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  1. #1
    iso2009 is offline Public Member
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    Default crypto payment has not arrived

    I am posting here because (sadly) the support system takes a lot to respond, and probably this thread will help other affiliates.

    Please bear with me since this is my first crypto payment and I am not savvy in this field of crypto.

    I was expecting a payment on July 23 and I put my Binance wallet address as the recipient. So this means the coins will go directly to the exchange wallet. I learned now this is not common practice - not sure why.

    So far, nothing in the wallet. Binance asks me for a transaction id (I have none), and Webpartners doesn't seems to have other notifications regarding this issue. So, where are the money? I can't believe they are simply lost somewhere.

    Can you please help me?

  2. #2
    casinobonus4u is offline Brand New Member
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    Default

    From what I know, Binance is a trading platform not a personal wallet and you can't receive payments to a Binance account.
    You should be able to check transactions to/and from a wallet using a blockchain explorer.

  3. #3
    efialtis is offline Private Member
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    If Gold Affiliates have sent the payment, they got to have a tx id. Nothing we can do without a transaction id.

  4. #4
    tufty is offline Public Member
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    If you are expecting this payment from webpartners, they have not paid yet this month. At least they have not paid me yet and they are usually right at the end of the month, so nothing unusual there. They are slow, but at least consistent.

    Once they pay, your payment should arrive in Binance no problem, so no need to panic yet and no need to do anything yet (except maybe email webpartners to ask when they will bother to send it). But, yes, you should not really send betting affiliate payments direct to an exchange. An easy way to get banned from the exchange. You need to get up to speed with using a wallet. An exchange is not a wallet, it is an exchange. So you send payment from webpartners to a wallet address you have and then from there you can send it to Binance. There are threads on this forum discussing this at length. There are lots of wallet options. I use Electrum, which is downloadable software to your PC or whatever and easy to learn. Getting yourself sorted with a reliable wallet is pretty crucial if you will be handling BTC going forward.

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    iso2009 (26 July 2021)

  6. #5
    iso2009 is offline Public Member
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    Thanks a lot for the info! Well, moving forward I will get a simple wallet to receive crypto payments.

    Good thing is that probably this payment will be ok (directly to Binance). Maybe there's still time to switch from Binance to a normal wallet. Thanks again!

  7. #6
    tufty is offline Public Member
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    Just to add, because it shows as paid within webpartners does not mean they have sent it yet. I think it just means they have sent the instruction to pay to the dept / company that actually makes the payment for them.

    PS: I dont think there is time to switch for this payment. I'd just do it for future payments. You should be ok for this payment.

  8. #7
    tufty is offline Public Member
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    iso2009 (30 July 2021)

  10. #8
    iso2009 is offline Public Member
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    yup, still nothing
    Last edited by iso2009; 30 July 2021 at 9:27 am.

  11. #9
    iso2009 is offline Public Member
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    Got the payment last Friday, right at the end of the month.

  12. #10
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    Sherlock is offline Public Member
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    Quote Originally Posted by iso2009 View Post
    Thanks a lot for the info! Well, moving forward I will get a simple wallet to receive crypto payments.

    Good thing is that probably this payment will be ok (directly to Binance). Maybe there's still time to switch from Binance to a normal wallet. Thanks again!
    Just do not send payments directly to Binance. Just DO NOT do it. There were many threads about this and how you have to use your wallet 1st. Yes, so far no problem, because Binance did not give a f.... But if you read news how they were just cut off SEPA, how they slashed payouts for non verified accounts, how CZ wants a new CEO who will be excellent at compliance etc... You know times will change and you can have your valuable acount blocked or even money frozen in future. And why? Because you are lazy to resend the coins.

    At Binance it is even much much worse, because one can not change the depositing address, so all payments each month from all affiliate programs go to one address (ok you can use 2 if you use segwit).
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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  14. #11
    iso2009 is offline Public Member
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    I transferred $500 worth of BTC to one of my programmers (it was during the weekend) and the fee was $23. That's the main reason I should not use Binance in the first place. I think with a normal wallet like Electrum the fee should be much lower?

    I also wanted to transfer the remaining to Electrum, but the fee was obviously a lot bigger. So I am going to withdraw them to my card instead and receive any future payment via Electrum.

  15. #12
    Sherlock's Avatar
    Sherlock is offline Public Member
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    Quote Originally Posted by iso2009 View Post
    I transferred $500 worth of BTC to one of my programmers (it was during the weekend) and the fee was $23. That's the main reason I should not use Binance in the first place. I think with a normal wallet like Electrum the fee should be much lower?

    I also wanted to transfer the remaining to Electrum, but the fee was obviously a lot bigger. So I am going to withdraw them to my card instead and receive any future payment via Electrum.
    Yes, the fees from exchanges are always much bigger than from your wallet like electrum. Exchanges make a lot of money, I would say over 50% just from withdrawal fees (at least the Asian ones with low trading fees, Binance is somewhere in between).

    You absolutely do not want to use your Binance account for money processing. It is not just fees higher by order(s) of magnitude. Your nice programmer might buy marihuana or whatever with the coins you sent him and if he is doing the non-sane transactions like you do, YOU might be in trouble.

    Fees at echanges are static, so they are not lower over weekend. You have to use your wallet and understand this: https://jochen-hoenicke.de/queue/#BT...pool),1w,count If you do not just write me PM. I will explain you over Telegram.

    Then you would see that you could have instantly (withing 10 minutes) paid your programmer during weekend for less than 10 cents.

    Another pro tip: Binance acct2acct transfers are for free. So BTC payment from account to account is for free. But please, please do not do it with gambling money that you send to someone where you are not 100% sure what he is doing with the money. You will not have another chance to have another Binance account and Binance has a decent chance to monopolise crypto offramp world like Google did it. Do not be lazy. Pay people from your wallet for very low fees 46 of 48 months each 4 years. Since we are in grey business, you MUST learn it. It is not so hard at your point. I think you understand 70%, just learn the 30%. I will help you.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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    MMM (5 August 2021)

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