What is bitcoin confirmation?
When a bitcoin transaction is made, it goes into a pool of “unconfirmed” transaction until a new block is created. Once the block is created and the transaction is added to the blockchain through the mining process.
The block verifies and records the transaction. then the transaction is then said to have been confirmed by the bitcoin network.
In other words, when you send your bitcoin to the wallet address provided to you by tradefada, the transaction will remain "unconfirmed" until the next block is created. Once the block is created and your transaction is included in that block, your transaction will then have One Confirmation.
How many bitcoin confirmations do my transaction needs to get before I get paid?
Unlike all other cryptocurrency exchange website, you only need just TWO CONFIRMATIONS when you trade on tradefada.com
How do I know if my transaction has been confirmed?
- After sending your bitcoin, goto your wallet transaction history and click on that particular transaction and the transaction details will drop down.
- Click on the icon the red arrow is pointing at and you will be redirected