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Results tagged with payment-id
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A Payment ID is an encrypted, arbitrary and optional transaction attachment that consists of 8 bytes. A Payment ID is usually used to identify transactions to merchants and exchanges: Given the intrinsic privacy features built into Monero, where a single public address is often used for incoming transactions, a Payment ID is useful to tie incoming payments with user accounts.
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Which payment ID to receive XMR on an address generated with moneroaddress.org?
Payment IDs are not required if it is your own wallet address.
Payment IDs are only required if sending to a custodial wallet because most custodians only have one XMR address thus the need for a uni …
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