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February 07, 2016, 05:59:15 AM |
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Assuming I send someone bitcoins for something. At what point do they confirm and send me the other funds. I know when i sent bitcoins to different sites, it takes a bit because certain sites require 3 confirmations... other sites a few more etc.
But once the bitcoin is sent to someone, and they receive the bitcoin but it has no confirmations yet, are they suppose to send the other funds? Or they are suppose to wait for 1 confirmation, 2 or 3 etc.
Once you send another person bitcoins, a person should receive it pretty quickly right? And once they receive it even though it says unconfirmed, they are suppose to release the bitcoins? Asking this because a while back i traded with someone not here on this forum where i sent them bitcoin... once they received it, they sent me poker funds right afterwards. I'm pretty sure after i sent the bitcoin, they confirmed receiving the bitcoins pretty quickly. But i also want to know if i were to receive bitcoin and give someone else some other funds, at what point do i release the other funds when i receive their bitcoin? The moment it says bitcoin received to my electrum wallet? Or i have to wait for confirmations? So when someone send bitcoin and i haven't received it yet... my electrum won't say bitcoin received right? And when i have electrum opened and i receive the bitcoin, how many confirmations will it show? Been a while since i sent someone bitcoins and dont really recall it that well.
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