How many confirmations until i can re-send the money

[mayday23]

Hi All -

I sent 4 bitcoins from my circle.com account to my blockchain.info account. The blockchain.info account currently says I have 1 confirmation.

How many confirmations (or how do I) until i can send those 4 bitcoins from my blockchain.info account to another party?

I'm a newbie, so I assume that the bitcoins are still 'waiting to clear' before i can send them somwhere else.

[1714921518]

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[Somekindabitcoin]

At least one confirmation. That's when it is definitely in your account.

[techgeek]

The clearing process just needs 1 confirmation, but that confirmation sometimes can be a bit a longer wait depending on the amount being sent for the miner to find.

[Anillos2]

Hi All -

I sent 4 bitcoins from my circle.com account to my blockchain.info account. The blockchain.info account currently says I have 1 confirmation.

How many confirmations (or how do I) until i can send those 4 bitcoins from my blockchain.info account to another party?

I'm a newbie, so I assume that the bitcoins are still 'waiting to clear' before i can send them somwhere else.

If the output is too low you will need more confirmations or pay a higher fee.

4 BTCs is a big amount.

[Pugsly]

At least one confirmation. That's when it is definitely in your account.

Blockchain.info can lag behind a little though. Sometimes it might say it is unconfirmed or only has one confirmation but in reality it's a different story. Try check the transaction on a different block explorer to see what that says.

[mayday23]

But isn’t blockchain.info like a bank? So they will want to make sure the transaction is 100% valid until they allow me to send it to a 3rd party, correct?

[DannyHamilton]

But isn’t blockchain.info like a bank? So they will want to make sure the transaction is 100% valid until they allow me to send it to a 3rd party, correct?

No.  Blockchain.info is just a service that stores your private keys for you in encrypted form.  That way you can access your private keys from any internet connected device.  Blockchain.info does not insure your bitcoins, and doesn't care what happens to them.  It is up to you to provide adequate security for your bitcoins.

I'm pretty sure they will allow you to send the bitcoins with just 1 confirmation.  I think I've even seen comments from people here at bitcointalk.org indicating that blockchain allowed them to send bitcoins that still had 0 confirmations (although that might have been through the API instead of the user interface).

[mayday23]

Thanks for the info. I always thought of myself of a rationale, level headed person but am having a hard time wrapping my mind around bitcoins.

[Hfleer]

You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.

[Mikestang]

But isn’t blockchain.info like a bank? So they will want to make sure the transaction is 100% valid until they allow me to send it to a 3rd party, correct?

No.  Blockchain.info is just a service that stores your private keys for you in encrypted form.  That way you can access your private keys from any internet connected device.  Blockchain.info does not insure your bitcoins, and doesn't care what happens to them.  It is up to you to provide adequate security for your bitcoins.

I'm pretty sure they will allow you to send the bitcoins with just 1 confirmation.  I think I've even seen comments from people here at bitcointalk.org indicating that blockchain allowed them to send bitcoins that still had 0 confirmations (although that might have been through the API instead of the user interface).

There are no banks in Bitcoin.

[avw1982]

In multibit it's possible after 1 confirmation.

[dothebeats]

1 confirmation and you can calmly breath. It usually takes 3 confirmations or more before you can send it to wherever you want it to send.

[Amph]

if you see your balance in your account, you can re-send it, no need to wait any further

[Omikifuse]

You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.

no wallet will spend non confirmed transactions.

You will need at least one, otherwise double spending would be too easy

[odolvlobo]

These replies are all incorrect.

The clearing process just needs 1 confirmation, but that confirmation sometimes can be a bit a longer wait depending on the amount being sent for the miner to find.

If the output is too low you will need more confirmations or pay a higher fee.

At least one confirmation. That's when it is definitely in your account.

1 confirmation and you can calmly breath. It usually takes 3 confirmations or more before you can send it to wherever you want it to send.

no wallet will spend non confirmed transactions.
You will need at least one, otherwise double spending would be too easy

The right answer is that the protocol allows spending of unconfirmed outputs, so it depends on the wallet (and the miners). A wallet might prevent (or just discourage) spending unconfirmed outputs because doing it can lead to problems for the user. Despite that, most (if not all) wallets require 1 confirmation with some exceptions.

Blockchain.info does not (as far as I can tell) allow you to spend an unconfirmed output, but other wallets do. On the other hand, blockchain.info's shared coin feature does spend unconfirmed outputs as part of the mixing process.

Bitcoin Core allows you to spend unconfirmed change outputs.

Miners decide what transactions they will include in a block. A miner can decide to exclude transactions that spend unconfirmed outputs, but that would be rare.

The confusion about the 3 confirmation wait is probably due to exchanges requiring 3 confirmations before you can do something with a deposit, but that has nothing to do with Bitcoin.

[Hfleer]

You can send your BTC away after 0 confirmations if you export the private key and use any other wallet. This is really easy so everyone should be able to do it.

no wallet will spend non confirmed transactions.

You will need at least one, otherwise double spending would be too easy

?? What are you talking about?

Every wallet I use allows that. Its not double spending its a chained transaction. And all of those can be included in a block without a problem.

Right now I am using trezor with mytrezor.com but blockchain.info custom send can do the same.

[el kaka22]

In multibit it's possible after 1 confirmation.

where i can see that 1 confirmation in multibit ? i just see green circle then tick, whether it's 1 confirmation?
i had a few days using multibit

[Hfleer]

In multibit it's possible after 1 confirmation.

where i can see that 1 confirmation in multibit ? i just see green circle then tick, whether it's 1 confirmation?
i had a few days using multibit

Hover over that circle or right click the transaction to see detials.

[el kaka22]

In multibit it's possible after 1 confirmation.

where i can see that 1 confirmation in multibit ? i just see green circle then tick, whether it's 1 confirmation?
i had a few days using multibit

Hover over that circle or right click the transaction to see detials.

i just waiting till the circle turned into a checklist,
nah i guess that is one confirmation .. thanks

[winchancer]

In multibit it's possible after 1 confirmation.

Didn't know that. Thanks for the info!