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

[Discussion] the crypto advice in here is 2 years out of date

Discussion Receipts ×9 Clean Column ×1 Cold Box ×1

Something I keep coming back to: the crypto advice in here is 2 years out of date.

Pulling the figures out of the title: 2 years. All of it is written down as it happened rather than reconstructed.

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.

Not medical advice, obviously, and nothing here is approved for human use. One person with a spreadsheet.

5,538 up / 390 down93% upvoted66 commentsid 18af4i12 May 2024

66 comments

30 in this archive, depth 5

best — the order this archive was captured in

u/greta_perrin644 points·2 years ago

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.

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u/zeynep_zielinski229 points·2 years ago

Was there a memo or tag requirement on that chain?

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u/search_before_post-35 points·2 years ago

Agreed that quote expiry is ordinary. Rates move and a time-limited quote is not a pressure tactic on its own.

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u/kaia_cabrera1 point·2 years ago

Escrow is not standard in this space. Wanting it is reasonable; expecting it as default is not.

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u/neha_rahimi403 points·2 years ago

A token symbol identifies an asset, not a network.

Disagreeing here: that is a network fee at a busy hour and it is not the supplier’s doing.

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[removed]260 points·2 years ago

[removed by moderator]

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u/dead_space_doug112 points·2 years ago

gas is not the supplier’s fee

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u/escrow_evangelistMOD246 points·2 years ago

Moved from the vendor board. Payment mechanics live here.

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u/leila_silva497 points·2 years ago

Did the address you sent to match the one you were given, character for character?

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u/freya_onwukaOP378 points·2 years ago

Did the address you sent to match the one you were given, character for character?

leila_silva is right about confirmations. "Sent" is not a status.

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u/lina_novak276 points·2 years ago

Do you have the transaction hash?

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u/neha_erdogan174 points·2 years ago·edited

Do you have the transaction hash?

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

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u/curious_panel_only106 points·2 years ago

quote expiry is a real thing, not a pressure tactic

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u/enzo_ferrari238 points·2 years ago

Keep every transaction hash in a note file with the order reference. It has resolved two queries instantly.

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u/karl_fischer_kev142 points·2 years ago

Sent a test amount first on a large order. Cost me a fraction of a percent and I have done it every time since.

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u/nabila_bakken103 points·2 years ago

Which network, exactly?

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u/week_two_confused_202629 points·2 years ago

nobody legitimate needs the payment in the next ten minutes

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u/freya_onwukaOP82 points·2 years ago

Asked which networks WXT accepted before ordering and picked the cheapest one at that hour. Saved more than the difference in price.

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u/ravi_bergstrom173 points·2 years ago

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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u/sunday_shot_sal59 points·2 years ago

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

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u/freya_onwukaOP79 points·2 years ago

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

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u/elin_trevino37 points·2 years ago·edited

Nearly sent on the wrong network.

Agreed — and the hash is the receipt. Nothing else is.

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u/annika_fonseca0 points·2 years ago

Agreed — and the hash is the receipt.

Adding the cheap insurance — test amount first on anything large.

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u/reverse_image_ron1 point·2 years ago

network and address, checked twice, before anything else

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u/sunday_shot_sal20 points·2 years ago

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

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u/salma_baptista135 points·2 years ago

send a test amount first if the total is large

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u/lipid_panel_larrybloodwork111 points·2 years ago

match the address character by character, or paste and verify

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u/elodie_yilmaz65 points·2 years ago·edited

a payment sent on the wrong network is usually gone

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u/ledger_modmod · vetting61 points·2 years ago

This. A test transaction on a large order costs a fraction of the fee and removes the whole class of risk.

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u/chidi_yilmaz42 points·2 years ago

Which networks did they list as accepted?

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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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