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c/cryptopay·posted 1 year ago by u/nils_ferreira

how much of what we believe about gas fees actually comes from USDC threads

Fees Long Haul ×9 Sourced ×2

how much of what we believe about gas fees actually comes from USDC threads. I am not trying to be the "source?" guy. I would just like a source.

Confirmation took forty minutes on a busy evening and I had already written half an angry message. Deleted it.

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

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

Corrections welcome, especially the pedantic ones. Pedantry is how this board earns its reputation.

2,313 up / 476 down83% upvoted36 commentsid 1d1kxi2 May 2025

36 comments

25 in this archive, depth 4

best — the order this archive was captured in

u/sten_palacios-22 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/escrow_evangelistMOD166 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/hugo_pires95 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/nils_ferreiraOP0 points·1 year ago

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

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u/bruno_dumitru45 points·1 year ago

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

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u/rasmus_kuipers38 points·1 year ago

Not convinced. That fee is the network fee at that hour, and it has nothing to do with the supplier.

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u/week_four_wall23 points·1 year ago

nobody legitimate needs the payment in the next ten minutes

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u/ilias_nakamura7 points·1 year ago

send a test amount first if the total is large

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u/greta_nilsen5 points·1 year ago

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.

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u/gradient_goblin2 points·1 year ago

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

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u/yara_mensah106 points·1 year ago

Pasted rather than typed the address, then checked the first and last six characters. Habit now.

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u/the_poster_in_question_202673 points·1 year 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/niels_lindqvist47 points·1 year ago

Rate quotes expire because the underlying rate moves. A short expiry is ordinary; urgency about your decision is a separate signal and should be read separately.

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u/nils_ferreiraOP0 points·1 year ago

Small fix — that is the network fee, not a supplier charge. The distinction matters for the complaint you are making.

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u/sten_palacios0 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/kaia_cabrera25 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/greta_perrin45 points·1 year ago

The transaction hash is the canonical receipt: it is public, verifiable by either party, and it is what a support query should quote.

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u/elin_trevino15 points·1 year ago

Yes — the same token symbol on two chains catches people constantly and it is unrecoverable.

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u/dizzy_on_standing5 points·1 year ago

the memo field matters on the chains that use one

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u/runa_cabrera37 points·1 year ago

ask which networks they actually accept before you order

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u/chidi_vermeulen26 points·1 year 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/santiago_marchetti20 points·1 year ago

network and address, checked twice, before anything else

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u/stablecoin_steve7 points·1 year ago

the supplier cannot reverse it and neither can you

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u/kaia_cabrera16 points·1 year ago

fees vary by chain and by hour, not by supplier

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u/isabela_guerrero8 points·1 year ago

Right, and confirmations are the status. "Sent" means nothing until the chain agrees.

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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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