Good day,
How do I properly set the XMR payout address? It has only one line and I am accustomed to the two text box versions that the exchanges use.
Thank you.
XMR Payout Format?
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Welcome to the System Support forum! Encounter a problem related to the pool? Post your issue here and we will help you out.
Keep in mind that the forums are monitored by PROHASHING less closely than the official support channels, so if you have a pressing issue, please submit an official support ticket so that our Support Analyst can look into your issue in a timely manner.
We cannot answer financial questions related to your account on a public forum, so those questions should always be submitted through the orange Support button on prohashing.com/about.
For the full list of PROHASHING forums rules, please visit https://prohashing.com/help/prohashing- ... rms-forums.
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Steve Sokolowski
- Posts: 4585
- Joined: Wed Aug 27, 2014 3:27 pm
- Location: State College, PA
Re: XMR Payout Format?
The exchanges have two boxes because they have an "address" and a "payment ID." Here, you should enter the address only.
The "payment ID" allows the recipient to differentiate between who sent the payment to that address. The idea is that, instead of generating one address per customer, an exchange can generate one receive address and provide a different payment ID to each customer.
A payment ID is not required for transmitting money across the Monero network. Unless you are running an exchange, you can still receive money in your wallet without providing a payment ID.
The "payment ID" allows the recipient to differentiate between who sent the payment to that address. The idea is that, instead of generating one address per customer, an exchange can generate one receive address and provide a different payment ID to each customer.
A payment ID is not required for transmitting money across the Monero network. Unless you are running an exchange, you can still receive money in your wallet without providing a payment ID.
Re: XMR Payout Format?
Thank you for the information.Steve Sokolowski wrote:The exchanges have two boxes because they have an "address" and a "payment ID." Here, you should enter the address only.
The "payment ID" allows the recipient to differentiate between who sent the payment to that address. The idea is that, instead of generating one address per customer, an exchange can generate one receive address and provide a different payment ID to each customer.
A payment ID is not required for transmitting money across the Monero network. Unless you are running an exchange, you can still receive money in your wallet without providing a payment ID.
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Chris Sokolowski
- Site Admin
- Posts: 945
- Joined: Wed Aug 27, 2014 12:47 pm
- Location: State College, PA
Re: XMR Payout Format?
As an update to any users who may read this post, we do not support Payment IDs for Monero, so please do not directly deposit Monero to exchanges that require Payment IDs such as Poloniex or else the coins will be lost.
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Steve Sokolowski
- Posts: 4585
- Joined: Wed Aug 27, 2014 3:27 pm
- Location: State College, PA
Re: XMR Payout Format?
I hope to add support for Payment IDs sometime during the last two weeks in December. Until then, you can take payouts in Monero into a personal wallet, which can then be transferred to an exchange for trading from your own wallet.