How many confirmations does it take to verify the deposit?

[TheGrapist]

1 confirmation should more than suffice for small amounts

Why do exchange go for 3-4 confirmation even on small amt?

[ranochigo]

1 confirmation should more than suffice for small amounts

Why do exchange go for 3-4 confirmation even on small amt?

Exchanges probably wouldn't bother making a script that checks for amount and see how much confirmations does it need. It is much more convient to use a flat amount of confirmations.

[Gaugh]

i think it also depends on the amount of the transaction. for example, with a transaction under 5 btc, then 3 confirmations is good. if the transaction is over 1000 btc then 6 confirmations would be safe to verify the deposit. if the transaction is < 1 btc then i'd say 1 confirmation would be enough.

I think it would be best to wait for 3 confirmations even for transactions <1 btc. For transactions > 4 btc then 6 confirmations will be enough. That's just what I'd do.

[sallymeeh27]

I was taked payment on btc . i want konw How many confirmations does it take to verify the deposit / not refund client ?
thanks

With 1 confirmation, there is 50/50 chance of a double spend is possible.
Every confirmation reduces that chance significantly

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