What BitCoin Exchanger Does StripChat use to send us bitcoin as our payment processor

[silvergold86]

Hi @Stella_SC may I know what BitCoin payment processor does Stripchat send us the bitcoin? Thank you.

 

[Stella_SC]

Hello @silvergold86

Bitcoin payouts are sent directly to the Bitcoin (BTC) wallet address that you provide in your payment settings. There is no specific Bitcoin payment processor that you are required to use.

You can use any compatible cryptocurrency wallet that supports receiving Bitcoin (BTC). Simply enter your BTC wallet address in your payment settings, and payouts will be sent there.

 

[KingMarti]

Hello @silvergold86

Bitcoin payouts are sent directly to the Bitcoin (BTC) wallet address that you provide in your payment settings. There is no specific Bitcoin payment processor that you are required to use.

You can use any compatible cryptocurrency wallet that supports receiving Bitcoin (BTC). Simply enter your BTC wallet address in your payment settings, and payouts will be sent there.

I think op was asking how stripchat is getting the bitcoin, with the reason being some sites are using services like masspay that are selling sites their crypto at a 30% markup over market rate meaning that the person being paid essentially gets 70cents for every $1 they are supposed to be paid, which can obviously lead to $100's being missing from a payment.

For OP. I get paid USDT and my payments have always been the full amount I have been expecting from stripchat (after the fee which they tell you about before hand).

Also there are a few different wallet types on the bitcoin network and they arnt cross compatible as far as I am aware.
-Legacy (addresses starting with a 1)
-Nested Segwit (addresses starting with a 3)
-Native Segwit (addresses starting with bc1q)
-Taproot (addresses starting with bc1p)

From what I remember the last time I changed my payment info, I think stripchat supports native segwit

That being said, I am fairly sure that if the wallet type is unsupported the payment system wouldnt allow it to be saved.

 

[silvergold86]

Dear @Stella_SC thanks for your swift response. However, you might misunderstands me. What I meant is what payment processor does StripChat used to send bitcoin exchanger to send BitCoin when they disburse our payment. E.g Luno?

Why asking for such, due to my local BitCoin exchanger for compliance set by my local government they required to fill up the payment processor where this bitcoin were came from.

I hope the above clarifies and hope to hear from you the soonest.

@KingMarti thanks for helping to explain to Stella_SC much appreciates.

 

[rockin_rod]

Dear @Stella_SC thanks for your swift response. However, you might misunderstands me. What I meant is what payment processor does StripChat used to send bitcoin exchanger to send BitCoin when they disburse our payment. E.g Luno?

Why asking for such, due to my local BitCoin exchanger for compliance set by my local government they required to fill up the payment processor where this bitcoin were came from.

I hope the above clarifies and hope to hear from you the soonest.

@KingMarti thanks for helping to explain to Stella_SC much appreciates.

This sounds related to the issue I posted about last week (https://www.ambercutie.com/forums/threads/new-crypto-laws-australian-users.67104/), where in my location, local laws now require detailed information about the sender/receiver.