29:33 PM
#3
I believe as a service provider currently considering accepting BTC, 10 confirmations is a valid waiting period for payment acceptance for at least mid-level transactions of less than $50 however if accepting for larger transactions, I would recommend a 20 confirmation minimum.

For transactions less than $10 perhaps a 5 confirmation requirement would be more sane of course.
newbie
Activity: 26
Merit: 0
July 17, 2010, 08:32:23 PM
#2
At least couple of confirmations. I think its more depends on how long are you gonna wait before you will completely accept payment. Because more confirmations takes more time
full member
Activity: 185
Merit: 102
July 17, 2010, 08:28:19 PM
#1
If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?
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