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David from Xapo &/or anyone who can answer this:
In doing my due diligence and checking out the feedback on Xapo first, I'm seeing that it seems to be a favored wallet for Faucets. Some, like Moon Bitcoin, make direct deposits to Xapo wallet while those with other wallets have to wait until collection day. I'm curious. Why is this?
link for moon bitcoin is http://www.moonbit.co.in/
In doing my due diligence and checking out the feedback on Xapo first, I'm seeing that it seems to be a favored wallet for Faucets. Some, like Moon Bitcoin, make direct deposits to Xapo wallet while those with other wallets have to wait until collection day. I'm curious. Why is this?
link for moon bitcoin is http://www.moonbit.co.in/
Transactions through Xapo are done off the blockchain, which allows for "instant" payments. If a faucet using Xapo sends to a user who is also using Xapo, the payment is then instantaneous. A bunch of faucets seem to be switching over to Xapo because of this, that and because Xapo's system is free to use and reimburses miner fees, which can save faucets quite a bit of money.
mari88 can you share how many users use instant pay with xapo versus address? Is it significant?
I would be interested to know this as well
Re: [ANN] Xapo Faucet API- more benefits, zero fees for deposits and withdrawals
Hi I have that script on a faucet but I got hacked. I'm trying to find the exploit that they use. So if anybody security savy could check up the code and find the hole it would be good.
I think the script owner just patched the bug. On https://github.com/chipshotDEV/FaucetBuilder take a look at the bug fixes at the top.
I am creating a faucet and noticed why some faucets like motherfaucet, moonbitcoin and freebitcoin can pay more to users.
Looks like if you pay to users with the Xapo credit api you can do it via email ( if the user is Xapo user) or address (if user is non-xapo user).
Now Im trying to understand how faucets can pay more if they use Xapo.
Looks like if you pay to a Xapo user there is no fee because it's off blockchain. If you pay a non-Xapo user Xapo returns the miner fee to the faucet owner.
Does this make sense? Can anyone using them say if this is correct?
Looks like if you pay to users with the Xapo credit api you can do it via email ( if the user is Xapo user) or address (if user is non-xapo user).
Now Im trying to understand how faucets can pay more if they use Xapo.
Looks like if you pay to a Xapo user there is no fee because it's off blockchain. If you pay a non-Xapo user Xapo returns the miner fee to the faucet owner.
Does this make sense? Can anyone using them say if this is correct?
Yes, if you set up a Xapo faucet whether via the script (https://github.com/chipshotDEV/FaucetBuilder) or through the APIs (https://developers.xapo.com/api/#credit-api) there are no associated costs or fees, which allows for faucet owners to payout more to their users. The transactions are also much faster than alternatives; Xapo transactions are instantaneous and non-Xapo transactions are >24 hours.
Once you create the faucet, be sure to get your faucet on the Xapo faucet lists!
Re: [ANN] Xapo Faucet API- more benefits, zero fees for deposits and withdrawals