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im new to this world and i would like to understand better. i have an online platform and i would like to recive bitcoin payments from end costumers directly to my wallet without using 3d party.

i understood that Bitcoind is one of my options. actually i would like to implement a bottom in my website.

let me know if this flow is possible: 1. end costumer want to deposit BTC. 2. he gets unique address for his transaction that is connected to my wallet directly. 3. waiting for at least 1 confirmation from the Blockchain network. 4. his account credited in the platform.

thanks,

  • Using only 1 confirmation is extremely risky. Blockchain forks for reorganization of one block is very frequent and would be a big attack vector that can be exploited. The recommended waiting time is 6 blocks, but if you are willing to take some risk, you can use 2-3 blocks. – Ugam Kamat Jun 25 at 11:10
  • hey, thank you for your quick response. i will take your advise regarding the confirmations. the flow that i wrote above is correct? possible? – G L Jun 25 at 12:48

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