Cryptocurrency Q&A
How many confirmations for Bitcoin?
How many confirmations for Bitcoin?
Arianna
Sat Dec 21 2024
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6 answers
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I'm trying to understand the number of confirmations required for a Bitcoin transaction to be considered valid. I've heard about confirmations, but I'm not sure exactly how many are typically needed.
6 answers
Nicola
Mon Dec 23 2024
Bitcoin, for instance, typically requires six confirmations before a transaction is considered secure.
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ChristopherWilson
Mon Dec 23 2024
This number of confirmations helps ensure that the transaction has been verified and added to the blockchain network.
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GyeongjuGrace
Mon Dec 23 2024
On the other hand, Ethereum transactions usually need around 30 confirmations for similar security assurances.
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Michele
Mon Dec 23 2024
The difference in confirmation requirements highlights the distinct consensus mechanisms and security protocols of each cryptocurrency.
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DigitalDragonfly
Mon Dec 23 2024
Various cryptocurrencies demand differing amounts of confirmations for a transaction to be deemed final.
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