Roughly every ten minutes, a new block is created and added to the blockchain through the mining process. This block verifies and records any new transactions. The transactions are then said to have been confirmed by the Bitcoin network.
For example, if Sean sends one bitcoin to John, this transaction will remain “unconfirmed” until the next block is created. Once that block is created and the new transaction is verified and included in that block, the transaction will have one confirmation. Approximately every ten minutes thereafter, a new block is created and the transaction is reconfirmed by the Bitcoin network. While some services are instant or only require one confirmation, many Bitcoin companies will require more as each confirmation greatly decreases the likelihood of a payment being reversed. It is common for six confirmations to be required which takes about an hour.
How many Bitcoin Confirmations are Enough?
- Payments with 0 confirmations can still be reversed! Wait for at least one.
- One confirmation is enough for small Bitcoin payments less than $1,000.
- ALFAcashier.com requires 2+ confirmations for Bitcoin payments
Bitcoin Confirmations depend on many factors: congestion of the network, miner's fee, how many nodes relayed your transaction.
How to Check Bitcoin Confirmations
Once you make a transaction, your wallet should give you an option to view the transaction on a block explorer or give you the transaction ID.
A transaction ID looks like this: 7a43510802e113b7059851ef0a8a5c3625db37541861dd982f56253b2d5c4ff9
To check the number of confirmations for a transaction, paste the ID into a block explorer like blockchain.info/ :
Press enter and then you’ll see more details about your transaction:
How to make sure Bitcoin transaction is confirmed as quickly as possible?
To get your transaction quickly confirmed please refer to the estimation transaction time website bitcoinfees.earn.com and set recommended fee in your client prior sending the bitcoin transaction into network.
2. How many confirmations do you require to complete my cryptocurrency order? How can I track my cryptocurrency transaction?
ALFAcashier.com requires certain amount of confirmations depending on the cryptocurrency:
Bitcoin - at least 2 confirmations. Track your bitcoin transaction here: blockchain.info/
Litecoin - at least 6 confirmations. Track your litecoin transaction here: live.blockcypher.com/ltc/
Ethereum - at least 12 confirmations. Track your ethereum transaction here: etherscan.io/
Dash - at least 6 confirmations. Track your dash transaction here: chainz.cryptoid.info/dash/
Bitcoin Cash - at least 2 confirmations. Track your bitcoin cash transaction here: blocktrail.com/BCC
Ethereum Classic - at least 12 confirmations. Track your ethereum classic transaction here: gastracker.io/
XRP - there is no payment confirmation at all, but payment must be validated in the ledger. Track you ripple transaction here: xrpcharts.ripple.com/#/transactions/ ripple.com/build/ripple-info-tool/
Monero - at least 15 confirmations. Track your monero transaction here: https://xmrchain.net/
NEM - at least 20 confirmations. Track your nem transaction here: chain.nem.ninja
Zcash - at least 6 confirmations. Track your zcash transaction here: explorer.zcha.in/
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