Hi,
each time I try to use crypto as payment, new obstacles seem to grow before me. This time, the problem is that the site I'm purchasing BTC from is super slow and may take days to transfer the amount. How will this work if the exchange rate is changing in the meantime?
Let's say Redfox asks me to transfer 0.001 BTC to complete a purchase of 10 Euro (fictional conversion rate). I do so, but the sum arrives at Redfox not today, but next Tuesday. Until then, the exchange rate has gone down, so Redfox would need 0.002 BTC from me to get their 10 Euro value.
As a solution, I could just transfer 0.003 BTC to Redfox, so my balance would surely be covered, and Redfox could transfer the "change" back to me. Is this practical?
For the future I plan to keep the crypto currency in my own wallet, which I have full control over and I can transfer whenever I ef'ing well please. But future is future, while today is about learning. ;-)
Regards
each time I try to use crypto as payment, new obstacles seem to grow before me. This time, the problem is that the site I'm purchasing BTC from is super slow and may take days to transfer the amount. How will this work if the exchange rate is changing in the meantime?
Let's say Redfox asks me to transfer 0.001 BTC to complete a purchase of 10 Euro (fictional conversion rate). I do so, but the sum arrives at Redfox not today, but next Tuesday. Until then, the exchange rate has gone down, so Redfox would need 0.002 BTC from me to get their 10 Euro value.
As a solution, I could just transfer 0.003 BTC to Redfox, so my balance would surely be covered, and Redfox could transfer the "change" back to me. Is this practical?
For the future I plan to keep the crypto currency in my own wallet, which I have full control over and I can transfer whenever I ef'ing well please. But future is future, while today is about learning. ;-)
Regards