Quickex team
June 25, 2024
~1 min read
What is validation from the Bitcoin network?
Normally, when Bitcoins are received, the new owner cannot instantly use them. Once a transaction is executed, it is sent to the Bitcoin network for fulfillment and must be included in the block to become legitimate. The process of including a transaction as part of a found block is called transaction confirmation. Each inclusion in one block equals one confirmation, and when 6 or more confirmations are reached, the transaction is considered finally confirmed. This feature is designed to prevent double spending of the same bitcoins. Our service requires a minimum of two confirmations from the Bitcoin network before your request will be processed.