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.
Topic: Sending Crypto to the wrong address - page 4. (Read 794 times)
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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?
Thanks
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
This is never happened to me . But I'm not saying that it's not going to happen to me or to anyone else, already I heard a few days ago that theymos had mistakenly sent 1000$ in a Newbie account and he backed it up.
Now lets talk about comfort, I am enough comfort with this system cause We don't have to memorize it or type it in order to give this address. Always send by copy-paste or QR scan. And I don't think it will go to the wrong address if you notice very well while pasting or copying this . And even then, if someone mistakely to send it to wrong wallet address, then there is nothing left to do.
I've also heard before about errors in sending tokens, due to carelessness or fate that they belonged to someone else. The development that has been carried out has reached a perfect stage, in my opinion the error is not because the wallet provided is difficult to understand or the security is not strong, it's just that the user is too careless in sending. In using the address in the wallet, we have to check two to three times, even though the address is copied and pasted, but to make sure everything is copied correctly, do a check before confirming the delivery.
- 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!
Every time we are careful in sending tokens, it will always be safe and comfortable. the platform where the token is sent will only display the address, not display the name of the recipient of the token that we will send. When sending, it is recommended to copy and paste the address to avoid mistakes. And double check to avoid shipping errors. I think it will be more comfortable and no problem, unless you are not careful.
If that happens then you will never get your token back. That error would be fatal and unless someone received the token would like to send your Token back, but it is highly unlikely that there would be such a thing. In using the wallet address, do not write it down manually, you can copy the address to avoid mistakes and you should also check again carefully. Some of those errors may have occurred, but I would be very careful about that.
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.
Not any option for canceling after transaction or sending bitcoin this most important before sending keep recheck how use correct address or not, usually I always save wallet receiving bitcoin or when sending another coin on my exchange market account. Not have to copy address again because have on saving wallet for sending coin. I think this good way always use correct address when sending your bitcoin, but have other perfect way when sending bitcoin better use QR code and looks most effective without worry with wrong address. 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?
Thanks
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
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.
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?
Thanks
Never that it happened to me , but I happened to received a funds from wrong sending and instead of keeping it? i returned it back to the sender .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 am not greedy though the amount is only amounting 2000 above that time .
Answering your whole post? nope this can never be taken back unless send back again by the receiver .
I think I never typed an address manually letter/number by letter/number. If that's the case, I think I would be convinced to use a helper. But since that is not the case as I only copy and paste an address or use a QR a code, I don't think I need a helper. Copy pasting is a very small task. All I need to do besides that is to verify that the address is the right one. And it only needs comparing the address' handful of characters in the beginning, middle, and end.
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?
Thanks
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
Cryptos make us our own bank without going through any third parties, so we should be more responsible for our assets. Cryptocurrency transfers are a bit more complicated than traditional systems but not too difficult to do, as long as you are careful to avoid unnecessary risks. I always check the wallet address every time I transfer money, I will check the first and last letters if all match then I will initiate the transfer.
But i have responded to post of this kind were somebody give tutorial of sending bitcoin to wrong and the Bitcoin will be recovered..
What's the scenario? If it is sending to wrong address like you don't know who is the owner of the address, welp, then there's no way to recover it back. Also, alts that was copied from bitcoin protocols/technology like litecoin can be able to recover it, like sending btc to ltc legacy address or vice versa can be recovered by importing its private keys to ltc or btc supported wallets such electrum, the rest is far to recover especially if someone sends to unknown address or sending coin to different exchange address. Although its possible to recover but sometimes exchange wont do it as it is against their tos or etc.
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?
Thanks
Ever I made mistake but wrong sending coin because use contract address, for wrong other thing like wrong address never did it, usually when arbitrage some coins need faster to make transaction for getting and can selling with good price on destination exchange market. I don't know when checking use with smart contract address for sending my coin and I loss much there, but have kindness from developer sent back my fund although waiting almost one years. 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 never make such mistake of sending Bitcoin to wrong address before. But i have responded to post of this kind were somebody give tutorial of sending bitcoin to wrong and the Bitcoin will be recovered.. before i was thinking that Bitcoin if mistake happen when sending bitcoin to another wallets and that will be the end of seeing the Bitcoin but not knowing that the Bitcoin can be recovered by using one application. But i have forgotten the application one of forum mentioned.
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Did it happen to you?
No, I always double check the receiver address I sent payment to before sending ever since the issue of copy clipboard hijack happened.How comfortable are you every time you transfer to a remote address?
Sometimes I get scared and check the address again if there's a mistake from my end when the transaction don't arrive in timeWould you be more comfortable using a helper?
Maybe but it all depends on the concept of the helper project.What do you use today to mitigate this risk?
Double checking the wallet address and never being in haste when making transactions.<..................>
First of all, look at how you could send a transaction to the wrong address. Because when you send your funds to an address, if the receiver wallet address is also yours, then you might be copied from the address receive section. You just paste the wallet where you want to send it. There is no chance of a wrong address option. You are just doing a copy and paste. If the address is for another person, then the situation is also the same. He sends you the address by copying it, and you just need to copy and paste it. Why do you need to manually type the address? You don't need it and no one else does either. I hope I can understand you. Now we all know that in blockchain, it is impossible to reverse any transaction that you have made. If you want to send money, simply copy and paste; otherwise, use a QR code scanner, which is more secure and accurate. Thank you.
there has never been a case of someone's missing assets (BTC) being sent back to the sender's account automatically, unless the recipient sends back the asset. but maybe in a few years there will be an update or a new concept like that (automatic return) but with slightly complicated conditions (and may only will be available on dedicated networks such as LN).
So far I don't mind the possibility of sending coins to the wrong address, especially since we are the first to be responsible for checking the validity of the recipient's address.
Of course we have to know what are the consequences of using crypto as a means of payment and I think that is what makes crypto more decentralized than fiat system. If we send the wrong payment then we have to surrender in the hope that it will be returned by the wrong recipient because there is nothing we can do if the wrong recipient does not want to return it.
Of course we have to know what are the consequences of using crypto as a means of payment and I think that is what makes crypto more decentralized than fiat system. If we send the wrong payment then we have to surrender in the hope that it will be returned by the wrong recipient because there is nothing we can do if the wrong recipient does not want to return it.
I sent Bitcoin to a wrong address only one time. And only because there was a CLIPPER on my PC.
But people only do mistakes one time. The only thing you need to do is doublecheck the address, and you are fine!
I never fail on sending to the right address, cause i check it 2-3 times atleast to make sure the pasted addy is 100% correct.
But people only do mistakes one time. The only thing you need to do is doublecheck the address, and you are fine!
I never fail on sending to the right address, cause i check it 2-3 times atleast to make sure the pasted addy is 100% correct.
- Did it happen to you?
In sending Bitcoin no, sending altcoin yes, once (being careless)
- How comfortable are you every time you transfer to a remote address?
Quite comfortable.
- Would you be more comfortable using a helper?
I think it's on the same level of comfortability or probably a little less since still need to manually check all transactions even with the help of a helper.
- What do you use today to mitigate this risk?
The same thing that the earlier replies do.
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