Bitcoin Forum
October 07, 2024, 07:17:23 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How many confirmation I need get?  (Read 1107 times)
Fushi (OP)
Full Member
***
Offline Offline

Activity: 360
Merit: 100


View Profile
April 08, 2017, 06:28:34 PM
 #1

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?
BitcoinMarshal
Hero Member
*****
Offline Offline

Activity: 756
Merit: 504



View Profile
April 08, 2017, 06:31:08 PM
 #2

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?
Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem
Fushi (OP)
Full Member
***
Offline Offline

Activity: 360
Merit: 100


View Profile
April 08, 2017, 06:34:58 PM
 #3

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?
Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem
Thanks.
Coinster
Full Member
***
Offline Offline

Activity: 222
Merit: 101


View Profile
April 08, 2017, 06:51:08 PM
 #4

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?

You don't need any confirmations to spend a transaction to somewhere else. Some wallets will not let you do this but some will. The Bitcoin network doesn't require confirmations to spend coins. However, transactions made based on previous transactions which haven't confirmed will also not be able to confirm.

If you want to know how many confirmations you need before considering the coins safely yours the more the better, but 6 is safe under most circumstances and always get at least 1.
Mihaylovic
Sr. Member
****
Offline Offline

Activity: 910
Merit: 255


View Profile
April 09, 2017, 06:22:43 AM
 #5

It depends... Depends on your wallet, if you are transfering to an exchange site depends on site. Mostly 3 will be enough.
Kakumei
Full Member
***
Offline Offline

Activity: 210
Merit: 100

UTRUST Community Manager


View Profile
April 09, 2017, 06:26:08 AM
 #6

It depends on where you transacted it to. Usually some sites even allow you to use your bitcoins at 0 confirmation ( early confirmation) and most would require at least 1 confirmations.
n0ne
Hero Member
*****
Offline Offline

Activity: 2618
Merit: 548


SecureShift.io | Crypto-Exchange


View Profile WWW
April 09, 2017, 09:06:25 AM
 #7

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?
Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem
A minimum of 3 confirmation is a must to use it further, else it gets listed under the unconfirmed transaction list. For a single transaction you get hundreds of confirmations in a very small time.

DigitalItems
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
April 09, 2017, 10:25:19 AM
 #8

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?
Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem
A minimum of 3 confirmation is a must to use it further, else it gets listed under the unconfirmed transaction list. For a single transaction you get hundreds of confirmations in a very small time.

But 1 Confirmation should be secure enough it will be very hard if not impossible to double spend if 1 confirmation is done!
Mr.Pro
Sr. Member
****
Offline Offline

Activity: 644
Merit: 251


View Profile
April 09, 2017, 11:33:44 AM
 #9

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?
Most of time 3 are OK for any incoming transaction after this you can spend your coins without any problem
A minimum of 3 confirmation is a must to use it further, else it gets listed under the unconfirmed transaction list. For a single transaction you get hundreds of confirmations in a very small time.

But 1 Confirmation should be secure enough it will be very hard if not impossible to double spend if 1 confirmation is done!

I agree, 1 is quite enough but if you're running an exchange website 2 - 3 confirmation would be a good thing for security precaution
swogerino
Legendary
*
Online Online

Activity: 3304
Merit: 1247


Bitcoin Casino Est. 2013


View Profile
April 09, 2017, 11:50:31 AM
 #10

It depends on the wallet you use. For electrum wallet 1 confirmation is enough to let you spend coins. If you are receiving the coins you should wait for 2-4 confirmations before sending the goods or digital goods.

███▄▀██▄▄
░░▄████▄▀████ ▄▄▄
░░████▄▄▄▄░░█▀▀
███ ██████▄▄▀█▌
░▄░░███▀████
░▐█░░███░██▄▄
░░▄▀░████▄▄▄▀█
░█░▄███▀████ ▐█
▀▄▄███▀▄██▄
░░▄██▌░░██▀
░▐█▀████ ▀██
░░█▌██████ ▀▀██▄
░░▀███
▄▄██▀▄███
▄▄▄████▀▄████▄░░
▀▀█░░▄▄▄▄████░░
▐█▀▄▄█████████
████▀███░░▄░
▄▄██░███░░█▌░
█▀▄▄▄████░▀▄░░
█▌████▀███▄░█░
▄██▄▀███▄▄▀
▀██░░▐██▄░░
██▀████▀█▌░
▄██▀▀██████▐█░░
███▀░░
Pencil Pastel
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
April 09, 2017, 03:28:46 PM
 #11

1 is enough. It is very safe. Once 1 confirmation happens then all the rest will follow that is how it works.
jaceefrost
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1001


View Profile
April 09, 2017, 03:34:47 PM
 #12

I've income transaction, not confirmed yet, how many confirmation I need get before spend it?
1 is enough to be able to spend the btc in your wallet. However the time you need to ait for a transaction differs depends on how much fee you put in it and how fast transactions are being confirmed in the network. There are some cases where the blockchain takes longer than usual but if you pay atleast enough fee it will get confirmed in less than 30 mins.
xIIImaL
Legendary
*
Offline Offline

Activity: 1372
Merit: 1005


View Profile
April 09, 2017, 04:44:30 PM
 #13

1 is enough. It is very safe. Once 1 confirmation happens then all the rest will follow that is how it works.

After first confirmation we could have confirm that we will reach the bitcoin to our wallet in next few minutes. Some of the transaction needs 6 confirmations to complete the trade but some transaction will be completed with 3 confirmations. miners hashing power always play main role to transact the bitcoins as its pass via blocks.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!