Post
Topic
Board Beginners & Help
Re: Just purchased tiny fraction BTC for first time; now what?
by
bitzenbits
on 21/11/2013, 01:02:09 UTC
Just wait a few minutes and it should confirm automatically. Don't worry. Smiley

EDIT: I had one transaction that took almost an hour to confirm, but most only took about 10 minutes.

Ahhhhh - I see! I SEE!

Thank you!

There are now 7 confirmations, so I assume at some point the system considers the entire transaction "confirmed" on its own.

And THIS is exactly why I started with small amounts - to get a feel for the system.

Wink

Yes, its definitely a good idea to get comfortable with small amounts first.

You should be able to spend them after 1 confirmation, 6 is considered very high security so many sites use it too. Some companies accepting bitcoin allow payments to be accepted with no confirmations (bitpay amongst others) so are more or less instant payment and have never had a problem but if time allows its always better to wait for at least one.

Guess I need to read up more on confirmations. I've heard OF them and knew it's part of the process... but never quite got into why or how confirmations come into play.

Why would anyone want a client or wallet that has no confirmations? Or - well - I guess if I understand the confirmations better, I'll then understand why some people don't mind skipping that part.

Thanks for all the input!