[Question] Australia — has anyone got a straight answer on confirmations
Question in the title, detail here: Australia — has anyone got a straight answer on confirmations.
A token symbol identifies an asset, not a network. The same symbol commonly exists on several chains with incompatible address formats, and sending across that boundary is generally unrecoverable.
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.
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.
Corrections welcome, especially the pedantic ones. Pedantry is how this board earns its reputation.
best — the order this archive was captured in
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.
Escrow is not standard in this space. Wanting it is reasonable; expecting it as default is not.
Retitled from an accusation to a description while the confirmations catch up.
Push back: an unconfirmed transaction is not a missing payment. Wait for confirmations before escalating.
Pasted rather than typed the address, then checked the first and last six characters. Habit now.
Cosigning on keeping the hash. It is the only receipt in existence and people screenshot their balance instead.
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.
[deleted]
quote expiry is a real thing, not a pressure tactic
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.
Asked which networks WWB accepted before ordering and picked the cheapest one at that hour. Saved more than the difference in price.
Correcting myself upthread: it was 22 confirmations, not the number I posted, and it settled fine.
Agreed that quote expiry is ordinary. Rates move and a time-limited quote is not a pressure tactic on its own.
Yes — the same token symbol on two chains catches people constantly and it is unrecoverable.
This. A test transaction on a large order costs a fraction of the fee and removes the whole class of risk.
Small fix — that is the network fee, not a supplier charge. The distinction matters for the complaint you are making.
screenshot the transaction hash, not the wallet balance
Right, and confirmations are the status. "Sent" means nothing until the chain agrees.
- 1Retitled from an accusation to a description while the confirmations catch up.7 comments in this branch · started by u/escrow_evangelist