What is the typical number of confirmations required for a Bitcoin transaction?

3 answers

• Nov 30, 2021 · 3 years ago
  Typically, for a Bitcoin transaction to be considered secure, it is recommended to wait for at least 6 confirmations. Each confirmation represents a new block added to the Bitcoin blockchain, and the more confirmations a transaction has, the more secure it becomes. This is because each new block added to the blockchain makes it increasingly difficult for a malicious actor to reverse the transaction. So, waiting for 6 confirmations ensures a high level of security for the transaction.
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• Nov 30, 2021 · 3 years ago
  When it comes to the number of confirmations required for a Bitcoin transaction, it's important to understand that it can vary depending on the level of security you require. While 6 confirmations is generally considered secure, some exchanges and merchants may require more confirmations for larger transactions. It's always a good idea to check with the specific exchange or merchant to see their confirmation requirements.
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• Nov 30, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the typical number of confirmations required for a Bitcoin transaction to be considered secure is 6. This is in line with the industry standard and provides a high level of security for the transaction. However, it's worth noting that some exchanges or merchants may have different confirmation requirements, so it's always a good idea to check with them directly.
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