How to avoid cryptocurrency transaction Error.

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Quote from: kawetsriyanto on December 03, 2021, 04:45:23 PM

or if you are doubtful, many exchanges or platforms commonly also provide a QR scanners in order to scan and copy the wallet address directly.

QR altering malware exists just the same as clipboard altering malware exists. Just because you use a QR code does not mean you are safe, and does not remove the need to manually double check the address before signing/broadcasting the transaction.

Quote from: sheenshane on December 03, 2021, 06:48:12 PM

The best is to check the last and the first 3 characters on the address that you copy-pasted, manual checking is very important to avoid such errors.

The best is to check the entire address. It is not that difficult to produce a vanity address with 6 matching characters. If you only check 6 characters you leave yourself open to theft.

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Quote from: kawetsriyanto on December 03, 2021, 04:45:23 PM

It is about the carefulness in copying and pasting the wallet from the source to the place for the wallet itself. And yes, double check is very important.
or if you are doubtful, many exchanges or platforms commonly also provide a QR scanners in order to scan and copy the wallet address directly.

The best is to check the last and the first 3 characters on the address that you copy-pasted, manual checking is very important to avoid such errors. We never know if our device has been infected with malware, we copy-pasted an address from the hacker and that's possible.

Quote from: kawetsriyanto on December 03, 2021, 04:45:23 PM

However what make a transaction error is not only about the walet, but also the:
- Network in which it uses wrong network (like using BSC network to send ERC20 token wallet
- Lower transaction fee

That's it, this is a very common issue when someone got a mistake sending a coin or the wrong Blockchain network because they similar address. Just like Bitcoin which is the same as Bitcoin cash, or BSC address the same on ERC20 address.

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It is about the carefulness in copying and pasting the wallet from the source to the place for the wallet itself. And yes, double check is very important.
or if you are doubtful, many exchanges or platforms commonly also provide a QR scanners in order to scan and copy the wallet address directly.

However what make a transaction error is not only about the walet, but also the:
- Network in which it uses wrong network (like using BSC network to send ERC20 token wallet
- Lower transaction fee

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Quote from: Mahiyammahi on December 03, 2021, 11:11:56 AM

Topic subject and whole topic seems not suit or perfect I think. You said transaction eror and you are talking about transaction fault which is self made. I came here to see if there's any technical eror or something like transaction get failed if you choose lowers GWEI for cost cutting mainly in erc20.

Every transaction should check by owner's own risk cause money isn't just a paper or trash that you are not care of it.

I barely comprehend the area you are emphasising on, in this thread i have not found any elements of mistakes from the topic sentence to the body composition of the text, actually if you understand the basic concept of this forum you will notice it's like a group of question and answer, op render he or her points of view and it's left for us to portray a possible suggestions or solutions towards it, from my perspective to be known how to eradicate transaction errors via cryptocurrencies generally is very necessary and it needs a discussion from different perspectives.

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Topic subject and whole topic seems not suit or perfect I think. You said transaction eror and you are talking about transaction fault which is self made. I came here to see if there's any technical eror or something like transaction get failed if you choose lowers GWEI for cost cutting mainly in erc20.

Every transaction should check by owner's own risk cause money isn't just a paper or trash that you are not care of it.

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Quote from: jackg on August 18, 2021, 06:16:13 AM

I'd say you should copy and paste wherever possible and either check the first and last 5 characters match (after the "1" or "3" for bitcoin) or check the first, last, and one middle 3 characters. If you pay more attention to certain parts I think you're more likely to pick up when there's a problem.

I have been a victim of such a mistake in the past and I lost about $60 in Bitcoin, but ever since then I always make sure to check the wallet address for the list three times before confirming the transactions.

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Quote from: o_e_l_e_o on November 27, 2021, 07:45:42 AM

Quote from: GeorgeJohn on November 25, 2021, 11:57:56 PM

To avoid this you have to copy the address twice and paste in another unknown message box to cross check if really something is really missing between both, after the cross check and is similar then you paste it on the transaction space you are about to perform, so no much thing by using control button.

Copy and pasting the address to a different text box in addition to the send field of your transaction doesn't achieve anything if you are infected with clipboard malware, since the malicious address will simply be pasted in to both boxes. If you then compare both boxes to each other, the comparison will check out, since you are comparing the malicious address to the malicious address. Instead, after copy and pasting to the send field of your transaction, you should compare this full address (and not just a couple of characters) back to the original address you copied.

Yes, instead of copying the destination address into somewhere we can simply copy and paste them into the send box and double or even triple check the address is right or wrong, most of the time I have the habit of checking the random part of the address is matching or not which is not the right way but its easier and practical.

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Quote from: Luffygroove on November 25, 2021, 11:42:38 PM

I always keep in my mind that I'm all alone in this, so I have to be super meticulous in every step I take in the crypto world. It's not a centralized system when you can easily get some help or support when you make a mistake, and even though you make a mistake in a CEX (which is centralized), it's can't be guaranteed you'll get help immediately so it's always wiser if we do not only do double-check but multiply check to avoid some unnecessary mistakes.

In addition to so many good suggestion already posted on his topic I would suggest to add your address to white list where you send funds frequently and this option is available now on Binance and other good exchanges. As well as now I have seen option on wallets to save favorite address.to avoid sending funds on wrong address. Beside this as a good practice we should check first & last 4/5 alphabets of recipient address and confirm network/chain as well.

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I'm one person who believe in taking their time while doing any financial transactions. I treat finances with the same meticulous approach adopted by lawyers trying out murder cases. I'm never in a rush while transacting, both for sending and receiving. The person at the other end has to wait for me to get through because I would be the one to bear the consequences if any error arose. I don't normally like copying and pasting on any place other than the wallet address and then do what is in the picture below 👇. My phone allows me do that and I think it saves me stress, a lot more than copying and pasting somewhere else and then having to juggle between two different documents. I don't even need to screenshot it while at it. All I do is place my finger on it and act like I'm swiping it to make a second document come on.

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Quote from: GeorgeJohn on November 25, 2021, 11:57:56 PM

To avoid having issues in transaction via wallet transfer of a coins, you have to be extremely careful knowing that any slight wrong address copied will lead to lost of coin, but at this point.

A slightly wrong address will almost certainly result in an invalid address. For legacy addresses, there is only 1 in 4,294,967,296 chance that if you make a mistake with your address that you produce another valid address. With bech32 addresses it is a slightly different, but you can introduce up to 4 mistakes in your address and it will always be detected as being an invalid address.

Quote from: GeorgeJohn on November 25, 2021, 11:57:56 PM

To avoid this you have to copy the address twice and paste in another unknown message box to cross check if really something is really missing between both, after the cross check and is similar then you paste it on the transaction space you are about to perform, so no much thing by using control button.

Copy and pasting the address to a different text box in addition to the send field of your transaction doesn't achieve anything if you are infected with clipboard malware, since the malicious address will simply be pasted in to both boxes. If you then compare both boxes to each other, the comparison will check out, since you are comparing the malicious address to the malicious address. Instead, after copy and pasting to the send field of your transaction, you should compare this full address (and not just a couple of characters) back to the original address you copied.

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To avoid having issues in transaction via wallet transfer of a coins, you have to be extremely careful knowing that any slight wrong address copied will lead to lost of coin, but at this point. To avoid this you have to copy the address twice and paste in another unknown message box to cross check if really something is really missing between both, after the cross check and is similar then you paste it on the transaction space you are about to perform, so no much thing by using control button.

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I always keep in my mind that I'm all alone in this, so I have to be super meticulous in every step I take in the crypto world. It's not a centralized system when you can easily get some help or support when you make a mistake, and even though you make a mistake in a CEX (which is centralized), it's can't be guaranteed you'll get help immediately so it's always wiser if we do not only do double-check but multiply check to avoid some unnecessary mistakes.

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Quote from: BIN-BIN on August 18, 2021, 06:13:25 AM

Most time because of the lent in the numeric of wallet address most newbies and even old members sometimes make mistakes in wallet address which often time lead to loss of the fund and be aware of the irreversible nature of cryptocurrency transaction to avoid this always make sure you double-check the wallet address properly before clicking send.

We always need to double check the recipient address if we are sending funds are our own address if we want to send it to someone else to receive funds as reduction in any digit could be problematic for you.This is not the case with only cryto addresses but normally when we want to send our funds through our bank account we always double check the account number,phone number or branch code so as to avoid any problems and funds are send/received without any hinderace.

For your convenience the wallet always provide you copy icon on the side of the address and you can copy it from there directly or simply copy it and place it in one place like sticky notes or notepad and then simply send it from there but when you have filled the address do one thing to cross-check it once with the original one which is best you can do.The other option is qr code but don't mix them.

Security always come with responsibility on our own ends and we can't lose the rope at any end otherwise the survival chances are less.We learn from our mistakes but don't do the silly ones which could cost you much.Just re-check everything once.

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Most of the transactions having an error are because of human error some of these are having the wrong input of the address, does not support the address given if it's a segwit or legacy address make sure the platform you are using is supported those. The next common error base on my experience too is having sa shortage of transaction fees some of the transactions getting stuck because of low fees, the best way is to speed up if this is supported.

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Quote from: tranthidung on August 18, 2021, 11:07:03 AM

Quote from: o_e_l_e_o on August 18, 2021, 10:23:49 AM

I've never understood why we tell newbies, or anyone else for that matter, to only check a few characters of an address. Checking a few characters is not a foolproof way to protect against clipboard malware now, and it will become even less reliable as time goes on, malware becomes more complex, and vanity address generators become more efficient.

It is not time wasting to check all characters of an address. If I withdraw my Bitcoin from exchanges, I would like to check it two or three times, depend on each exchange confirmation process for withdrawal.

30 seconds for one checking time.
1 min 30 seconds for three checking times.
It is worth to make sure I don't make any mistake for my withdrawal.

How to lose your Bitcoins with CTRL-C CTRL-V (LoyceV)

Since my first transaction through bitcoin blockchain, I always checked every number and letter that I copy pasted to the receiving address text bar, I am doing this because I'm afraid to lose the funds if it there were some mistakes I've accidentally input. That thread that you've mentioned just made me check the address even more.
It's never a waste of time to recheck the address, I have a friend who laughs at me when I'm checking every single text in the receiving address.

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Quote from: nakamura12 on August 19, 2021, 03:09:36 PM

My point for the CTRL+F is for the highlighting the address when I am double checking the address where sometimes it made my eyes watery when checking the address character by character from the wallet and the site I was on.

Sure. So if you use Ctrl+F and then manually type the address in to the search bar while reading it directly from the source to see if it matches what you have copy and pasted, then that is effectively the same as manually comparing the two addresses and is a good checking method. But using Ctrl+F followed by Ctrl+V is not, since it simply duplicates the same method you used to enter the address in the first place and does nothing to protect against clipboard malware.

Quote from: Welsh on August 20, 2021, 09:23:07 AM

-snip-

I put my hardware wallet next to my computer screen for every transaction to make double checking easier. I got a 6 foot long USB cable from Best Buy for like $5.

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Quote from: Lucius on August 18, 2021, 08:15:56 AM

I think that hardware wallets play a very big role here because they actually force us to confirm everything that is important before approving the transaction - although this can be a bit problematic on some HW that does not show the entire coin address at once, but in parts - example.

Kind of; they're still susceptible to most of the pitfalls users make though. For example, a hardware wallet prompts you that you want to send x amount to Y address, but how many users confirm that the address is character by character correct? Probably not many, some are probably more drawn to the amount they are sending. What's annoying about hardware wallets is they generally have quite small connectors (USB), and if you wanted to check side by side on your computer screen, and the screen of the hardware wallet, you couldn't because it's to small. Every time you look away from your computer screen to your hardware wallet screen your increasing your chances of making a mistake.

For example, if you had an address which has Zz in the address right next to each other, but you look away while checking, you could mistake that lower case z as the Z you've already typed, basically only putting one Z instead of two Zz.

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Quote from: Lucius on August 18, 2021, 08:15:56 AM

I think that hardware wallets play a very big role here because they actually force us to confirm everything that is important before approving the transaction[/url].

This is something that I love from my Ledger (and whatever other similar hardware wallet). Double checking is common sense, but we are humans and anyone can have a bad day from time to time and miss a letter. As posted above, being your own bank carries many benefits but some challenges as well.

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Quote from: o_e_l_e_o on August 19, 2021, 03:00:58 PM

Which is what you should be doing. The Ctrl+F method does not provide any protection against clipboard malware. If you are going to manually check the address from the source, then the Ctrl+F method is unnecessary. If you are not going to manually check the address from the source, then the Ctrl+F method alone does not prevent your coins from being stolen.

Either way, it is a bad method. Copy and paste to enter the address, then manually check. There is no point using the same method (copy and paste) to both enter and check the address.

Okay you convinced me that it is a bad method. My point for the CTRL+F is for the highlighting the address when I am double checking the address where sometimes it made my eyes watery when checking the address character by character from the wallet and the site I was on. I have tried it myself but since you said that it is a bad method then I won't suggest or recommend it. Well, this should be noted that it is a bad method for others to know and stop doing it. There may be other people doing the same method as I did.

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Quote from: nakamura12 on August 19, 2021, 07:43:43 AM

Some may call it bad method but I always check the address from where I copied it

Which is what you should be doing. The Ctrl+F method does not provide any protection against clipboard malware. If you are going to manually check the address from the source, then the Ctrl+F method is unnecessary. If you are not going to manually check the address from the source, then the Ctrl+F method alone does not prevent your coins from being stolen.

Either way, it is a bad method. Copy and paste to enter the address, then manually check. There is no point using the same method (copy and paste) to both enter and check the address.

Topic: How to avoid cryptocurrency transaction Error. (Read 402 times)