Navigating Crypto Payment Confirmations

If you want to choose cryptocurrency as a payment method at Cloudzy, you need to understand the blockchain network confirmation process. This critical step affects the time it takes for transactions to be confirmed and for credits to be applied to your account. The confirmation wait time is directly affected by the network fees paid: higher fees can lead to quicker confirmations, whereas lower fees may lead to a wait time of up to 72 hours. This article will clarify the crypto payment process, explain the impact of transaction fees, and set clear expectations for you during the confirmation window.

Prerequisites

Before initiating a cryptocurrency payment with Cloudzy, make sure you have the following:

A valid and funded cryptocurrency wallet compatible with the currencies accepted by Cloudzy (e.g., Bitcoin, Litecoin, DOGE, or Tether).
Understanding of the transaction fee structure of the blockchain network you are using, as this will affect the confirmation time of your payment.
Awareness of the current network congestion, which can impact transaction speeds regardless of the fees paid.

With these prerequisites in place, you'll be better prepared to navigate the crypto payment process effectively.

Crypto Payment Verification

Selecting Your Payment Amount: Choose the credit amount to add to your Cloudzy account from the predefined options or specify a custom amount.
Choosing Your Payment Method: From the payment options, pick your preferred cryptocurrency: Tether, Bitcoin, Litecoin, DOGE, or TRON.
Initiating the Payment: Navigate to the payment gateway and follow the prompts to send the payment from your cryptocurrency wallet.
Transaction Fee Selection: At this point, you're required to select a transaction fee. A higher fee will speed up the confirmation, while a lower fee may result in a longer waiting period.
Utilizing Blockchain Explorers:

For Bitcoin transactions, use blockchain explorers like blockchain.com or btc.com, entering your transaction ID (TXID) for tracking.

For Litecoin, explore your transaction through blockchair.com or live.blockcypher.com/ltc.

For DOGE, dogechain.info can provide transaction status updates.

For TRON, complete your transaction through tronscan.org.

For Tether (USDT), depending on the network chosen:

For ERC-20-based transactions, etherscan.io is appropriate.
For transactions on the Omni Layer, omniexplorer.info will be useful.
For TRC-20-based transactions, tronscan.org is the go-to blockchain explorer.

Awaiting Confirmation: The blockchain network needs to confirm the transaction, which can take a few minutes up to 72 hours (in some rare scenarios even more than 72 hours). This waiting time largely depends on the fee and the current network traffic.
Checking Payment Status: If your payment status is Pending, you can check its progress in your Cloudzy account. For detailed tracking, use the transaction ID on the corresponding blockchain explorer.
Receiving Credit: Your Cloudzy account will be credited with the chosen amount once the transaction is confirmed by the blockchain network, allowing you to proceed with using the services.

Understanding the complexities of crypto payments, from selecting transaction fees to tracking confirmations via blockchain explorers, is crucial for a seamless experience at Cloudzy. By following these guidelines and utilizing the provided tools and explanations, you can navigate the confirmation process effectively and enjoy the benefits of cryptocurrency transactions. If you have any questions, feel free to contact us by submitting a ticket.