Sending Crypto to the wrong address - page 3.

blatchcorn

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Quote from: mortain on April 27, 2022, 10:48:39 AM

Did it happen to you?
How comfortable are you every time you transfer to a remote address?
Would you be more comfortable using a helper?
What do you use today to mitigate this risk?

If you loss your bitcoin then just move on. There is nothing you can do to recover it. To mitigate this risk best thing you can do is, in case you are transferring a big amount then better send a small amount first to conclude that you are sending to right address.

KaliLinux

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Quote from: mortain on April 27, 2022, 10:48:39 AM

We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
Can you guys help us have a greater perception on the user side?

Did it happen to you?
How comfortable are you every time you transfer to a remote address?
Would you be more comfortable using a helper?
What do you use today to mitigate this risk?

Thanks

I understand that once a transaction is sent there is no reversal to that transaction so are you saying you are developing something that can reverse a sent transaction? The only thing would be for you to check and cross-check your receiving address that it is correct and that you are sending to the right network and coin address, not BTC-WBTC Grin

and so forth.

lovesmayfamilis

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Quote from: Semar Mesem on April 27, 2022, 11:41:33 PM

This is a good idea to help users to send and Bitcoin transactions correctly, in my opinion the easy thing to do is to provide confirmation several times, for example email, sms and so on, if you can provide an option can be canceled when there has been a confirmation that we set then it better.

If you need an assistant, then you must completely trust him, right? But now, when the Internet is full of fraudulent programs, how can a reasonable person trust the software at a time when something can be done independently? It's not such a big task to send it to the correct address. Just follow the rules, keep your system clean to avoid keyloggers, and also take your time, be in a sober state of mind, able to focus properly to check the entered address.

Quote from: roslinpl on April 28, 2022, 03:58:11 PM

It will be happened to all the people in this forum for at least one time.

I've read all the answers and almost no one has made this kind of mistake. But yes, people with experience answered in this thread. But for a beginner, entering the wrong address can be a typical mistake, after which a person will gain experience in avoiding mistakes.

Fortify

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Quote from: mortain on April 27, 2022, 10:48:39 AM

We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
Can you guys help us have a greater perception on the user side?

Did it happen to you?
How comfortable are you every time you transfer to a remote address?
Would you be more comfortable using a helper?
What do you use today to mitigate this risk?

Thanks

It feels a bit like wasted time to be honest and I'm not sure that you would get much transaction with such a piece of software. It feels like something that you might use inside wallet software but not as a standalone product by itself. Do you envisage it as a website or a piece of software to download? As people will, or should, be extremely wary of installing any software on a system even loosely related to their bitcoin funds. There seems like other much greater choices for your time, copy & paste is already an effective helper.

Digitalbitcoin

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Quote from: mortain on April 27, 2022, 10:48:39 AM

Did it happen to you?

No.

Quote from: mortain on April 27, 2022, 10:48:39 AM

How comfortable are you every time you transfer to a remote address?

Very much comfortable. By checking the address of the sender by confirming it twice.

Quote from: mortain on April 27, 2022, 10:48:39 AM

Would you be more comfortable using a helper?

No. To date not used any helper. But in the future, if any services are available then will definitely consider a helper.

Quote from: mortain on April 27, 2022, 10:48:39 AM

What do you use today to mitigate this risk?

I personally always check the sender's address along with the respective chain, and network. Most addresses with exchangers have limited control over cross-chain support, so always check Chain support for a particular address. Blockchain technology is immutable and non-reversible. So always confirm and verify your transaction before making any payment via crypto.

Lubcub62

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Quote from: mortain on April 27, 2022, 10:48:39 AM

Did it happen to you?
How comfortable are you every time you transfer to a remote address?
Would you be more comfortable using a helper?
What do you use today to mitigate this risk?

Thanks

I've never experienced it. and hopefully never.
I always double-check before sending to the intended wallet address.
what always worries me is when withdrawing or sending coins from an exchange to a personal wallet. I've experienced a delay in receipt of up to 5 days less. written on excange has been successfully sent but in personal wallet did not receive. in cex tx it turned out to be wrong. appeal to the exchange is really annoying. so I hope there is an exchange with the feature of using a personal wallet to trade. or exchange wallets can be backed up like waves exchange.

tazmantasik

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Don't Get Involved

Be careful before sending cryptocurrency assets and you can use test first by sending little amount and success receiving you can sent all your funds, I watched on Tiktok video meme have some one sending bitcoin with higher amount but forget to copy one word latest off bitcoin address, looks waiting long time still not received yet and back for checking he was forget with one letter only. This happening just left one letter your assets will loss and not have refund or cancel option like sending on PayPal when have trouble by email we can make cancel and get back money.

alik111

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Before making any transection we should take a look again to make sure that the address and blockchain network are correct. Sending to another network address will also lose crypto.

Rockstarguy

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God is great

One needs to be extremely careful when sending crytocurrency because if any small mistake should be made during transaction it can't be put to order back. When mistakes like this happens this it can be that crytocurrency that is sent to wrong address is huge amount, this can be very frustrating. When making a transaction it important to check the address severely to confirm if it is the correct one that should be sent.

MiF

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Quote from: mortain on April 27, 2022, 10:48:39 AM

We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
Can you guys help us have a greater perception on the user side?

Did it happen to you?
How comfortable are you every time you transfer to a remote address?
Would you be more comfortable using a helper?
What do you use today to mitigate this risk?

Thanks

Double check anything specially when you send a big amount of asset on other address, always put on your mind that once you send it in a wrong address you cannot recover it anymore, there is always a risk in crypto but if you take care of everything there would be no problem at all. Just do it in a slow way with proper understanding and you'll be fine.

so98nn

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Quote

Did it happen to you?

It never happened to me yet and I just hope I will be very careful Like this all the time in future also.

Quote

How comfortable are you every time you transfer to a remote address?

I’m very comfortable while sending to remote address since I would usually check the address minimum three times. To minimise the risk I will ask for QR code instead of copy pasted address and then scan and send the bitcoins. Way more safer than copy pasting.

Quote

Would you be more comfortable using a helper?

Having additional step security measure is not a problem at all. However, I still don’t have exact idea how it would be helping me besides popping a notification have you checked the address?

Quote

What do you use today to mitigate this risk?

Same thing, triple check address and most of the time using QR code.

tazmantasik

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Quote from: Mahanton on April 28, 2022, 03:56:51 PM

Quote from: bitzizzix on April 28, 2022, 12:17:27 PM

Because we control everything, therefore we must be careful and thorough before making transactions and corrections repeatedly until the wallet address is correct.
and I've never experienced it because it's easy for me and so far no errors, just copy paste which I keep very safe and also use a password to do it and after that keep re-correcting to make sure it's correct or not and done.
and we don't need help because this is our own bank and this is the freedom we want, and still have to be careful because if we make a mistake it will be forfeited and that's the risk.

Usually mistakes are really that because of human error.Always just be sure that you would really send out funds on the exact address and you do need to double or triple check if the said address is right.
Considering that crypto transactions are irreversible then its understandable that every sent of funds would really be final thats why you should really be mindful before pressing that
sent button.You wont really be committing mistakes if you arent that careless when it comes to that.

How to anticipate human error by saving bitcoin sending history address first, when have second chance for sending bitcoin not have to copy wallet address. I think with save history sending bitcoin address or altcoin could effective less wrong address sending assets, but usually I sent bitcoin from mobile phone trough with Binance account or using trustwallet always sending by QR Code, maybe sending trough computed is not available and support with mobile phone only for sending assets bitcoin or altcoin.

AakZaki

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zknodes.org

So far I have never done that and hope it will never happen. Another mistake I've made is sending coins that require digit codes to the exchange market. I did that because I didn't know there was a code required, I thought it was just a free code. But it turned out to be like a zip code whose purpose seemed to go directly into my walet in exchange. Luckily it got there but to the common exchanga wallet. I had to email the exchange about this problem, more than three weeks just finished.

D ltr

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1. Yes, I've done it before and there's no hope for my coins to come back, so I think it's useless in this review, it won't come back,
2. It's convenient if the address I use is correct, it doesn't take up to 1 day to wait
3. no I'm more comfortable doing it myself, btw helper in what sense is this?
4. It's not too much to just research in copying the address that I will send periodically between the beginning and the last 8 digits

roslinpl

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It will be happened to all the people in this forum for at least one time.Even it was happened to me also.But my luck,it was not a big amount.I think it was around of 60 dollars.While copying and pasting,I had made some mistake.Then I had contacted the support of that exchange.They said it was loss.Because of the wrong address.It’s better to recheck the address for 5 times to skip such problems.

Mahanton

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Quote from: bitzizzix on April 28, 2022, 12:17:27 PM

Because we control everything, therefore we must be careful and thorough before making transactions and corrections repeatedly until the wallet address is correct.
and I've never experienced it because it's easy for me and so far no errors, just copy paste which I keep very safe and also use a password to do it and after that keep re-correcting to make sure it's correct or not and done.
and we don't need help because this is our own bank and this is the freedom we want, and still have to be careful because if we make a mistake it will be forfeited and that's the risk.

Usually mistakes are really that because of human error.Always just be sure that you would really send out funds on the exact address and you do need to double or triple check if the said address is right.
Considering that crypto transactions are irreversible then its understandable that every sent of funds would really be final thats why you should really be mindful before pressing that
sent button.You wont really be committing mistakes if you arent that careless when it comes to that.

Rikafip

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Quote from: mortain on April 27, 2022, 10:48:39 AM

Did it happen to you?

No.

Quote from: mortain on April 27, 2022, 10:48:39 AM

How comfortable are you every time you transfer to a remote address?

Pretty comfortable. It wasn't like that at the beginning though, I was very stressed when I was sending bigger amounts but after some time you get used to the fact that its non reversible.

Quote from: mortain on April 27, 2022, 10:48:39 AM

Would you be more comfortable using a helper?

Not really, never really thought about wanting to have something like that as I got used to the current system where you are responsible for your own money and no bank or other 3rd can rectify your mistake.

Quote from: mortain on April 27, 2022, 10:48:39 AM

What do you use today to mitigate this risk?

I check first and last 4-5 characters when I am sending smaller amounts but when I am sending bigger ones I usually check the whole address and that's about it. And yes, I am trying to avoid sending crypto when I am in a hurry as that's when people usually make mistakes.

Sterbens

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Duelbits.com

It's all simple, just make sure the address is very correct, check it over and over again, and pay attention to the start and end of the address character. Adjust to the network, because the most important thing is to be thorough and not in a hurry. So far I have never experienced a fatal wrong delivery.

sulendra12

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Quote from: mortain on April 27, 2022, 10:48:39 AM

Did it happen to you?

It's not a wrong address but I did sent it to other network for this example to ERC20 tokens but I sent it to my main ETH wallet on this exchange. But thankfully the exchange was pretty kind to helped me out and they sent back the token to correct place in that exchange, but after that I learned my mistake and double or even triple check everything.

Quote from: mortain on April 27, 2022, 10:48:39 AM

Would you be more comfortable using a helper?

Not at all, if that means using third party application just to make sure you are sending to correct address, then that's not a way to reduce the risk.

Quote from: mortain on April 27, 2022, 10:48:39 AM

What do you use today to mitigate this risk?

Just double check everything, as simple as that.
Copy pasting for several times, do some Ctrl+F if you are on browser, I have tried that until today and I have not received any issue at all after that incident that I have told before above.[/list]

kryptqnick

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Join the world-leading crypto sportsbook NOW!

I wonder what can be done with such mistakes as in crypto addresses... Only custodial wallets with a temporary freeze of funds and reversability. Or a list of tips / a guide in another form of how to NOT make such mistakes. I, personally, never had an address issue. I never use QR code with cryptos, though, because I can't check a QR code (see mistakes, I mean), and there's a lot of scam related to QR code generators. So I just use the addresses, and my rule is to copy and paste it, and check the first and the last 3 or 4 characters just in case. I must say, though, that till this day it's a bit of a stress for me to send BTC, compared to, say, online banking. Because there aren't many steps, there isn't a way to fix anything if you don't get it right, and also because sometimes transactions can get stuck for quite a while because of a sudden spike in fees. If by a helper you mean a person, then definitely not because I'd be worried that this person can have access to some data that can help get to my money, trace something about me etc.

Topic: Sending Crypto to the wrong address - page 3. (Read 794 times)