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.

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Quote from: o_e_l_e_o on August 19, 2021, 05:32:01 AM

This is a bad method. Let's say I copy an address to my clipboard I want to send some coins to. As soon as I do, some clipboard malware I am unaware of changes it to a malicious address. I then go to my browser and paste the address in, which has now been changed to a malicious address. I now want to double check the address. I hit "Find in page", I go and copy my original address again, the malware again changes it to the malicious address, and I paste the malicious address in to the search box. The malicious address in the search box matches the malicious address in my browser, I hit send, and I lose all my coins.

Some may call it bad method but I always check the address from where I copied it so that I would know if the address I just copied is the same as the original address and not the address from a clipboard malware. I don't know about you guys but this method help me know if my clipboard is affected by a malware or not affected. I don't seem to have problem with it since It also serve as a clipboard malware detection.

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-Newbies- or experts, wallet transaction or just sending a message to someone, continuous convention/custom to rechecking things before sending, reading and grabbing or even writing to post, would be of whoever does it use, furthermore don't only check the address, I know a friend who has over sent more crypto-currency to a receiver than he wanted to send, even transaction fee. I think a curious and very sensitive -Newbie- would always recheck all this information before sending, no matter how basic this advice is.

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Quote from: nakamura12 on August 19, 2021, 05:15:26 AM

Another way to check if your address is wrong or some characters are wrong then I will use "CTRL + F" or go to 3 dots at the upper-right side of the browser then choose " Find in Page" then paste your address and see it if will highlighted all the characters in your address.

This is a bad method. Let's say I copy an address to my clipboard I want to send some coins to. As soon as I do, some clipboard malware I am unaware of changes it to a malicious address. I then go to my browser and paste the address in, which has now been changed to a malicious address. I now want to double check the address. I hit "Find in page", I go and copy my original address again, the malware again changes it to the malicious address, and I paste the malicious address in to the search box. The malicious address in the search box matches the malicious address in my browser, I hit send, and I lose all my coins.

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If using a qr code that contains the address that the btc will be sent is I will use online qr core reader since it is an address not a seed phrase or a private key. When withdrawing from an exchange is I always check the address three times before pressing the send button or withdraw button. Another way to check if your address is wrong or some characters are wrong then I will use "CTRL + F" or go to 3 dots at the upper-right side of the browser then choose " Find in Page" then paste your address and see it if will highlighted all the characters in your address. This mostly works on exchange opened in browsers but for those who used apps will not work.

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Quote from: Kiley33 on August 19, 2021, 01:57:19 AM

It is very convenient to use the QR code, but I don’t know how to check whether the QR code is correct.

There is no easy way to confirm a QR code itself is correct, and indeed, there exists malware which can change QR codes and display malicious ones with different encoded addresses. If you do use a QR code to scan an address (or transaction, or anything else), it is good practice to manually check the address which is then displayed in your wallet as discussed above before hitting sign/broadcast/confirm/whatever.

Quote from: CryptoHeadlineNews on August 19, 2021, 02:51:38 AM

but most mistake newbies make is trying to type a bitcoin wallet address

I very much doubt any newbies are typing addresses by hand, and especially not "most" newbies. As nc50lc has explained, typing an address by hand is very unlikely to lead to loss of funds due to the checksum built in to bitcoin addresses. Base58Check addresses have a 4 byte checksum, meaning that a typo only has a 1 in 4,294,967,296 chance of creating an incorrect but still valid address. Bech32 checksums are slightly different, since they are designed to identify the errors rather than just throw an invalid address error, but they also guarantee a failure rate of less than 1 in a billion.

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Quote from: CryptoHeadlineNews on August 19, 2021, 02:51:38 AM

The best way when sending someone your bitcoin wallet address is to copy and paste it, but most mistake newbies make is trying to type a bitcoin wallet address which sometimes may not be exactly the same and correct because of its mixture of both lower and upper case alphanumeric letters, especially the P2PKH, P2SH and Bech32 wallet addresses and may lead to lost of fund.

It's indeed advanceable to copy paste addresses, then double-check.

However, the statement about "most mistake by newbies" leading to loss of funds due to typo error as the isn't correct.
Because there's a "checksum" in addresses whether it's P2PKH, P2SH or Bech32, so if at least one character is typed incorrectly, the user wont be able to click 'send' at all
unless the wallet is poorly designed or the person is just extremely unlucky that he typo~ed a valid address.
BTW, Bech32 can only be either all upper-case or all lower-case characters, not mixed.

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In addition to the correct address, you also need to choose the right type of public chain, such as ERC2.0, TRC, BSC, HECO, etc.

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The best way when sending someone your bitcoin wallet address is to copy and paste it, but most mistake newbies make is trying to type a bitcoin wallet address which sometimes may not be exactly the same and correct because of its mixture of both lower and upper case alphanumeric letters, especially the P2PKH, P2SH and Bech32 wallet addresses and may lead to lost of fund.

So it's advisable you do Copy and pasting, to avoid further error. Thanks

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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.

It is important to check the address. Once the wrong address is sent, it cannot be retrieved.
I copy and paste again, and then check the address to prevent clipboard malware.
It is very convenient to use the QR code, but I don’t know how to check whether the QR code is correct.

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

Quote from: o_e_l_e_o on October 07, 2019, 03:23:32 PM

Any time I am sending coins from any wallet I physically place the address I know is correct directly from the source, right next to the address I have entered to send to. That usually means either holding my hardware wallet or phone up next to my computer screen, or resizing two windows on my phone or computer to put the two address physically right next to each other. Once you have two addresses which are less than an inch apart, its very easy to check the entire address and not just a few characters at the start or end.

This is the best manual way to check wallet address and it will take just a few seconds to manually verify the address since there are placed between each other, nice concept I will try this out and make a comment on the thread with images if possible.

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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)

o_e_l_e_o

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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.

We tell people to spend hours learning how to verify software, read user guides, familiarize themselves with every aspect of bitcoin. We tell people to spend their money on hardware wallets. And then we tell them to save a few seconds by not checking the full address?

Here is what I do every time I make a transaction. It takes less than 10 seconds:

Quote from: o_e_l_e_o on October 07, 2019, 03:23:32 PM

Any time I am sending coins from any wallet I physically place the address I know is correct directly from the source, right next to the address I have entered to send to. That usually means either holding my hardware wallet or phone up next to my computer screen, or resizing two windows on my phone or computer to put the two address physically right next to each other. Once you have two addresses which are less than an inch apart, its very easy to check the entire address and not just a few characters at the start or end.

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Most software alerts you where you are sending your funds, the fees that you included and how much Bitcoin. You need to use this alert to double/triple check the outputs and fees. Many people send to much in fees and could pay less but wallet software usually makes the fees higher than the current average fee on the blockchain. I do not know why they are doing this it might be intentional to stop people complaining about transactions taking to long. The address you need to check either letter by letter or use neuroticfish's suggestion to check a number of characters at the start, middle and end.

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

or check the first, last and one middle 3 characters

I always check first 3-5 chars, some 3-5 chars somewhere in the middle and 2-3 at the end. I've got this habit since Bitsler website taught me to many years ago and it kept me safe.

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

make sure you double-check the wallet address properly before clicking send.

Indeed, the double check is very important. And it's not because one will get transaction error - that would mean that the transaction was not sent -, instead it's because one may send money to address different from what's intended (for example because of clipboard malware).

Also double check would mean that one checks that the recipient address is for the same currency as intended.

One more thing I'd advise the newbies is to play around a little with the wallet of their choice before using it with real money. Electrum for example (if you use it, please download from electrum.org and verify it!) can be used also on testnet blockchain, with testnet coins. One can get some small amount of testnet coins from faucet and play around with electrum. This way he can learn about change addresses, fee, and all the steps needed for a proper transaction.

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Even if QR code is used, it is very important to check and recheck the recipient address. If you copy and paste the address, it is still better to check and recheck the recipient address. In this two cases, the recipient address can be absolutely correct, but QR code or Clipboard malware can change the recipient address to a hacker's address. Even hardware wallet users can be a victim of this kind of makware.

To manually input an address can lead to an error or a mistake, and that does not mean the address can not still be changed to a hacker's address with clipboard malware or QR code malware, that is why it is better to check and recheck the address.

Also, it is good to always protect our wallet or out wallet extension from malware, without no malware, this change of address from recipient address to hackers one will not happen, but yet we should check and recheck the address we are sending bitcoin to and do all out best to for security, safety and privacy.

Lucius

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There is no great wisdom or secret here, common sense tells us to check all the parameters of the transaction before pressing the send button. While the coin address to which we send or receive a transaction is perhaps the most important part, things like a change address, transaction size, and fee should not be overlooked either.

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.

Pmalek

legendary

Activity: 2730

Merit: 7065

Being your own bank means doing all the necessary work and doublechecking before you click on the 'send' or 'broadcast transaction' button. There really should be no excuse not noticing that the address you intend to send coins to doesn't match with the one the other party gave you especially when the transactions are irreversible. Checking that the destination address is correct is neither difficult nor does it take much of your time. It's just laziness not taking precautions.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

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.

BIN-BIN

member

Activity: 504

Merit: 57

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.

Topic: How to avoid cryptocurrency transaction Error. (Read 404 times)