d5000
Legendary
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Activity: 3948
Merit: 6550
Decentralization Maximalist
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March 03, 2021, 06:01:20 PM |
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I have a request for an addition to the FAQ of your website (assuming good faith).
When people exchange BTC into an altcoin on flyp.me, and due to a transaction fee spike the transfer takes several hours or days until confirmed, Flyp.me will not conduct the exchange (with the current exchange rate) but instead refund the transfer, but subtracting high transaction fees.
I think this is a consequence of the "fixed conversion rate" concept, but I think this should be communicated more clearly. In your FAQ, only the case when you send the transaction late is mentioned. But if you send it in time and it won't confirm early, then you also will get refunded, resulting in a loss of large transaction fees.
There is also no mention of a deadline for the confirmation, so you could use RBF or double spend it.
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