Bitcoin’s ten-minute block time is an average, not a payment deadline.
Blocks arrive at unpredictable intervals. Your transaction might confirm sooner or much later, and a fee below what the network is prioritizing can extend the wait for its first confirmation.
For anyone receiving BTC, elapsed time and confirmation count answer different questions. Waiting ten minutes does not prove that a payment has entered a block. Check the transaction’s confirmation status in your wallet before treating it as settled.
Each additional confirmation makes reversal harder, but an unconfirmed payment still carries risk. For a purchase, agree on the required confirmations beforehand instead of promising delivery after a fixed number of minutes.
Source: Bitcoin.org — https://bitcoin.org/en/you-need-to-know
#Bitcoin #BTC #CryptoEducation #Payments #Blockchain
Blocks arrive at unpredictable intervals. Your transaction might confirm sooner or much later, and a fee below what the network is prioritizing can extend the wait for its first confirmation.
For anyone receiving BTC, elapsed time and confirmation count answer different questions. Waiting ten minutes does not prove that a payment has entered a block. Check the transaction’s confirmation status in your wallet before treating it as settled.
Each additional confirmation makes reversal harder, but an unconfirmed payment still carries risk. For a purchase, agree on the required confirmations beforehand instead of promising delivery after a fixed number of minutes.
Source: Bitcoin.org — https://bitcoin.org/en/you-need-to-know
#Bitcoin #BTC #CryptoEducation #Payments #Blockchain