|
mtgox (OP)
|
 |
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?
|
|
|
|
|
|
|
|
|
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
ArtemZ
Newbie
 Offline
Activity: 26
Merit: 0
|
|
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
|
|
|
|
|
mtp
Newbie
Offline
Activity: 7
Merit: 0
|
|
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.
|
|
|
|
|
coinspoolco
Newbie
Offline
Activity: 47
Merit: 0
|
|
February 25, 2014, 04:44:22 PM |
|
And this is how MtGox started.
|
|
|
|
|
|
JustAnotherSheep
|
|
February 25, 2014, 06:37:27 PM |
|
And this is how MtGox started.
lol  Posting for posterity! |
Is it a bull? Is it a bear? No, it's just another sheep.
|
|
|
IIOII
Legendary
Offline
Activity: 1153
Merit: 1012
|
|
February 25, 2014, 07:24:21 PM |
|
Posting in epic thread.
|
|
|
|
|
BetWithCoins
Newbie
Offline
Activity: 43
Merit: 0
|
|
February 26, 2014, 12:49:53 AM |
|
Haha, great find!
|
|
|
|
|
Andrew717
Member
Offline
Activity: 60
Merit: 10
|
|
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. |
|
|
|
|
cr1776
Legendary
Offline
Activity: 4032
Merit: 1301
|
|
February 26, 2014, 01:42:20 AM
Last edit: February 27, 2014, 09:28:18 PM by cr1776 |
|
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. :-) |
|
|
|
|
|
soullyG
|
|
February 26, 2014, 10:45:46 AM |
|
|
|
|
|
|
|
|
|
TrailingComet
|
|
February 26, 2014, 12:00:57 PM |
|
1 is enough in my view
6 is a banker
|
|
|
|
whatsthestory
Newbie
Offline
Activity: 54
Merit: 0
|
|
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. |
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3388
Merit: 4653
|
|
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?  |
|
|
|
|
cr1776
Legendary
Offline
Activity: 4032
Merit: 1301
|
|
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. :-) |
|
|
|
|
bitjoint
Sr. Member
Offline
Activity: 333
Merit: 250
Commander of the Hodl Legions
|
|
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... |
|
|
|
|
|
