Cryptocurrency Q&A
Is 1 confirmation enough for Bitcoin?
Is 1 confirmation enough for Bitcoin?
RobertJohnson
Tue Dec 17 2024
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5 answers
899
I'm wondering if having just 1 confirmation is sufficient for a Bitcoin transaction. I know it involves blockchain technology and I want to make sure my transaction is secure and won't be reversed or double-spent.
5 answers
Ilaria
Thu Dec 19 2024
Smaller transactions, typically below $1,000, usually require only one confirmation to be considered secure.
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DigitalTreasureHunter
Thu Dec 19 2024
For transactions ranging up to $1,000, three confirmations are generally recommended for added safety.
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Federico
Thu Dec 19 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet solutions. Its wallet service also adheres to these confirmation standards.
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DondaejiDelightfulCharmingSmileJoy
Thu Dec 19 2024
Bitcoin wallets often have specific requirements for transaction confirmations.
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Alessandra
Thu Dec 19 2024
For many wallets, transactions are not processed until they have been confirmed at least three times.
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