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

the crypto thing finally clicked for me and I want to write it down

Explainerbranch of 8 comments

the crypto thing finally clicked for me and I want to write it down — a position I have arrived at slowly and would like tested. Keep every transaction hash in a note file with the order reference. It has resolved two queries instantly. Got a quote with a fifteen-minute expiry and assumed it was a pressure tactic. It…

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8 comments, started 1 year ago
u/cesar_ivaturi13 points·1 year 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/santiago_marchetti4 points·1 year ago

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.

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u/freya_onwuka2 points·1 year ago·edited

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

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

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u/lina_novak1 point·1 year ago

network and address, checked twice, before anything else

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u/purity_pedantanalytical2 points·1 year ago

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

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

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u/ilias_nakamura7 points·1 year ago

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

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u/lina_novak2 points·1 year ago

keep the hash, it is the only receipt that exists

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u/nora_ramos1 point·1 year ago

fees vary by chain and by hour, not by supplier

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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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