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Devza • 1y
Small Info about Bitcoin transactions When you receive or send Bitcoins to some user the coins are then entitled to be of the opposite party to confirm that the coins enter into a Block chain then the coins are then verified or confirmed via network bots or miners to allot the coins to the other user. These Miners charge a very tiny amount of the transaction to confirm the transaction. Although the transaction made via Bitcoins is instant but if you do include some miners fee it would be more appropriate. A Transaction reflects into your or the other's account after 3-6 confirmations depending upon how the network works. But a transaction with 6 to 7 confirmations is considered as a safe transaction. And Yes the bitcoin is a irreversible currency. Once sent can't be retrieved back unless and until the transaction was debited twice and the network itself reveres the other transaction. So the chances of being scammed are very high.
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