How to add a payment ID to transactions, for depositing BipCoin on your Cryptopia account (and for other things).

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YOU MUST USE A PAYMENT ID WHEN SENDING BipCoin TO DEPOSIT IN YOUR CRYPTOPIA ACCOUNT.

BipCoin is now on the Cryptopia exchange (here). That’s very cool. So people can now buy and sell BipCoin for other coins, including Bitcoin.

Cryptopia tells you you need a payment ID or you’ll lose your coin that you send them for deposit:

warning

THIS IS IMPORTANT TO NOTE AND FOLLOW. I already talked to one new user who ignored this and lost 200 bips. So…YOU MUST USE A PAYMENT ID WHEN SENDING BipCoin TO DEPOSIT IN YOUR CRYPTOPIA ACCOUNT.

Also, it’s good to know how to use a payment ID in general, many exchanges require it, and we will be on more exchanges in the future. And while a payment ID is not required for most person-to-person BipCoin transfers, you should learn how to use a payment ID. It w applications for BipCoin.

First, here’s where you get your payment ID from. While logged into Cryptopia, go to your “Balances” page, at https://www.cryptopia.co.nz/Balances

NOTE: you can hide any coins┬áthat you don’t follow so they don’t show in the list. Click the far right tick box on coins you want to show up, so you won’t have to weed through the whole list every time. This is useful since many people only deal in a handful of currencies. Here I show how to do it if you only want to see BipCoin and Bitcoin. lol.:

fave-only
Then, while on that page, double click on the “Show Address” of the currency you want to deposit. (#1 below)

Then click the little “copy” icon to the left of the Payment ID, (#2 below).

After you’ve pasted the Payment ID somewhere, to get the address you are to send to, click the little “copy” icon to the left “Base Address”, (#3 below):

copyidandaddress

I recommend sending a small amount (like one bip) the first time you do this, then confirm you did it right (confirm that it’s showing up on on Cryptopia) before sending more.

USING A PAYMENT ID IN THE BipCoin GUI WALLET

The BipCoin GUI wallet has a place to put a payment ID:

guipaymentidfield

Make sure don’t put it in the “Label” field by accident, that’s just for your records.

USING A PAYMENT ID IN THE BipCoin CLI WALLET

It’s a little more complicated than in the GUI, but not much harder really.

This is the formula:

transfer (mixin) (Cryptopia BipCoin address) (number of bips being sent) -p (Cryptopia payment ID)[/b]

Thus this:
transfer 0 bip1ZT7AY9dAE3KYrXcFeoVtFe43WZvGBAA2NFVXXbn4Yxw15gYgekQc7VUFJFHM7DMNsZKRDZAeTe81P8yke37z4JVJupJF1j 2 -p a1cacb20d8ef5fc9868790e8ef1a8385751fd6de01ea7d4463d320cfd614cd1c

uses a mixin of 0

sending to this Cryptopia BipCoin address:
bip1ZT7AY9dAE3KYrXcFeoVtFe43WZvGBAA2NFVXXbn4Yxw15gYgekQc7VUFJFHM7DMNsZKRDZAeTe81P8yke37z4JVJupJF1j

2 bips

with a paymentID (-p) of

a1cacb20d8ef5fc9868790e8ef1a8385751fd6de01ea7d4463d320cfd614cd1c

HINT: Until you get good at it, I recommend working these transactions out in a word processor document and then paste into the CLI wallet when you get them right. It helps also to change the page setup in the word processor from Portrait to Landscape and reduce the text size a little from default to be able to see the whole thing on one line.

It will take a little longer to show and confirm on most exchanges than wallet to wallet with another person (exchanges are processing millions of transactions per hour). It may take up to five to ten minutes to see it incoming as unconfirmed (refresh the page if it’s not showing) and up to ten more minutes to be available to spend on there. (Probably less time though.)

Again, I recommend sending a small amount (like one bip) the first time you do this, then confirm you did it right (confirm that it’s showing up on on Cryptopia) before sending more.

Happy transacting!

–the BipCoin nocturnal hamsters

 

This is required when depositing to Cryptopia. They provide the payment ID along with your deposit address.
The formula for sending with a payment ID from CLI:
transfer <mixin_amount> <address> <sum> [-p payment_id]
then hit “Enter.”

Try sending a very small amount, like 1 bip, the first time you do it.

 

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