Ever wondered why your Bitcoin transaction hasn’t arrived yet” Read on to learn why 6 confirmation are required for a transaction to be complete
When sending bitcoin—whether you are buying goods, paying for services, or withdrawing from your exchange—you will probably see a note about how many “block confirmations” your transaction has so far. Many bitcoin users and platforms emphasize waiting for six confirmations before your transaction is considered complete. But why this specific number? And how do these block confirmations actually work “underneath the hood?”
In this article, we explore the details of block confirmations, the historical context behind waiting for six confirmations, and some best practices to make your bitcoin transactions happen smoothly and securely.
A Bitcoin block confirmation occurs when a transaction is included in a newly mined block on the Bitcoin blockchain. The moment your transaction appears in a block, it is considered to have one (1) confirmation. Each additional block appended to the chain after that first block adds another confirmation (for example, two confirmations after the next block, three confirmations after the one after that, and so on).
The six-confirmation guideline has been around since Bitcoin’s earliest days. In fact, it dates back to community discussions inspired by Satoshi Nakamoto’s recommendations, where the threshold of six was often cited as a robust measure against potential attacks.
Early on, some users were comfortable with less than six confirmations due to lower network traffic. Over time, however, the community settled on six as a good balance of convenience and security, because it is generally long enough to deter double-spend attempts, but still practical for most everyday uses.
At the heart of the six confirmations rule is the risk of “double spending” bitcoin. Someone could try to spend the same bitcoin twice if the network does not have sufficient time to detect—and reject—the second fraudulent attempt.
In short: Six confirmations are generally enough that, for all practical purposes, the risk of a malicious reorganization (aka “reorg”) large enough to erase your transaction becomes negligible.
A zero-confirmation payment has not yet been included in any block. Accepting any payment with no confirmations is risky because:
Some merchants will choose to accept zero-confirmation payments for the sake of time on low-value transactions, and they accept the higher risk involved.
A blockchain reorganization happens when the network creates two temporarily competing chains. This happens if two miners find a valid block almost exactly the same time. Eventually, one chain will gain more proof-of-work than the other, causing the shorter chain’s record of transactions to be discarded.
By waiting on six blocks to confirm, the probability of a reorg invalidating your transaction becomes astronomically low. This is the main reason “six confirmations” is the rule of thumb for larger, high-stakes transfers.
Bitcoin operates worldwide 24/7, often handling hundreds of thousands of transactions per day. During peak usage times, the number of unconfirmed transactions can balloon, creating “network congestion.” Whenever this occurs, miners will naturally pick transactions offering the highest fees first, thus pushing low-fee transactions further down the queue.
If blocks are filling up quickly, it can take longer than usual to get even a single confirmation—let alone six. A deeper exploration of average confirmation times and their fluctuations, check out our in-depth resource on how long it takes to send bitcoin.
Hash rate refers to the total computational power all miners combined contribute to secure the Bitcoin network. A higher overall hash rate typically provides stronger security because an attacker would need an equally massive amount of computing resources to attempt a large-scale reorg.
In either case, waiting for six confirmations is the accepted strategy for mitigating one’s risk, regardless of short-term hash rate fluctuations.
Ultimately, the level of acceptable risk depends on the nature and size of each transaction.
Mempool.space is an example of a public blockchain explorer you can use to monitor your transaction’s progress. By entering your transaction ID (TXID), you can see how many confirmations it has and which block it is included in. This transparency is one of the hallmarks of using Bitcoin: everything is publicly trackable on the blockchain, allowing you to verify your funds in real time.
Understanding why six block confirmations matter when sending or receiving bitcoin is essential for transacting safely and confidently. This practice is a direct response to the network’s consensus mechanism, designed to minimize double-spending risks and ensure the highest practical degree of transaction finality. Waiting for six confirmations often means delays during peak network congestion times, but also provides a reliable security standard widely respected throughout the bitcoin community.
Key takeaways:
By having a deeper understanding of confirmations, you will be better prepared to navigate the world of bitcoin efficiently and securely.