Cryptocurrency Q&A
How many confirmations are needed for Bitcoin?
How many confirmations are needed for Bitcoin?
Maria
Tue Dec 03 2024
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5 answers
1139
I'm trying to understand the number of confirmations required for a Bitcoin transaction to be considered valid and secure. I've heard about the concept of confirmations but I'm not sure exactly how many are typically needed.
5 answers
Alessandro
Thu Dec 05 2024
This number of confirmations is widely accepted within the Bitcoin community as sufficient for ensuring the transaction's validity.
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Tommaso
Thu Dec 05 2024
On the other hand, Ethereum transactions have a different threshold. They are typically considered secure after approximately 30 confirmations.
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ZenBalance
Thu Dec 05 2024
This difference arises due to the inherent characteristics and consensus mechanisms of these two cryptocurrencies.
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KatanaSharp
Thu Dec 05 2024
Various cryptocurrencies have distinct requirements regarding the number of confirmations needed to deem a transaction as final.
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Maria
Thu Dec 05 2024
For Bitcoin, the standard practice is to consider a transaction secure after it has received six confirmations.
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