Cloudzy 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:

1. A valid and funded cryptocurrency wallet compatible with the
   currencies accepted by Cloudzy (e.g., Bitcoin, Litecoin, DOGE, or
   Tether).

2. Understanding of the transaction fee structure of the blockchain
   network you are using, as this will affect the confirmation time of your
   payment.

3. 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

1. Selecting Your Payment Amount: Choose the credit
   amount to add to your Cloudzy account from the predefined options or
   specify a custom amount.

2. Choosing Your Payment Method: From the payment
   options, pick your preferred cryptocurrency: Tether, Bitcoin, Litecoin,
   DOGE, or TRON.

3. Initiating the Payment: Navigate to the payment
   gateway and follow the prompts to send the payment from your
   cryptocurrency wallet.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.