What is the minimum number of confirmations required for a Bitcoin transaction to be considered secure?

3 answers

• Jan 07, 2022 · 3 years ago
  When it comes to Bitcoin transactions, the minimum number of confirmations required for it to be considered secure is typically six. This means that the transaction has been included in six consecutive blocks on the Bitcoin blockchain. The more confirmations a transaction has, the more secure it becomes, as it becomes increasingly difficult for an attacker to reverse the transaction. It is recommended to wait for at least six confirmations before considering a Bitcoin transaction as fully secure.
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• Jan 07, 2022 · 3 years ago
  In the Bitcoin world, the minimum number of confirmations needed for a transaction to be considered secure is usually six. This is because each confirmation represents a new block being added to the blockchain, and six confirmations ensure that the transaction is buried deep within the blockchain, making it extremely difficult to reverse. Waiting for six confirmations provides a high level of security and reduces the risk of double-spending or other fraudulent activities.
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• Jan 07, 2022 · 3 years ago
  The minimum number of confirmations required for a Bitcoin transaction to be considered secure is typically six. This is because each confirmation adds another layer of security to the transaction. With each confirmation, the transaction becomes more deeply embedded in the blockchain, making it increasingly difficult to tamper with. Waiting for six confirmations ensures a high level of security and reduces the risk of any potential attack or manipulation. At BYDFi, we also recommend waiting for six confirmations before considering a Bitcoin transaction as fully secure.
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