Unconfirmed Transaction Are not Secure

[pablomarwan 3082]

I understood a little of what I explained in your article and it helped me understand some of the questions that I raise and do not search for. For this, you are required to pay an additional amount that you withdraw from your wallet. But what worries me is that it takes 15 to 30 minutes. It won't penetrate you.

[Saboor 511]

I have heard that unconfirmed transactions can be reversed back after transaction, but I have not try it even once,so definitely it won't be okay for you not waiting for your transaction to confirm

[Upright 2688]

As fr my own reasonings, I don't think that  unconfirmed transactions are even kind of confirmed in the blockchain, as if the blockchain doesn't confirm the transaction, then am sure it can't be transacted to your wallet of recieving

[George10 9932]

Unconfirmed bitcoin transactions are not secure in such a way that one can loose his coins if the miners doesn't approve the transaction due to low fees since theris a role that says bitcoin transactions can't be reversed its for this reason I think even the wallet provider can't do anything to help that's my opinion thanks.

[Saboor 511]

16 hours ago, HorbiDJ1 said:

Yes, unconfirmed transactions are not protected, without confirmation it is impossible to determine whether the transaction was accepted by the block chain or not, some transactions may be fake, and if you accept without confirmation, you will lose.

Yea,and I heard that they can even reverse the transaction if it is not yet confirmed, This has to be taken seriously in blockchain, we should always make sure it is confirmed before doing any further transaction

[bentayebsalah 2280]

Certainly unconfirmed transactions cannot take advantage of currencies until they are confirmed and for this the platforms require to be confirmed at least 4 confirmations in the transaction in order for the transaction to be accepted

[kadayakito 765]

Yes, I always feel insecure when my claims have not been completed. I was always worried if something went wrong, hackers would hack money or change my wallet address, or whatever intrusion I was worried about. so I was stressed out waiting for confirmation.

[tienda 8776]

I know that all transaction needed or required to be confirmed before it is added to the balance, my transactions they never suffered  this such problem about unconfirmed transaction, but it is interesting to know the members experience about that, thank you for the topic.

[magd 5231]

This is true and it is not only related to confirming transactions when depositing in platforms, but confirming transactions is very important when withdrawing from the wallet and the platform as well, as you can track all the steps and know the addresses accurately and the date of sending and receiving and the possibility of checking even for the loss of currencies

[Calvinpriva 17296]

You are right friend, that why am using faucetpay most of the times to store and transfer my bitcoins. It takes only 5 minutes for them to transfer your bitcoins to your wallet, and it takes only 15 minutes for blockchain to confirm your transaction. Withdraw fee in faucetpay it cost only 7000 satoshi (0.00007000).

[Crypto123 0]

19 minutes ago, Calvinpriva said:

You are right friend, that why am using faucetpay most of the times to store and transfer my bitcoins. It takes only 5 minutes for them to transfer your bitcoins to your wallet, and it takes only 15 minutes for blockchain to confirm your transaction. Withdraw fee in faucetpay it cost only 7000 satoshi (0.00007000).

This sounds fine my friend, but for me I use Electrum wallet to store and transfer bitcoin. This wallet is famous and known as the best Bitcoin wallet programmed by a member of the BitcoinTalk Forum. The conversion is very fast and the fees are very low.

[Calvinpriva 17296]

12 minutes ago, Crypto123 said:

This sounds fine my friend, but for me I use Electrum wallet to store and transfer bitcoin. This wallet is famous and known as the best Bitcoin wallet programmed by a member of the BitcoinTalk Forum. The conversion is very fast and the fees are very low.

Sure, i agree with you about trust wallet because i used it a while a go. Its a good wallet with good security.

[Brushless4500KV 4214]

It is dangerous for any transaction to be left unconfirmed but what can we do about this? It is up to miners to decide which transaction to take based on fee priorities. If miners don't take your transaction soon enough, it will remain unconfirmed for a few days. This happened to me recently when I sent some bitcoin. It took about two days to receive the first confirmation. Is it possible that someone may reverse a transaction during the time that it is still unconfirmed? I think one solution to avoid this, is to choose fees based on mempool status.

[BitcryptoHan 2557]

On 6/4/2020 at 9:58 AM, Calvinpriva said:

Sure, i agree with you about trust wallet because i used it a while a go. Its a good wallet with good security.

Trust wallet is a good wallet, it support many cryptocurrencies and also erc 20 token. It has seed phrase for back up. 

 

Unconfirmed transactions are the transactions that are trapped in the mempool, if the blockchain network is secure, the transactions are secure. 

[Thekingcallme 1975]

This is really good and useful information and this means that confirmation of any transaction must be completed in order to ensure that this amount is received in cryptocurrencies and will not be canceled.

[gloria10yqj 27]

On 1/25/2020 at 8:51 PM, Xsimple said:

Well this very good information now I know why other wallet takes time to transfer and the fees is not stable it go up and down there is fee that low and so high.

Minors do not even look at your transaction or even consider it as valid value. may take several hours, if not days, depending on the process and blockchain cost. But I think this currency will one day stabilize

[DiamondBit 720]

On 3/31/2020 at 8:20 AM, chrislynn said:

Unconfirmation transactions are not safe who told you that our unconfirmed transactions in few minutes can be stolen by the hackers. So don't need to any worries and enjoying crypto market business and trade with keep interested mind set. 

Unconfirmed transaction can be stolen if the blockchain is compromised by 51% attack, but this has never happened in the history of bitcoin. Bit coin network and most coins too have secure block chain. 

[Moaz 7239]

I think that these confirmations in Bitcoin transactions in the blockchain network are necessary for the safety of the transaction, perhaps these confirmations delay the completion of transactions to two days or more, but you can use a tool to speed up these transactions

[Tunuu 2235]

You have said true. Unconfirmed transactions of bitcoins are not secure because 6 confirmations its a long time and it can take hours or days for that. I like to deposit btc in dice and trade them, it takes only 2 confirmations for your btc to appear in the wallet.

[Yomose 3704]

On 7/9/2020 at 1:51 AM, Tunuu said:

You have said true. Unconfirmed transactions of bitcoins are not secure because 6 confirmations its a long time and it can take hours or days for that. I like to deposit btc in dice and trade them, it takes only 2 confirmations for your btc to appear in the wallet.

6 confirmations can be within minutes if you paid a right amount for normal to fast transactions, unconfirmed transactions are not secure because it can still be replaced by fee and canceled in the process and reversed back to the wallet that sent it. 

[BitcryptoHan 2557]

7 hours ago, sidalilaroma85 said:

After reading your topic i realize that the low fees on transaction is risky to be accepted on the blockchain or by miners ? for exepmle the fees exchange on yobit is very high, i think is 0.0015 btc so the transaction will be secured ? can you answer me dear @xBDT Script

Low fee is not risky but transactions can be tapped on mempool, if you are the one sending the money, only you have access to reveres the coin back. But if you are the receiver, the donor can reveres it. 

[khan22 3478]

This is true that unconfirmed transactions are not secured becasue they can cancel their transactions at any time and they make a scam with us, so the way is that we need to conformed it first and then we send the money or other coins to the third person.

[Whited35 15285]

Bitcoin network will be overloaded with such transactions with lower fees. Miners always give priority for transactions with the higher fees so unconfirmed transaction means such transaction which is not included in a block to grant that as the confirmed one so I do not think miners will be able to steal your funds, they might either reject transactions or keep unconfirmed for sometimes but your funds will be still safe. 

[iloveyobit 6599]

On 10/28/2019 at 6:44 PM, xBDT Script said:

Almost all the exchanges, gambling sites requires a certain confirmations of a transaction before adding a deposit to the wallet. For example, coinbase requires 6 confirmations. With 6 confirmations, you can't use the bitcoin you received with coinbase. 6 confirmation is considered as secure because in reality, it's very unlikely to be possible to reverse the transaction.
So, why does this confirmation is require when we say transaction can not be reversed?
If anyone uses very low fee considering the bitcoin network is very busy and the fee is much high, it will take huge time to get confirmation. It may take more than couple of days, until the network get stable once again. If it takes a lot of times, the transaction may get rejected by the miners. When the fee is too low, miners consider the transaction unworthy to verify, it will be rejected by miners.

If you do not have the fees to complete the transfer, it will not take place from the first and will be rejected by the platform, I think you know this well my friend.

[Ridam 7455]

Nice information about the confirmation and 6 confirmation should be considered as the factor before dealing with anyone with the Crypto. As there is no chance of  transaction for being reversed if the transaction goes more than 4 confirmation. So we should also go for medium fee available for the best to get transaction verified faster by the miners.