Before you rush to memorize the definition: why do transfers need to wait for several confirmations?
A transaction gets 1 confirmation when it is included in a block. Each new block added afterward increases the confirmation count by 1.
Platforms set the number of confirmations required for deposits based on the network. The funds are credited to your account only after that requirement is met; until then, they’re generally shown as processing.
When receiving a large payment, don’t assume it has arrived just because it has zero confirmations. Wait until there are enough confirmations.
By the way: $BTC is currently priced at 70203.48 (24h -4.94%).
Shared for personal reference only, not as a recommendation to take any action.
A transaction gets 1 confirmation when it is included in a block. Each new block added afterward increases the confirmation count by 1.
Platforms set the number of confirmations required for deposits based on the network. The funds are credited to your account only after that requirement is met; until then, they’re generally shown as processing.
When receiving a large payment, don’t assume it has arrived just because it has zero confirmations. Wait until there are enough confirmations.
By the way: $BTC is currently priced at 70203.48 (24h -4.94%).
Shared for personal reference only, not as a recommendation to take any action.