324 sats \ 1 reply \ @ssaurel 18 Feb 2023 \ on: How Many Bitcoin Confirmations is Enough? bitcoin
tl;dr:
- 1 confirmation: sufficient for small payments less than $1,000.
- 3 confirmations: for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits.
- 6 confirmations: good for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure.
- 10 confirmations: suggested for large payments greater than $1,000,000.
Did you only read the first half?
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