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c/cryptopay·submitted 1 year ago by u/enzo_ferrari

[Question] how do you actually verify USDC

Questionbranch of 12 comments

how do you actually verify USDC, and I want the answer with the reasoning attached rather than just the conclusion. 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. A token symbol identifies an asset, not…

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12 comments, started 1 year ago
u/chain_confirm_cMOD1.1k points·1 year ago

Left up. It has a hash, a chain and a timeline, which is what a payment report needs.

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u/milos_trevino291 points·1 year 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/curious_panel_only1.3k points·1 year ago

network and address, checked twice, before anything else

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u/karim_hartmann472 points·1 year ago

nobody legitimate needs the payment in the next ten minutes

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u/reflux_report190 points·1 year ago

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

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u/santiago_marchetti90 points·1 year ago

the same token exists on several chains and they are not interchangeable

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u/jarno_cabrera26 points·1 year ago

Push back: an unconfirmed transaction is not a missing payment. Wait for confirmations before escalating.

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u/andres_dahlberg7 points·1 year ago

Careful, that address format belongs to a different chain and sending to it would not end well.

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u/escrow_evangelist45 points·1 year ago

confirmations are the only status that means anything

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u/enzo_ferrariOP27 points·1 year ago

confirmations are the only status that means anything

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

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u/bruno_dumitru6 points·1 year ago

escrow arrangements are rare and worth asking about

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u/chidi_yilmaz367 points·1 year ago

Not convinced. That fee is the network fee at that hour, and it has nothing to do with the supplier.

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