How do I send stablecoin to a source?

[Mfras]

Ugh I’m old and only use cashapp and btc now I gotta figure out stablecoin. No hurry I’m stocked up and yeah I’ll figure it out, but I was happy to tip 10% for unstable currency using btc. Tracy mentioned paypal but that shit is cancer for small business owners they’ll sit on your $ and let you send complaints to an email monitored by a 1990s IBM 286

 

[bigforyouben]

Ugh I’m old and only use cashapp and btc now I gotta figure out stablecoin. No hurry I’m stocked up and yeah I’ll figure it out, but I was happy to tip 10% for unstable currency using btc. Tracy mentioned paypal but that shit is cancer for small business owners they’ll sit on your $ and let you send complaints to an email monitored by a 1990s IBM 286

I've been using coinbase for USDT. Remember you'll also need a little bit of ETH for "gas" fees (at least if you transfer the USDT to a private wallet first, which you should)

 

[Trenmen210]

Is PYUSD on Coinbase the same as the Solana network one?

 

[ackmack78]

Ugh I’m old and only use cashapp and btc now I gotta figure out stablecoin. No hurry I’m stocked up and yeah I’ll figure it out, but I was happy to tip 10% for unstable currency using btc. Tracy mentioned paypal but that shit is cancer for small business owners they’ll sit on your $ and let you send complaints to an email monitored by a 1990s IBM 286

The most important thing is to send your usdc or other stable coin to the correct address over the correct network. Usdc can be sent over the ethereum, tron or Solana network. So if you have usdc and you send to his ethereum address make sure you send it via the ethereum network.
Don't send usdc to his ethereum address using the tron, Solana or any other network. Ethereum address only ethereum network. You will lose all your money and won't get your stuff if you mix addresses and networks

 

[Necessary Evil]

I've been using coinbase for USDT. Remember you'll also need a little bit of ETH for "gas" fees (at least if you transfer the USDT to a private wallet first, which you should)

Would it be possible to explain how a transaction using USDC works? If I understood correctly it could go like this (at least for my case):

1.) Have in my Tangem wallet some SOL for gas fees.
2.) Using Kraken Pro; buy USDC.
3.) Transfer from Kraken Pro to Tangem using ERC20/Solana networks.
4.) Transfer from Tangem to QSC USDC using again (?) SOL gas fees and using the network ERC20/Solana?

 

[Astartes]

Yes. In my case I just had Etherium for gas fee to transfer USDC from wallet to QSC via ERC20/solana

 

[Russ99586]

Doesn’t accept Solana but accepts USDT/USDC on a Solana network. I am gonna have to educate myself on wtf that means lol. Not hating just need to learn.

 

[Deezznutzz]

I

The most important thing is to send your usdc or other stable coin to the correct address over the correct network. Usdc can be sent over the ethereum, tron or Solana network. So if you have usdc and you send to his ethereum address make sure you send it via the ethereum network.
Don't send usdc to his ethereum address using the tron, Solana or any other network. Ethereum address only ethereum network. You will lose all your money and won't get your stuff if you mix addresses and networks

Though Tracy said send usdc via Solana or erc20 in his last post on telgram.

 

[kaizoku]

Doesn’t accept Solana but accepts USDT/USDC on a Solana network. I am gonna have to educate myself on wtf that means lol. Not hating just need to learn.

When he’s sayin he doesn’t accept Solana he really means SOL.

Think of Solana as the network and SOL as the coin. SOL and USDT/USDC can both be sent over the Solana network. The dollar value of SOL can fluctuate up or down, like ETH or BTC. The dollar value of USDT/USDC doesn’t.

So if someone sends QSC $1000 worth of SOL on the Solana blockchain and the market crashes 20% then QSC just lost $200.

If that same person sends $1000 of USDT/USDC over the Solana network and there’s a market crash it’s still worth $1000.

 

[kaizoku]

I

Though Tracy said send usdc via Solana or erc20 in his last post on telgram.

ERC20 tokens are sent over the Ethereum network, so they go to Ethereum wallet addresses.

 

[Deezznutzz]

ERC20 tokens are sent over the Ethereum network, so they go to Ethereum wallet addresses.

I thought it is last post he said no more ethereum networks excepted

NO LONGER ACCEPTED:
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), TRX (TRON), and all other volatile cryptocurrencies.

NEW ONLY ACCEPTED PAYMENTS (Stablecoins Only):
• USDT – on TRC20, ERC20, or Solana networks.
• USDC – on ERC20 or Solana networks.
• PYUSD (PayPal’s crypto) – on Solana network.

 

[kaizoku]

I thought it is last post he said no more ethereum networks excepted

NO LONGER ACCEPTED:
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), TRX (TRON), and all other volatile cryptocurrencies.

NEW ONLY ACCEPTED PAYMENTS (Stablecoins Only):
• USDT – on TRC20, ERC20, or Solana networks.
• USDC – on ERC20 or Solana networks.
• PYUSD (PayPal’s crypto) – on Solana network.

He’s saying he won’t accept payment in ETH.
ERC20 tokens (LINK, USDT/USDC, etc) are still accepted, and ERC20 tokens use the Ethereum network.

Hypothetically you place an order and tell him you want to pay with ERC20 USDC. He sends you an Ethereum wallet address. You go to send the USDC and are asked which network you want to send it on, you select Ethereum or ERC20 (depending on what crypto platform you’re using) and copy paste the Ethereum wallet address. When he gets the money it shows as a token in his Ethereum wallet.

So you’re sending the USDC over the Ethereum network (which by design can process ERC20 token transactions), instead of sending actual Ethereum (ETH) to the Ethereum wallet adress.

 

[Joehenderson]

Not accepting btc at this price is wild tracey is def a buy high sell low type

 

[SmallTitsIRL]

Not accepting btc at this price is wild tracey is def a buy high sell low type

The issue is clearly not the price, but the volatility. And shim has to pay shis suppliers. Can you imagine if they lose 10% on Bitcoin and have to pay out of pocket?
And let's be honest paying using a stable coin is not different from paying with Bitcoin, and for us customer is actually better aswell as fees are lower and she won't hassle you because the price of Bitcoin dropped so now you have to send an additional 100$ to compensate.

Stop complaining, don't like it, don't buy, go to your domestic source that accepts bank/card payments.

 

[ackmack78]

I

Though Tracy said send usdc via Solana or erc20 in his last post on telgram.

Erc20 is the same as ethereum network. Just depends what your wallet calls it. It's all very confusing in the beginning but that other guy laid it out pretty well

 

[Deezznutzz]

He’s saying he won’t accept payment in ETH.
ERC20 tokens (LINK, USDT/USDC, etc) are still accepted, and ERC20 tokens use the Ethereum network.

Hypothetically you place an order and tell him you want to pay with ERC20 USDC. He sends you an Ethereum wallet address. You go to send the USDC and are asked which network you want to send it on, you select Ethereum or ERC20 (depending on what crypto platform you’re using) and copy paste the Ethereum wallet address. When he gets the money it shows as a token in his Ethereum wallet.

So you’re sending the USDC over the Ethereum network (which by design can process ERC20 token transactions), instead of sending actual Ethereum (ETH) to the Ethereum wallet adress.

Thanks. This helps with my next order so I don't mess up.

 

[kaizoku]

Thanks. This helps with my next order so I don't mess up.

Side note, when I included LINK in my previous post I didn’t mean QSC would accept it as payment, just that it is a token that also uses and can be sent on the Ethereum network like USDC.

 

[thunkaboutit]

Maybe this will help someone

Think of usdt and usdc as the currency that holds the value. This is what youre sending that holds value.

ethereum network (erc-20), Solana network, tron network (trc-20); all of these are how the currency is sent over the internet to the vendors wallet.

USDC can have a wallet on the erc-20 network and a different wallet on the Solana network. (Not the same address, double check corresponding networks)

So if you send your usdc using the wrong network / to a wallet address on different network. Your funds will be lost forever to the void.
Match currency to currency and network to network

Also YouTube videos can help you figure this out if youre a visual learner. Good luck nerds

 

[kaizoku]

Maybe this will help someone

Think of usdt and usdc as the currency that holds the value. This is what youre sending that holds value.

ethereum network (erc-20), Solana network, tron network (trc-20); all of these are how the currency is sent over the internet to the vendors wallet.

USDC can have a wallet on the erc-20 network and a different wallet on the Solana network. (Not the same address, double check corresponding networks)

So if you send your usdc using the wrong network / to a wallet address on different network. Your funds will be lost forever to the void.
Match currency to currency and network to network

Also YouTube videos can help you figure this out if youre a visual learner. Good luck nerds

Much better explanation than mine.

 

[Deezznutzz]

Maybe this will help someone

Think of usdt and usdc as the currency that holds the value. This is what youre sending that holds value.

ethereum network (erc-20), Solana network, tron network (trc-20); all of these are how the currency is sent over the internet to the vendors wallet.

USDC can have a wallet on the erc-20 network and a different wallet on the Solana network. (Not the same address, double check corresponding networks)

So if you send your usdc using the wrong network / to a wallet address on different network. Your funds will be lost forever to the void.
Match currency to currency and network to network

Also YouTube videos can help you figure this out if youre a visual learner. Good luck nerds

Okay I think maybe I understand ....So if I want to send USDC should I pick the network first ? and just tell Tracy ...Hey I wanna pay usdc on the erc-20 network. Then he will send me the correct wallet id? Thanks for the help.