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c/cryptopay·posted 2 years ago by u/tove_ogunleye

[Discussion] can we stop arguing about network until somebody posts a number

Discussion Clean Column ×3 Slow Clap ×2

The title is the whole question — can we stop arguing about network until somebody posts a number — but here is why I am asking.

Rate quotes expire because the underlying rate moves. A short expiry is ordinary; urgency about your decision is a separate signal and should be read separately.

A test transaction costs one extra network fee and verifies the address, the network and the recipient’s crediting process before the main amount moves.

The transaction hash is the canonical receipt: it is public, verifiable by either party, and it is what a support query should quote.

Ask me anything specific. Anything general I will probably get wrong.

2,000 up / 582 down77% upvoted27 commentsid 18uebw6 Apr 2024

27 comments

13 in this archive, depth 3

best — the order this archive was captured in

u/stablecoin_steveMOD220 points·2 years ago

Moved from the vendor board. Payment mechanics live here.

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[removed]144 points·2 years ago

[removed by moderator]

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u/ms_fragmenter79 points·2 years ago

Same. Asking which networks are accepted before ordering has saved me twice.

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u/escrow_evangelist62 points·2 years ago·edited

Moved from the vendor board.

This is the check that prevents the only genuinely unrecoverable mistake in this thread.

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u/tove_ogunleyeOP26 points·2 years ago

Correcting myself upthread: it was 3 confirmations, not the number I posted, and it settled fine.

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u/jarno_cabrera101 points·2 years ago

quote expiry is a real thing, not a pressure tactic

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u/greta_nilsen161 points·2 years ago

Some chains require a memo or destination tag to route funds to the right account. Omitting it on those chains is one of the more common ways payments go astray.

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u/zaid_dahlberg120 points·2 years ago

Network fees are set by chain congestion at the time of sending. They are paid to the network, not to the recipient, and they vary by hour as well as by chain.

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u/anya_antonsen86 points·2 years ago

gas is not the supplier’s fee

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u/chain_confirm_cpayments99 points·2 years ago·edited

Nearly sent on the wrong network. The token symbol was identical and the address format was the only clue.

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u/milan_chukwu56 points·2 years ago

Agreed. Network first, address second, amount third, and in that order every time.

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u/rasmus_kuipers43 points·2 years ago·edited

Confirmations are the count of blocks built on top of the one containing your transaction. Until there are some, the transaction is not settled in any meaningful sense.

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Paying for research material with crypto: which networks vendors actually credit, confirmation windows, memo/tag requirements, gas versus discount arithmetic, escrow for group buys, and the total absence of chargeback rights. Not investment discussion — payments only.

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