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Title: How many confirmations is enough? Post by: mtgox on July 18, 2010, 01:28:19 AM If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment?
Title: Re: How many confirmations is enough? Post by: ArtemZ on July 18, 2010, 01:32:23 AM At least couple of confirmations. I think its more depends on how long are you gonna wait before you will completely accept payment. Because more confirmations takes more time
Title: Re: How many confirmations is enough? Post by: mtp on July 18, 2010, 03:29:33 AM I believe as a service provider currently considering accepting BTC, 10 confirmations is a valid waiting period for payment acceptance for at least mid-level transactions of less than $50 however if accepting for larger transactions, I would recommend a 20 confirmation minimum.
For transactions less than $10 perhaps a 5 confirmation requirement would be more sane of course. Title: Re: How many confirmations is enough? Post by: coinspoolco on February 25, 2014, 04:44:22 PM And this is how MtGox started.
Title: Re: How many confirmations is enough? Post by: JustAnotherSheep on February 25, 2014, 06:37:27 PM And this is how MtGox started. lol :DPosting for posterity! Title: Re: How many confirmations is enough? Post by: IIOII on February 25, 2014, 07:24:21 PM Posting in epic thread.
Title: Re: How many confirmations is enough? Post by: BetWithCoins on February 26, 2014, 12:49:53 AM Haha, great find!
Title: Re: How many confirmations is enough? Post by: Andrew717 on February 26, 2014, 01:15:32 AM If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment? Apparently you should've waited a few more. Title: Re: How many confirmations is enough? Post by: cr1776 on February 26, 2014, 01:42:20 AM If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment? Apparently you should've waited a few more. If MtGox is going to rely on the tx id alone, it seems the number of confirmations that is enough to accept the payment is infinite. :-) Title: Re: How many confirmations is enough? Post by: soullyG on February 26, 2014, 10:45:46 AM I'll just leave this here ;D
https://i.imgur.com/xMeW43a.jpg (https://i.imgur.com/xMeW43a.jpg) Title: Re: How many confirmations is enough? Post by: thenoblebot on February 26, 2014, 11:13:02 AM I'll just leave this here ;D https://i.imgur.com/xMeW43a.jpg (https://i.imgur.com/xMeW43a.jpg) +1 Title: Re: How many confirmations is enough? Post by: TrailingComet on February 26, 2014, 12:00:57 PM 1 is enough in my view
6 is a banker Title: Re: How many confirmations is enough? Post by: whatsthestory on February 27, 2014, 07:40:30 AM If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment? A few confirmation is needed. If it will need more than a few well you shouldn't worry just wait a little. Title: Re: How many confirmations is enough? Post by: DannyHamilton on February 27, 2014, 10:29:01 PM So many trolls in this thread. I think I'm going to use this thread as a way to decide who to mark "ignore". If they are giving advice here, they are either a troll or clueless. Either way I don't value anything else they have to say.
Note: You all realize that you are commenting in a thread from 2010 and giving advice to the now defunct MtGox, right? ??? Title: Re: How many confirmations is enough? Post by: cr1776 on February 27, 2014, 10:37:55 PM So many trolls in this thread. I think I'm going to use this thread as a way to decide who to mark "ignore". If they are giving advice here, they are either a troll or clueless. Either way I don't value anything else they have to say. Note: You all realize that you are commenting in a thread from 2010 and giving advice to the now defunct MtGox, right? ??? There were a lot of people missing the point. Hence my comment above. :-) Title: Re: How many confirmations is enough? Post by: bitjoint on February 28, 2014, 12:52:12 AM If I'm taking bitcoins as payment on my website how many confirmations should I wait for before accepting the payment? Hi, I come from the future to tell you that 0 weren't enough. You screwed up... |