How many confirmations bitcoin value
If you find your transaction is taking an extremely long time to be confirmed on the blockchain, such as more then a few days, then please contact our support team and we will do our best to assist you. If the transaction is not confirmed unfortunately the most we can do is wait and be patient for it to be picked up and confirmed on the blockchain.
Please sign in to leave a comment. Where do I find my Transaction ID? Why is my LTC withdrawal canceled? Why is my Bitcoin deposit pending in CoinSpot? How do I send coins into CoinSpot? How can I cancel sending Coins? See more When sending coins into CoinSpot you need to be mindful of the transaction process. All transactions need to be confirmed by the Bitcoin blockchain, which we have no control over. You will then be able to paste the text, once you paste the text the entire TXID will be pasted.
If you have issues doing this please contact support. At the same time, Bitcoin can provide very high levels of security if used correctly.
Always remember that it is your responsibility to adopt good practices in order to protect your money. Read more about securing your wallet. The price of a bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets. Consequently, keeping your savings with Bitcoin is not recommended at this point. Bitcoin should be seen like a high risk asset, and you should never store money that you cannot afford to lose with Bitcoin.
If you receive payments with Bitcoin, many service providers can convert them to your local currency. Any transaction issued with Bitcoin cannot be reversed, they can only be refunded by the person receiving the funds. That means you should take care to do business with people and organizations you know and trust, or who have an established reputation. For their part, businesses need to keep control of the payment requests they are displaying to their customers.
Bitcoin can detect typos and usually won't let you send money to an invalid address by mistake. Additional services might exist in the future to provide more choice and protection for the consumer.
Some effort is required to protect your privacy with Bitcoin. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address.
However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once.
Always remember that it is your responsibility to adopt good practices in order to protect your privacy. Read more about protecting your privacy.
Transactions don't start out as irreversible. Instead, they get a confirmation score that indicates how hard it is to reverse them see table. Each confirmation takes between a few seconds and 90 minutes, with 10 minutes being the average.