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Author Topic: How many confirmations ?  (Read 265 times)
swogerino (OP)
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September 06, 2017, 08:24:22 PM
Last edit: September 06, 2017, 08:37:48 PM by swogerino
 #1

I decided to try the new way of converting Bitcoins to money directly from  Skrill. This option is there since December last year but I was skeptical about it. I uploaded 20 dollars as a test in bitcoin , it redirected me to bitpay and I paid, bitpay said Invoice paid. Now I see 20 dollars as pending payment in Skrill. I am fully verified with address, bank account, pin, level 4 in Skrill and is the first time I see a pending payment. How many confirmations needed on the bitcoin network for the funds to become available in Skrill ?

Ok it needed 8 confirmations.

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TryNinja
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September 06, 2017, 09:03:04 PM
 #2

FYI: It's six confirmations and not eight - in this case -, as it's described in the "What does the Transaction Speed setting do?" page[1].

Merchants have the option to choose if they want to wait for one confirmation, eight, or none at all before completing your order.

[1] https://support.bitpay.com/hc/en-us/articles/202943915-What-does-the-Transaction-Speed-setting-do-

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swogerino (OP)
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September 06, 2017, 09:23:33 PM
 #3

FYI: It's six confirmations and not eight - in this case -, as it's described in the "What does the Transaction Speed setting do?" page[1].

Merchants have the option to choose if they want to wait for one confirmation, eight, or none at all before completing your order.

[1] https://support.bitpay.com/hc/en-us/articles/202943915-What-does-the-Transaction-Speed-setting-do-

Thank you. I was searching for such information like crazy before my funds confirmed, now I added a lot of other funds from bitcoin to skrill and then to withdraw to my bank account. I guess Skrill has choose the Low Speed ,Low risk transaction speed. Still as Bitpay say funds will be confirmed in either of the cases after six confirmation in the bitcoin network. I will close topic now.

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