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Author Topic: Be careful of bitcoin transaction that are flashed nowadays  (Read 262 times)
Engine-IT
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July 04, 2020, 03:37:35 PM
 #21

how could it be useful? does it make transaction faster?
mersal
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July 04, 2020, 03:50:08 PM
 #22

how could it be useful? does it make transaction faster?

Higher the transaction fee then transaction will enters into the block for confirmation faster so the transaction fee decides the waiting time of every transaction.Myself don't understand the term flashing transaction, is OP saying about double spending or alternate coin for bitcoin. Huh
Mpamaegbu
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July 04, 2020, 05:13:01 PM
 #23

That's why while dealing a transaction personally, you should wait for 3 confirmation before making transaction from your side to be sure of. Ask for a good fee transaction to start with but if they insist, let them know you'll need to wait for confirmation. It doesn't just happen daily but you need to be safe than sorry.
Waiting for three confirmations is even an over kill. One confirmation is ok to guarantee the transaction won't reverse. Buyers should always insist on that, especially if they're dealing with unknown persons. I even encountered a suspicious case similar to that a few hours ago. What these scammers do now is to make you a mouth watery offer, either selling ridiculously cheap or offering to buy at any price you make them. Be careful or you kiss your hard earned cash goodbye.

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..BET NOW..
Engine-IT
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April 30, 2021, 11:59:30 AM
 #24

how could it be useful? does it make transaction faster?

Higher the transaction fee then transaction will enters into the block for confirmation faster so the transaction fee decides the waiting time of every transaction.Myself don't understand the term flashing transaction, is OP saying about double spending or alternate coin for bitcoin. Huh
I find out litecoin is in a way faster at this term
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