How many confirmations should a bitcoin wallet have?

Regarding Bitcoin transactions and their confirmations, there are general guidelines that users often follow.

Many Bitcoin wallets employ a confirmation system to ensure the security and validity of transactions.

For smaller transactions below $1,000, a single confirmation is generally deemed sufficient. This provides a reasonable level of assurance for low-value transactions.

However, for transactions ranging from $1,000 to $10,000, a higher level of security is often desired. In these cases, three confirmations are recommended to mitigate the risk of double-spending or other fraudulent activities.

When it comes to larger transactions, especially those up to $1,000,000, a more rigorous confirmation process is typically adopted. Six confirmations are the standard for such high-value transactions, ensuring a higher degree of security and irreversibility.