When is a transaction considered confirmed?

Whenever a transaction is added to a block, it receives 1 confirmation.  If a block is added to the blockchain after the block in which your transaction is, the transaction would have 2 confirmations. If a block is added after this block, your transaction will have 3 confirmations, and this continues on and on. It is recommended to wait for at least 6 confirmations to be 99.9% sure that your transaction will not be canceled – it takes about 1 hour.

Leave a Reply

Your email address will not be published. Required fields are marked *