the gas fees question that gets asked weekly, answered properly
Something I keep coming back to: the gas fees question that gets asked weekly, answered properly.
Nearly sent on the wrong network. The token symbol was identical and the address format was the only clue.
Asked which networks FGP accepted before ordering and picked the cheapest one at that hour. Saved more than the difference in price.
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.
That is everything I have. The rest is opinion and I have tried to keep it out.
best — the order this archive was captured in
What is and is not the supplier’s fault, since this board generates unfair complaints.
Not theirs: the network fee, chain congestion, confirmation time, the rate moving between quote and send, and a payment sent on the wrong chain. Theirs: which networks they accept, how quickly they credit a confirmed payment, and whether the address they gave you was correct and communicated clearly.
Keeping those columns separate makes the reports here far more useful. A thread titled "supplier took my payment" that turns out to describe forty minutes of unconfirmed transaction helps nobody and follows people around for years.
Sent to the right address on the wrong chain years ago. Nothing to be done. That is the lesson I paid for.
Sent to the right address on the wrong chain years ago.
This is the check that prevents the only genuinely unrecoverable mistake in this thread.
keep the hash, it is the only receipt that exists
I would not treat a delayed confirmation as evidence of anything at all. Chains have busy hours.
escrow arrangements are rare and worth asking about
confirmations are the only status that means anything
Wallet address redacted from the post above. Hashes are fine here; addresses are not.
Pasted rather than typed the address, then checked the first and last six characters. Habit now.
the same token exists on several chains and they are not interchangeable
Correction: that address format is not the chain you named. Worth checking before anybody follows this.
nobody legitimate needs the payment in the next ten minutes
a payment sent on the wrong network is usually gone
send a test amount first if the total is large
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.
the supplier cannot reverse it and neither can you
Was there a memo or tag requirement on that chain?
ask which networks they actually accept before you order
gas is not the supplier’s fee
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.
network and address, checked twice, before anything else
network and address, checked twice, before anything else
Agreed — and the hash is the receipt. Nothing else is.
- 1confirmations are the only status that means anything7 comments in this branch · started by u/tove_ogunleye