Post
Topic
Board Beginners & Help
Re: Why some platforms need X confirmations?
by
yurinov
on 27/11/2015, 04:08:55 UTC
Well, first of all hi to everybody, i'm a newbie in this cryptocurrency thing, so a lot of doubts are in my mind these days.
I have this question, looking here for the answer I didn't found yet, basically the subject says it all.

If bitcoin transactions are irreversible, why some platforms (online wallets, exchanges, etc) need X confirmations to "validate" a transaction?
to make sure all fee is paid and so transaction confirm by network. If does not confirm money is useless and go back to sender!!