Hello all!
Got a pretty noob and URGENT question with the payment id. I have sent a monero(exchange wallet) to my other monero wallet. And the exchange wallet requires a payment ID so i simply generated a random one from the mymonero.com web GUI. Now my Monero coins have yet to arrive for over an hour now.
Question is, is it ok to generate a random Monero payment ID when sending to another wallet? As I have read and understood this is a an ID simply to track the transfer of the coins. And the coins will still transfer with our without the ID or whatever string you input on the payment ID to the proper address.
Also how do you track Monero blocks? Because all I have from my exchange is the payment ID and no transaction blocks? And to be honest I am very worried about losing my coins!
Thanks for the enlightenment.
As a general rule, payment IDs are not necessary for transactions to go through, and if I'm not mistaken they will be deprecated in the next major version. Exchanges used to require them when
receiving coins, so they know which user to credit with those coins. If you are sending the coins to a wallet you operate, you probably don't need a payment ID (unless you expect to receive the exact same amount from other sources too).
That being said, if the exchange's interface has a 'payment ID' field and they made it mandatory, there's nothing you can do about that.
If the exchange has indeed sent the coins, they could probably give you more information on the transaction, like in which block it was included. I would wait a bit and then contact their support.