Why you should not send transactions from a crypto exchange?

It is strongly not recommended to initiate a payment through cryptocurrencies exchanges/web wallets such as Coinbase, Bittrex, etc. The reason is due to the significant delay and sometimes fees charged by the exchange. As a result, transactions often arrive too late (when the invoice has already expired) and / or not enough amount is sent (so the invoice is underpaid). This is why we recommend to use one of many opensource wallets, where you control the exact amount sent and when the transaction will be sent.

Please note that when you initiate a payment through CoinGate (our cryptocurrency gateway), you only have 20 minutes to complete the payment.

Furthermore, you do not control your own bitcoins when using a web wallet, so you introduce counterparty risk and thus negate one of the main benefits of cryptocurrencies - to be in full control of your own money.

To learn how you can install and configure a cryptocurrency wallet, visit a blog post by CoinGate here: https://blog.coingate.com/2017/01/bitcoin-wallet-guide/

  • cryptocurrencies, cryptocurreny, crypto, bitcoin, ethereum, btc, eth
  • 1 Utilisateurs l'ont trouvée utile
Cette réponse était-elle pertinente?

Articles connexes

Do you have setup fees?

Most of our products and services are setup 100% free. However, certain products or services...

Are there any hidden charges?

There are no hidden fees to pay with Jolly Works Hosting. The price you see from our website is...

Can I pay you using my Credit Card or Debit Card?

Yes. Jolly Works Hosting accept Credit Card and Debit Card payments through our payment gateway...

Can I upgrade to another plan later on?

Yes. You may upgrade to any higher web hosting plan anytime you want. Just contact support for...

How long does it take to setup a VPS or Dedicated Server?

Our average turn around time is 2-3 business days for dedicated servers, while for VPS, it is...