{"id":13836,"date":"2022-02-02T15:18:32","date_gmt":"2022-02-02T15:18:32","guid":{"rendered":"https:\/\/yourcryptolibrary.com\/?page_id=13836"},"modified":"2024-02-02T13:29:58","modified_gmt":"2024-02-02T13:29:58","slug":"confirmation","status":"publish","type":"page","link":"https:\/\/yourcryptolibrary.com\/nl\/blockchain\/confirmation\/","title":{"rendered":"Wat is bevestiging?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"13836\" class=\"elementor elementor-13836\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8b9ca1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8b9ca1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0cc72c1\" data-id=\"0cc72c1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-03875fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"03875fb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1855d39\" data-id=\"1855d39\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-682ac0e elementor-align-center elementor-widget elementor-widget-button\" data-id=\"682ac0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more about cryptocurrrencies<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1efa48d\" data-id=\"1efa48d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a6f78da elementor-align-center elementor-widget elementor-widget-button\" data-id=\"a6f78da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/exchanges\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Trade Crypto<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-e34946d elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"e34946d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__e34946d\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__e34946d\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__e34946d\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-891c09e elementor-widget elementor-widget-text-editor\" data-id=\"891c09e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>What is confirmation in crypto?\u00a0<\/h2><p>If you make a transaction on an exchange, you will see the term confirmation or confirmation. A confirmation means that approval has been given on the transaction that has been created. This can be your own address or someone else&#8217;s. Once the transaction is included in one block, it will remain under each subsequent block. Each of these blocks following the transaction in question is a new confirmation of the transaction.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e653b1 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"9e653b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\u201cA confirmation means that approval has been given on the transaction that has been created.\u201d\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7996f1d elementor-widget elementor-widget-video\" data-id=\"7996f1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/adDTkjffN1U&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b9ae4c elementor-widget elementor-widget-text-editor\" data-id=\"6b9ae4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>How many confirmations are (required)?<\/h2><p>This differs greatly per cryptocurrency. For example, if you look at Bitcoin, you will see that receiving a payment notification happens almost immediately. Confirmation can sometimes take a few minutes. A confirmation means that there is consensus on the network that the bitcoins you received were not sent to anyone else and are considered your property. Once your trade is included in a block, it will continue to be buried under every block after it, which will exponentially perpetuate this consensus and reduce the risk of a reverse trade. Each confirmation lasts from a few seconds to 90 minutes, with 10 minutes being the average. For example, 6 confirmations are often considered as safe as waiting 6 months for a credit card transaction.<\/p><h2>The confirmation<\/h2><p>time Why 10 minutes That is programmed by the maker in the &#8216;source code&#8217; of the Bitcoin protocol. It could also take shorter or longer for a transaction to be recorded and visible in the blockchain.<\/p><ul><li>0 confirmations: Payments with 0 confirmations can still be reversed. Wait for at least 1 confirmation<\/li><li>1 confirmation: One confirmation is enough for small BTC payments of less than $1000<\/li><li>3 confirmations: Enough for payments between $1000 and $10,000. Most exchanges require at least 3 confirmations for deposits.<\/li><li>6 confirmations: Enough for large payments between $10,000 and $1,000,000. Six is \u200b\u200bthe default for most Bitcoin transactions to be considered safe.<\/li><li>60 confirmations: For large payments over $1,000,000<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-760ee37 elementor-widget elementor-widget-image\" data-id=\"760ee37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/02\/confirmation-on-blockchain.jpg\" class=\"attachment-large size-large wp-image-13838\" alt=\"confirmation-on-blockchain\" srcset=\"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/02\/confirmation-on-blockchain.jpg 768w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/02\/confirmation-on-blockchain-300x200.jpg 300w, https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2022\/02\/confirmation-on-blockchain-18x12.jpg 18w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4829e6e elementor-widget elementor-widget-text-editor\" data-id=\"4829e6e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Forming a block with Litecoin, for example, is 4 times faster than with Bitcoin, but on the other hand, it also requires 4 times more confirmations in order for the transaction to be considered safe.<\/p><h2>How do you check a cryptocurrency transaction?<\/h2><p>Once you make a cryptocurrency transaction, your <a href=\"\/wallets\/\">wallet<\/a> should give you an option to view the transaction in a block explorer. All data is public. This means that you can look up all transactions on the internet.<\/p><p><a href=\"https:\/\/blocktrail.com\/#!\/BTC\" target=\"_blank\" rel=\"noopener\">Blocktrail<\/a> is a block explorer where you can look up transactions. Enter your bitcoin receiving address in the search bar. Then click on the Transactions tab. You will immediately see an overview of all transactions to and from that receiving address.<br \/>At <a href=\"https:\/\/www.blockchain.com\/nl\/btc\/unconfirmed-transactions\" target=\"_blank\" rel=\"noopener\">blockchain.com<\/a> transactions you can see all unconfirmed transactions of Bitcoin. This way you can see how many transactions are currently being done with Bitcoin.<\/p><p>At https:\/\/www.blockchain.com\/nl\/btc\/unconfirmed-transactions you can see all unconfirmed transactions of Bitcoin. This way you can see how many transactions are currently being done with Bitcoin.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Learn more about cryptocurrrencies Trade Crypto Table of Contents What is confirmation in crypto? If you make a transaction on an exchange, you will see the term confirmation or confirmation. A confirmation means that approval has been given on the transaction that has been created. This can be your own address or someone else&#8217;s. Once [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":15746,"parent":870,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-13836","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is confirmation?<\/title>\n<meta name=\"description\" content=\"Learn the importance of cryptocurrency confirmations and how many are typically required for safe transactions on major blockchains like Bitcoin and Litecoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yourcryptolibrary.com\/nl\/blockchain\/confirmation\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" 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