Back

BTC - A Dummy's Handbook Okayto be honest I don’t know how shall I start this post off but I am here today to explain you what is a Bitcoin and various methods on How to use a bitcoin, where to store it, benefits the pro's the cons and what not. I

See More

Hawk

 • 

Devza • 9m

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.

1 replies2 likes
1
Replies (1)

More like this

Recommendations from Medial

King Eazi

Secure Flash Usdt an... • 16d

How to Safely Use Flash USDT Generator Software to Boost Your Crypto Portfolio These coins are generated by specific flash bitcoin Generator software and Flash usdt Generator Software, which allows users to send fake bitcoin and USDT into the blockc

See More
0 replies1 like

Bharath Varma

 • 

Google • 9m

𝗕𝗲𝗴𝗶𝗻𝗻𝗶𝗻𝗴𝘀 𝗼𝗳 𝗖𝗿𝘆𝗽𝘁𝗼 Ever wondered how cryptocurrency started and why it's changing the world? Cryptocurrency's story begins with the unknown figure Satoshi Nakamoto. In 2008, Nakamoto published "𝘽𝙞𝙩𝙘𝙤𝙞𝙣: 𝘼 𝙋𝙚𝙚𝙧-𝙩𝙤-�

See More
0 replies12 likes
3

Big Bilebile

Hey I am on Medial • 2d

Step-by-Step Guide: How Flash USDT Generator Software Can Help You Make Consistent Crypto Profits While flash bitcoin and flash USDT is indistinguishable from the real BTC/USDT, the key difference lies in its temporary nature of fast transaction spee

See More
0 replies1 like

Aryan Sukhdewe

Looking to work in ... • 11m

#Cryptoqueries WHAT IF TWO BLOCKS ARE MINED AT THE SAME TIME ? Sometimes, two miners broadcast a valid block at the same time and the network ends up with two competing blocks. The miners then start mining the next block based on the block they r

See More
0 replies6 likes
1

Samaksh Singh

Content Writer • 9d

🌟 Exploring Joi Coins: The Future of Digital Transactions 🌟 The rise of digital currencies continues to reshape the financial landscape, and Joi Coins are making waves with their innovative approach. Backed by secure blockchain technology and desi

See More
0 replies2 likes

VEDANT DIXIT

Hey I am on Medial • 2m

hello everyone I have good idea ..... Bit coins 🪙 mining low investment and high 📈 profit Mining is the process by which new cryptocurrency tokens or coins are generated. It bears little resemblance to the work done by those who physically mi

See More
0 replies3 likes

Crypto Minds

Crypto is future • 10m

What is a Crypto Airdrop? A crypto airdrop is when a new cryptocurrency project gives away free coins or tokens to people. It’s like a free giveaway! Why Do They Give Away Free Coins? Get Noticed: They want more people to know about their new crypto

See More
1 replies4 likes
Image Description
Image Description

Aakash kashyap

Building JalSeva and... • 5m

Do you think Bitcoin will continue to outpace traditional payment systems like Visa and Mastercard in transaction value? What does this mean for the future of finance? 💬 Bitcoin is commonly used on the dark web due to its pseudonymous nature, all

See More
5 replies7 likes
3

Ali Akber

Co founder of rebuil... • 1m

🌍Introducing Greeny Coins: A Step Towards Sustainability!🌿 At Rebuild Earth, we are thrilled to unveil Greeny Coins-our unique initiative designed to reward environmentally conscious actions! • What are Greeny Coins? Greeny Coins are not cryptoc

See More
0 replies5 likes
2

Sairaj Kadam

Entrepreneur |Founde... • 3m

Bitcoin Is Surging—But One Mistake Could Lead to Mass Bankruptcy Let’s Understand Today’s Landscape Bitcoin’s surge is catching the attention of millions, but it’s far from a safe bet. While some view it as the future of finance, its volatility and

See More
0 replies6 likes
1

Download the medial app to read full posts, comements and news.