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

unpopular opinion: most of what gets said here about confirmations are guesswork

Warningbranch of 7 comments

unpopular opinion: most of what gets said here about confirmations are guesswork. It is the sort of thing everyone half-believes and nobody writes down. Got a quote with a fifteen-minute expiry and assumed it was a pressure tactic. It was just a held rate. Sent to the right address on the wrong chain years ago.…

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7 comments, started 1 year ago
u/nora_ramos35 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/amara_kuipers17 points·1 year ago

Disagree — a quote expiry is normal when a rate is being held. Pressure to decide immediately is a different thing.

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u/the_poster_in_question_20264 points·1 year ago

fees vary by chain and by hour, not by supplier

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