ᐈ Is Bitcoin protected | official Bitcoin exchanger BUYBank
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Bitcoin Security

What’s a Bitcoin network confirmation?

This is a mechanism to protect the same bitcoins from re-spending. When you transfer coins from your wallet to a new owner, a request is sent to the Bitcoin network to include your transaction in a new block. In the classic Bitcoin client, the request becomes legitimate, and the transaction is considered completed after 6 confirmations of inclusion in the block. We consider the payment accepted and activate the ticket (code) to receive money after the second confirmation of bitcoin transaction.

Is Bitcoin Protected?

Has Bitcoin ever been hacked?