Hi Coinpayment!
I participate in airdrop and get 100 cps, i want to sell it to my friend 1 also on coinpayment, i filled in "coinpaymentsnet" address and their memo (exactly?), But the platform requires sys do transaction fee:
1. What is the transaction fee?
2. what do i have to do sys do transaction fee?
There's more:
_How long does p2p exchange take to transfer cps to another coin?
_What is the fee for charging coin?
_The fee to withdraw coin (ex: bitcoin) will use sys or bitcoin?
I also like a lot of people are not used to coinpayment, you can answer here and many will find and use it.
Thank you!
In order for your cpscoin transactions to be processed you must have some syscoin in your wallet to cover the gas fee. Our transaction fee is 0.5%.
As per the P2P timeline, it's hard to tell. Like for any other market, you sell when there is a buyer.
Hope this helps and thank you for your patronage
i see this requires more attention, cant see yet full answer to previous questions
so, is coinpayments site using SYS dust for BTC P2P exchange or it is using SYS only for CPS P2P transaction?
Hi,
The answers to your questions were already posted, but to provide a bit more information: CPS Coin is an asset/token built on the Syscoin blockchain and it requires a small amount of SYS to pay the transactions fees (just like ERC20 Tokens require ETH to pay gas fees). This SYS gas fee applies when sending CPS Coin inside or outside of the CoinPayments platform, except when the receiver has a $PayByName. If the receiver has a $PayByName, then the sender won't have to pay any SYS gas fees when sending CPS Coin to the receiver's $PayByName.
The P2P exchange can be used to buy or sell CPS Coins with other users. The time it takes to sell CPS Coin depends on how fast people are buying it.
I'm not sure what you mean by "fee for charging coin", but if you use our merchant APIs in your ecommerce store then we charge a 0.5% fee, but if you're just sending/receiving from our wallets the the only fee you pay is the coin's network fee (and some coins also require gas fees like CPS Coin require SYS and ERC20 tokens require ETH).
