How Many Confirmations Make a Bitcoin Payment Secure?
In bitcoin, each confirmation is a block added after your transaction. One confirmation is often enough for small payments, while high‑value transfers typically wait for six.
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In bitcoin, each confirmation is a block added after your transaction. One confirmation is often enough for small payments, while high‑value transfers typically wait for six.
bitcoin transactions are often considered safe after a certain number of confirmations, but how many are truly enough? This article explains what confirmations mean and how to assess risk.
bitcoin transactions typically take about 10 minutes to confirm on average, matching the network’s block time. Actual speed varies with network congestion and fees; higher fees yield faster confirmations.
Six bitcoin confirmations are widely considered secure because each new block exponentially lowers the chance of a competing chain overtaking a transaction, making double-spend attacks practically infeasible for most attackers.