A warning to all traders wishing to trade with Cryptocurrency

Discussion in 'Digital Currency and Non-Game Sales' started by Techie, Mar 16, 2021.

Thread Status:
Not open for further replies.
A warning to all traders wishing to trade with Cryptocurrency
  1. Unread #1 - Mar 16, 2021 at 9:39 PM
  2. Techie
    Joined:
    Mar 11, 2015
    Posts:
    13,743
    Referrals:
    5
    Sythe Gold:
    8,426
    Vouch Thread:
    Click Here
    Discord Unique ID:
    95627274077868032
    Discord Username:
    _techie
    Summer 2019 St. Patrick's Day 2017 Easter 2020 (2) Summer 2021 (2) Two Factor Authentication User I saw Matthew Hoover Rakashrug CoolHam Nitro Booster (4)
    Sythe's 15th Anniversary Member of the Month Winner The Glizz March Madness Easter 2023

    Techie Runewager.com - Osrs Gambling

    A warning to all traders wishing to trade with Cryptocurrency

    The crypto market can experience intense volatility and this can cause confirmations for transactions to slow down.
    Some transactions can take SEVERAL DAYS to confirm depending on how small of a fee is sent.


    Please review the links below to understand what your fee should be before trading!
    • Rates must be inclusive of fees. If you are not paying for the fee you must let your customer know in advance and separately explain how large the fee is.
    • Fees must be confirmed before the trade. In the event a fee is not discussed and a transaction is in limbo due to no confirmations for extended time, the customer is owed the difference if the value of the cryptocurrency were to decrease - the inverse does not apply.
      • In the absence of fee discussion, a maximum confirmation time is applied: 2 hours. You are responsible for the difference if the confirmation time exceeds 2 hours.
    • Good resources to calculate Bitcoin fees: Bitcoin Fees for Transactions | bitcoinfees.earn.com & Bitcoin Fee Calculator, Estimation + Chart of Unconfirmed Transactions
    • Failure to warn your customers may result in a TWC or market ban for serious or repeat cases.
    Note that you should NEVER go through with a trade until you receive at least 1 confirmation on the transaction.
     
    ^ Jeffo, Juws, video and 1 other person like this.
< King's Sythe Donation Services | >

Users viewing this thread
1 guest
Thread Status:
Not open for further replies.


 
 
Adblock breaks this site