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

[PSA] gas fees are not what most of this community thinks it is

PSAbranch of 9 comments

Short public-service post: gas fees are not what most of this community thinks it is. Sent a test amount first on a large order. Cost me a fraction of a percent and I have done it every time since. The transaction hash is the canonical receipt: it is public, verifiable by either party, and it is what a support query…

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9 comments, started 1 year ago
u/chain_confirm_cMOD160 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/reflux_report46 points·1 year ago

The one mistake that cannot be undone, and why it keeps happening.

The same token symbol exists on multiple chains. The wallet interface shows you the symbol prominently and the network in small type. Sending on the wrong chain to an address that looks perfectly valid usually means the funds are unrecoverable by either party.

The protection is procedural rather than technical: confirm the network in writing with the recipient before sending, verify the address format matches that network, and send a small test first. None of that requires understanding the chain — it requires treating the network field as the most important thing on the screen, which the interface design does not encourage.

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u/reverse_image_ron51 points·1 year ago

Left up.

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

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u/tove_ogunleye129 points·1 year ago·edited

How many confirmations does it show?

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u/ledger_modOPmod · vetting73 points·1 year ago

Got a quote with a fifteen-minute expiry and assumed it was a pressure tactic. It was just a held rate.

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u/andres_dahlberg44 points·1 year ago

confirmations are the only status that means anything

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[deleted]31 points·1 year ago

[deleted]

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u/ledger_modOPmod · vetting52 points·1 year ago

Which network, exactly?

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u/zaid_dahlberg32 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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