Everyone, this is something you really need to understand: block confirmations!
Bitcoin produces a block roughly every 10 minutes, so the 6 confirmations people often talk about take about an hour.
The more blocks built on top of a transaction, the more blocks would need to be redone to reverse it—and the less likely it is to be reversed.
Related coin: $BTC Current price: 80398.78 (24h +3.79%).
Save this and read it at your leisure 👇
#BTC
Do your research before making a move.
Bitcoin produces a block roughly every 10 minutes, so the 6 confirmations people often talk about take about an hour.
The more blocks built on top of a transaction, the more blocks would need to be redone to reverse it—and the less likely it is to be reversed.
Related coin: $BTC Current price: 80398.78 (24h +3.79%).
Save this and read it at your leisure 👇
#BTC
Do your research before making a move.