Topic: How many confirmations until i can re-send the money - page 2. (Read 3336 times)
I can confirm that its possible to send bitcoins to another wallet from electrum without having any confirmation. It only requires 1 confirmation and it will be confirmed on both sides since it might be processed on the same block (as far as i know, correct me if im wrong)
You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.
Yes but then he compromizes the security of the wallet.
Suppost 1 of them goes scammer , the other wallet is still holding, if you expose the private key to both services then you double your risk of theft.
It's not a good idea to mix services just as its not a good idea to use the same password in all websites, its the same logic.
What are you talking about??? Sending a transaction doesn't reveal your private key.
No i was talking about importing your circle private key into blockchain.info, if one of those services goes to be a scam, then it compromizes the private key.
For example if blockchain.info were to go a scam, if you import your circle address there then it would be pretty nasty.
It's like using the same password on all internet websites, if 1 service is fake and scammy then all of it is compronized...
For now both of those wallets are honest, but who knows what the future holds.
Then you read it wrong. He said that he already sent the BTC from Circle to his BCI account. So he doesn't need to import anything at all.
You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.
Yes but then he compromizes the security of the wallet.
Suppost 1 of them goes scammer , the other wallet is still holding, if you expose the private key to both services then you double your risk of theft.
It's not a good idea to mix services just as its not a good idea to use the same password in all websites, its the same logic.
What are you talking about??? Sending a transaction doesn't reveal your private key.
No i was talking about importing your circle private key into blockchain.info, if one of those services goes to be a scam, then it compromizes the private key.
For example if blockchain.info were to go a scam, if you import your circle address there then it would be pretty nasty.
It's like using the same password on all internet websites, if 1 service is fake and scammy then all of it is compronized...
For now both of those wallets are honest, but who knows what the future holds.
You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.
Yes but then he compromizes the security of the wallet.
Suppost 1 of them goes scammer , the other wallet is still holding, if you expose the private key to both services then you double your risk of theft.
It's not a good idea to mix services just as its not a good idea to use the same password in all websites, its the same logic.
What are you talking about??? Sending a transaction doesn't reveal your private key.
You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.
Yes but then he compromizes the security of the wallet.
Suppost 1 of them goes scammer , the other wallet is still holding, if you expose the private key to both services then you double your risk of theft.
It's not a good idea to mix services just as its not a good idea to use the same password in all websites, its the same logic.
You don't need any confirmation, but double spend risk is higher
So, even your client allow you to re-send your money without any confiramtion, it's better wait for a confirmation
But, some people always said 6 confirmation is necessary
So, even your client allow you to re-send your money without any confiramtion, it's better wait for a confirmation
But, some people always said 6 confirmation is necessary
But you are sending those transactions yourself. Whom would you have to trust then?
Or do you mean as the receiving party?
You don't need any confirmation, but double spend risk is higher
So, even your client allow you to re-send your money without any confiramtion, it's better wait for a confirmation
But, some people always said 6 confirmation is necessary
If the transaction do not have any competing transactions on the network and is well propagated with enough fees, the risk of double spending should be negligible. 6 confirmations prevents most attacks but not 51% attacks, you can't be 100% safe with it. So, even your client allow you to re-send your money without any confiramtion, it's better wait for a confirmation
But, some people always said 6 confirmation is necessary
Technically you can spend unconfirmed coins, but some clients does not allow you to use unconfirmed coins. So, it's up to your client. Of course, it is safe to wait for at least one confirmation to be sure.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
QT clients don't allow it. But electrum and mytrezor.com and blockchain.info do.
if you send unconfirmed coins to a certain address i assume it would need 2 confirmations to get 1 confirmation on each address?
As Gisado said, bitcoin allows valid transacitons to be chained and being included in a single block. I think the only limitation is, that all former transaction need to be confirmed in the same block.
Technically you can spend unconfirmed coins, but some clients does not allow you to use unconfirmed coins. So, it's up to your client. Of course, it is safe to wait for at least one confirmation to be sure.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
QT clients don't allow it. But electrum and mytrezor.com and blockchain.info do.
if you send unconfirmed coins to a certain address i assume it would need 2 confirmations to get 1 confirmation on each address?
Technically you can spend unconfirmed coins, but some clients does not allow you to use unconfirmed coins. So, it's up to your client. Of course, it is safe to wait for at least one confirmation to be sure.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
QT clients don't allow it. But electrum and mytrezor.com and blockchain.info do.
if you send unconfirmed coins to a certain address i assume it would need 2 confirmations to get 1 confirmation on each address?
I remember someone using blockchain wallet tried to send some coins with a standard fee and it did not confirm for hours. Later he found out it was due to him spending the uncomformed 1 satoshi spam. This means blockchain wallet can spend uncomfirmed inputs, but that transaction may not confirm.
Technically you can spend unconfirmed coins, but some clients does not allow you to use unconfirmed coins. So, it's up to your client. Of course, it is safe to wait for at least one confirmation to be sure.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
QT clients don't allow it. But electrum and mytrezor.com and blockchain.info do.
you can send the coins to anywhere even without confirmation if it is from blockchain wallet as long as there is enough fee for the transaction, however if the fee is lower than the minimum amount there will be a prompt when you try to send the coins
at times I resend them as soon as its received. I use blockchain as wallet I'm not sure it works on other wallets
Technically you can spend unconfirmed coins, but some clients does not allow you to use unconfirmed coins. So, it's up to your client. Of course, it is safe to wait for at least one confirmation to be sure.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
EDIT: Mycelium does not allow you to spend unconfirmed coins, while Electrum does. Haven't tested core/qt or other clients.
In multibit it's possible after 1 confirmation.
where i can see that 1 confirmation in multibit ? i just see green circle then tick, whether it's 1 confirmation? i had a few days using multibit
The circle turns green gradually with every confirmation.
With one confirmation, you can see a 60 degree pie of the circle turned green.
At 6 confirmations, the circle turns into green tick mark.
In multibit it's possible after 1 confirmation.
Didn't know that. Thanks for the info!
In multibit it's possible after 1 confirmation.
where i can see that 1 confirmation in multibit ? i just see green circle then tick, whether it's 1 confirmation? i had a few days using multibit
Hover over that circle or right click the transaction to see detials.
nah i guess that is one confirmation .. thanks
In multibit it's possible after 1 confirmation.
where i can see that 1 confirmation in multibit ? i just see green circle then tick, whether it's 1 confirmation? i had a few days using multibit
Hover over that circle or right click the transaction to see detials.
In multibit it's possible after 1 confirmation.
where i can see that 1 confirmation in multibit ? i just see green circle then tick, whether it's 1 confirmation? i had a few days using multibit
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