Author

Topic: Sending Crypto to the wrong address (Read 794 times)

newbie
Activity: 26
Merit: 0
June 16, 2022, 02:28:39 AM
#97
I would say that it is a drawback of crypto transactions. If you lose your money once, there is no chance of you getting it back. You have to be really careful about your transactions. Always use the right address and accurate passwords before making a transaction.
sr. member
Activity: 845
Merit: 267
May 09, 2022, 02:54:37 PM
#96
I've always sent a test amount say $2 worth if it went well then here comes the rest.
hero member
Activity: 1395
Merit: 505
May 09, 2022, 11:45:29 AM
#95
Extremely rare that this would occur. Crypto addresses are long enough that it is almost always copy/paste, nobody types them in manually, and nearly all wallets will reject a send to an invalid address.

So unless you copy/paste the wrong address, which is very unlikely; anyone with any knowledge of crypto checks before the hit "send" to at least make sure the front and last digits all match up, it's not going to happen. In those very rare cases where a send is made to another address, usually it would be one that was copy/pasted by mistake, and hence had a known owner, so in those cases you could request a refund. Nearly all reputable crypto retailers will refund money that is sent in error.
member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
May 09, 2022, 09:40:56 AM
#94
If bitcoin is send to wrong address you have lost the bitcoin because the person that owns the address don't have any thing to reach or refund you the coin back because it have no connection with you. That is why is good to confirm the address of any cryptocurrency before sending to the address. And cryptocurrency is all about carefulness
full member
Activity: 1554
Merit: 123
Buzz App - Spin wheel, farm rewards
May 09, 2022, 07:46:35 AM
#93
in crypto transactions you should be careful to check the correctness of your digital wallet address because it will make you lose your assets not all platforms are responsible if it is your own fault.
That's right, friends, if we are careless in filling in the wallet address, it is our own fault, many people fill in the wrong wallet address, all of their assets are lost, so we must be careful before sending assets into the wallet, check it properly, don't be careless.
hero member
Activity: 2366
Merit: 594
May 09, 2022, 06:53:02 AM
#92


  • 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?

Actually sending crypto from one wallet address to another requires a very high concentration of the sender, anytime I wanted to send a crypto coin to a particular address, I do check and check the address again to avoid lost of coin because any coin sent to wrong wallet address is gone completely. Therefore more care should be taken while sending coin.
It is not just concentration, also paying attention to it and triple checking the address because if it is wrong, it is gone forever. I've been in crypto for 4 years now and have not sent a single transaction to the wrong address because I am not dumb and also very cautious about it because that is money we are transacting with. Although you have good intentions to reduce it, it can still be prevented by only checking it thrice.
legendary
Activity: 1022
Merit: 1341
May 09, 2022, 05:47:11 AM
#91
So what are the measures to avoid transaction mistakes? Is there any part from the BTC address that should remove before sending it to someone? Because a friend of my told me that before I send my BTC address I have to remove the beginning part if not the money the person will send, will enter another person account or address. Although I have not made a mistakes because I have not sent it to any person but I just want to know it so that in case if I want to do any transactions it will not be a new thing for me.

And also how do I know that the address the person send to me is correct or wrong? The 2nd and 3rd questions you asked, looked like rhetorical questions, there might be no answers. Because I do not think, someone would lose money and you asking whether he was feeling comfortable.
member
Activity: 742
Merit: 30
May 08, 2022, 04:50:00 PM
#90


  • 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?

Actually sending crypto from one wallet address to another requires a very high concentration of the sender, anytime I wanted to send a crypto coin to a particular address, I do check and check the address again to avoid lost of coin because any coin sent to wrong wallet address is gone completely. Therefore more care should be taken while sending coin.
hero member
Activity: 1113
Merit: 507
Don't Get Involved
May 08, 2022, 04:34:17 PM
#89
i think it's not necessary to develop for basic errors only in crypto transactions, coz as the matter of fact mostly platforms nowadays will not let any transaction to process especially if there's an errors on addresses, unless if you copy pasted a wrong address coz that will be a problem,  and still impossible to detect that your sending in a wrong address if there's no error in the address that you put as a receiver.  I can't imagine how it will works since mostly here in the space are anonymous.
I think OP still beginner maybe because with basic error on sending asset but have fatal impact with his funds gone, ever I made basic error when sending coins hurry up because want to arbitrage from dapp exchange to cex exchange. I use old smart contract address and my fund not return back. I think have basic human error when wrong address for sending bitcoin fund and become best experience in your life for the next time be careful and most detail checking have correct address or not before sending assets.
hero member
Activity: 2996
Merit: 609
May 08, 2022, 01:43:05 PM
#88
in crypto transactions you should be careful to check the correctness of your digital wallet address because it will make you lose your assets not all platforms are responsible if it is your own fault.
As long you have inputted the right address then there's nothing you should be worried about specially if you do make use of custodial wallets then you could really able to sue em up or could really request in resolving the issue but if this is on the reason of inputting wrong address then there's no one could able to help you on in regards to this.

Crypto transactions are irreversible that's why you should be mindful on putting the right addresses so that you wouldn't be fucked up.
hero member
Activity: 1680
Merit: 845
May 08, 2022, 12:39:36 PM
#87
While I've heard a few incidents (some even within the forum) of people sending money to the wrong address

I think many users find it difficulty to cope with the negative consequences of falling under this attack, and this comes ass a result of visiting some malicious sites, i always ensure to giving users am acquainted with to always ensure checking the first four and last four characters of the address copied to correspond when pasted, it is also very important not to use the select option by highlighting the address and copying it because many can make a mistake while making the selection, make use of the copy option indicating with a symbol, i think this thread will give more insight: How to lose your Bitcoins with CTRL-C CTRL-V  many members have engage on a discussion on this aspect of the attack and one could find a way to getting more secured with how to avoid such.

That's interesting, I actually never knew that there was such a malware, so thanks for providing me with that thread. Back to the subject now, as we've both mentioned already, and is also mentioned in the post you quoted me to, double-checking multiple times is the only way to prevent sending money to the wrong address. If however you're infected with such a malware, you'll need to find the root of the problem, which is the malware itself, before proceeding any further.

Edit: Wooo 2000th post.
hero member
Activity: 812
Merit: 560
May 08, 2022, 11:44:25 AM
#86
While I've heard a few incidents (some even within the forum) of people sending money to the wrong address

I think many users find it difficulty to cope with the negative consequences of falling under this attack, and this comes ass a result of visiting some malicious sites, i always ensure to giving users am acquainted with to always ensure checking the first four and last four characters of the address copied to correspond when pasted, it is also very important not to use the select option by highlighting the address and copying it because many can make a mistake while making the selection, make use of the copy option indicating with a symbol, i think this thread will give more insight: How to lose your Bitcoins with CTRL-C CTRL-V  many members have engage on a discussion on this aspect of the attack and one could find a way to getting more secured with how to avoid such.
full member
Activity: 411
Merit: 101
🦜| Save Smart & Win 🦜
May 08, 2022, 11:32:42 AM
#85
in crypto transactions you should be careful to check the correctness of your digital wallet address because it will make you lose your assets not all platforms are responsible if it is your own fault.
full member
Activity: 1064
Merit: 112
May 08, 2022, 09:08:35 AM
#84
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 think it's not necessary to develop for basic errors only in crypto transactions, coz as the matter of fact mostly platforms nowadays will not let any transaction to process especially if there's an errors on addresses, unless if you copy pasted a wrong address coz that will be a problem,  and still impossible to detect that your sending in a wrong address if there's no error in the address that you put as a receiver.  I can't imagine how it will works since mostly here in the space are anonymous.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
May 08, 2022, 08:59:09 AM
#83
  • Did it happen to you?
I'm a very meticulous person when it comes to finance. Yet, I did happen to me but that's once. I hope I don't get to count another incident of that. Luckily for me it was to a contract address I sent the token and it reverted within a few minutes. I held my breath while all that lasted as soon as I realized my mistake.

Quote
  • How comfortable are you every time you transfer to a remote address?
I bet you, nobody would be happy or comfortable if it happened to them.

Quote
  • What do you use today to mitigate this risk?
I like to crosscheck the first four letters of the address, the middle and then the last four. Other times I just zoom out on the numbers to compare them side by side with the apps I'm sending from and to when I've pasted on the send tab. I truly take my time whenever I'm transacting. The principle of "No hurry in life" should be aptly applied to crypto transactions, honestly.

So far, so good for me. I'm okay doing the check myself and not likely to need a helper.
hero member
Activity: 1680
Merit: 845
May 08, 2022, 08:16:37 AM
#82
While I've heard a few incidents (some even within the forum) of people sending money to the wrong address, it has never happened to me. On top of that, I believe that it's a pretty basic procedure of copying and pasting the recipient's address, double looking before sending money is enough to eliminate that risk, I don't see a valid reason to develop a software or a project to reduce it
full member
Activity: 812
Merit: 126
May 08, 2022, 07:52:03 AM
#81
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 don't think user would like to use a helper just to ensure that the address is correct. Also, how would you do that? Most of the time, users are just copying reciever address from whatever wallet or exchange it came from and then paste it to their wallet or exchange that is about to use in order to do the transaction. Some exchange already have the functionality to check whether the address is correct based on the network being used. While most wallet don't though as far as I know. Now I believe you are offering a helper that would work in a way where user should connect their wallet or exchange account in order to use your services. I believe that won't work and that users would like that. Or is it just a different app that doesn't neccessarily need to connect to anything, just an app where users can check whether the address is correct or existing? Isn't that a waste of time? checking for an address that you copy directly from another wallet or sites in which we didn't even try to change anything.

For me, I don't really need a helper if I can check the address myself in order to ensure I'm doing the right transaction. And I'm always confortable transferring to a remote address because I always check the address before executing the transaction. So yeah, for me, I don't need a helper.
legendary
Activity: 2240
Merit: 1993
A Bitcoiner chooses. A slave obeys.
May 08, 2022, 07:02:36 AM
#80
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

Honestly my biggest fear is not accidently sending crypto transactions to the wrong address, but rather having my seed phrase hacked, or even having my clipboard highjacked. You copy the right address, but post the hackers address. And if you don't catch your mistake that money is gone forever. It has not happened to me yet, I triple and quadruple check my addresses and always attempt a good OPSEC. But I am never comfortable 100% with sending anything. I would not use a helper as that is just another liability. The best way to mitigate such risks is just to be vigilant and always on alert. Use your brains and nothing can go wrong.
sr. member
Activity: 1246
Merit: 262
May 08, 2022, 06:53:04 AM
#79
Before sending tokens, it would be nice to check the address first, whether it's correct or not, most people don't pay attention to the intended address if I think they are careless. If the address is wrong, you can't take it back unless the recipient wants to return it.

This is why before sending the click button, you need to make sure you entered the correct address. Also, if I may add, check also if you are in the right network. Nowadays, we have different networks available already especially if you are talking with tokens, not only ETH but BSC, SOL, AVAX, FTM and others. So check the receiving address about the network as well as the originating address. It is very hard to get back your tokens if you sent it to the wrong network. Not many platforms will entertain you to recover your tokens if you made a mistake with the network.
Usually have an exchange with add manually sending address and we can check manually have use correct address or not before sending coins, I think experience trader or investor will be careful when sending coin never hurry up actually with bitcoin have stable price although late few minutes sending coin. Next time for every one when sending bitcoin assets keep check again have use correct address or not before sending coin because after entry sending never have cancel option.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
May 07, 2022, 06:17:12 PM
#78
Sending to a wrong address could only lead to two reasons, first, you really have been wrong with it and you copied the wrong address. Second, you're a victim of a malware that changes the copied address.

Did it happen to you?
No.

How comfortable are you every time you transfer to a remote address?
100%.

I'm checking it many times before pressing that send button.

Would you be more comfortable using a helper?
Yes but after that, he/she should learn from it because if a mistake is being done, I might even be accused that have replaced the address by a newbie.

What do you use today to mitigate this risk?
Buy at dips and accept that the market is always volatile no matter how careful you are.
member
Activity: 156
Merit: 63
May 07, 2022, 05:48:20 PM
#77
Personally, I have never had a problem of this nature because I directly take my precautions since I have acquaintances that this has happened to them and unfortunately they have never been able to recover the transaction (they lose their property). That is why when I hear problems on this topic every time I carry out these activities, I check the address and data two and even three times, verifying everything so that I do not get these errors that more than one person is presented with for not being cautious or, in short, very careless.
full member
Activity: 1050
Merit: 100
May 07, 2022, 05:19:49 PM
#76
Before sending tokens, it would be nice to check the address first, whether it's correct or not, most people don't pay attention to the intended address if I think they are careless. If the address is wrong, you can't take it back unless the recipient wants to return it.

This is why before sending the click button, you need to make sure you entered the correct address. Also, if I may add, check also if you are in the right network. Nowadays, we have different networks available already especially if you are talking with tokens, not only ETH but BSC, SOL, AVAX, FTM and others. So check the receiving address about the network as well as the originating address. It is very hard to get back your tokens if you sent it to the wrong network. Not many platforms will entertain you to recover your tokens if you made a mistake with the network.
if it's the wrong network, I think there will be a notification if it can't be continued for the transfer process, or else the token will still be received on the network that was made for the transfer. wrong address at the time of delivery is possible. besides we have to re-check, I don't think we should lose our concentration when making deliveries, sometimes we seem to reflexively click on the shipping steps smoothly, but it turns out to be the wrong address
full member
Activity: 1848
Merit: 158
May 07, 2022, 04:53:00 PM
#75
Before sending tokens, it would be nice to check the address first, whether it's correct or not, most people don't pay attention to the intended address if I think they are careless. If the address is wrong, you can't take it back unless the recipient wants to return it.

This is why before sending the click button, you need to make sure you entered the correct address. Also, if I may add, check also if you are in the right network. Nowadays, we have different networks available already especially if you are talking with tokens, not only ETH but BSC, SOL, AVAX, FTM and others. So check the receiving address about the network as well as the originating address. It is very hard to get back your tokens if you sent it to the wrong network. Not many platforms will entertain you to recover your tokens if you made a mistake with the network.
hero member
Activity: 1960
Merit: 547
Vave.com - Crypto Casino
May 07, 2022, 04:36:20 PM
#74
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

The good thing is that i never sent bitcoin to the wrong address. However, i have heard many people sending bitcoin to wrong addresses. Sometimes it happens because of human mistake but at other times there is a malware du to which the bitcoin send to the wrong address.
The simple way to avoid this mistake, is to double check the sender address after pasting it in the wallet withdrawal window.

Just be careful before transferring money, we will avoid the risk, I always copy the wallet address and check and recheck 3 to 4 times before pressing the send button.
We should not rush, always remember that crypto transfer is not like a bank transfer once an order has been sent there is no way to get it back so don't do it wrong.
member
Activity: 1358
Merit: 81
May 07, 2022, 03:47:04 PM
#73
An error sending a transaction occurred to me when I was handling multiple addresses. Fortunately, I was the owner of the wallet.
That made me think that I should be more orderly when sending my coins, double check and send the coin.
Currently, there are several applications that ask you first if you are sure to send the transaction and thus click on the confirm button.
From this experience I learned not to rush, the first thing we should do is make sure that the coin is sent to the correct address.
member
Activity: 67
Merit: 61
May 07, 2022, 12:24:47 PM
#72

The good thing is that i never sent bitcoin to the wrong address. However, i have heard many people sending bitcoin to wrong addresses. Sometimes it happens because of human mistake but at other times there is a malware du to which the bitcoin send to the wrong address.
The simple way to avoid this mistake, is to double check the sender address after pasting it in the wallet withdrawal window.

You have said many beautiful things. Not only Bitcoin but all coins or tokens should be transacted after receiving the address of the recipient while transacting and checking again because the address is correct. If correct then the transaction should be done. Then more caution will be exercised.
full member
Activity: 1554
Merit: 123
Buzz App - Spin wheel, farm rewards
May 07, 2022, 10:20:07 AM
#71
Before sending tokens, it would be nice to check the address first, whether it's correct or not, most people don't pay attention to the intended address if I think they are careless. If the address is wrong, you can't take it back unless the recipient wants to return it.
hero member
Activity: 1113
Merit: 507
Don't Get Involved
May 06, 2022, 10:12:11 PM
#70
Sending your crypto to the wrong wallet address also results in the permanent loss of it.
 This is a mistake that is still very easy to make even if you have been in the market for a relatively long time because wallet addresses are all long strings of characters that look almost identical.  so you should carefully double check before sending.
Permanently loss all fund when use wrong address, I think not only with wrong address will make fund losing but also left one letter only will loss all fund and not have choose with cancel sending transaction after left one words of address. Maybe on Binance or other exchange market have option with saving address and give less risk made mistake when saving fund, but when sending to new address keep manually added address and we need really be careful and check more than one time have been correct address or not before try to sent funds.
newbie
Activity: 1
Merit: 0
May 06, 2022, 07:52:39 PM
#69
Anyone understand this?   I transferred bitcoin from coinbase to ledger live (nano s). When watching account on ledger, almost 70.00 MORE than I sent appeared in my ledger live account. The money I sent from coinbase was all that was in there. Now I can't make further transactions from that ledger account. Obviously someone else's money got into mine? What to do? I don't want to keep someone's money.
hero member
Activity: 2338
Merit: 757
May 05, 2022, 06:56:46 PM
#68
  • Did it happen to you?
No.  Not Yet!

  • How comfortable are you every time you transfer to a remote address?
I really prefer the regular way to send to a unique address. I did always avoid using intermediary methods.

  • Would you be more comfortable using a helper?
I should be more confortable as he the helper will be responsible. however, i used to broadcast transactions by myself without any issue since my first start with bitcoin. So why should i need for a helper.
New comers may chose helper for a better experience.

  • What do you use today to mitigate this risk?
Hold safe my keys. Only spend funds from an off-line device.
member
Activity: 700
Merit: 14
May 03, 2022, 06:26:28 AM
#67
Sending your crypto to the wrong wallet address also results in the permanent loss of it.
 This is a mistake that is still very easy to make even if you have been in the market for a relatively long time because wallet addresses are all long strings of characters that look almost identical.  so you should carefully double check before sending.
full member
Activity: 798
Merit: 134
May 03, 2022, 05:49:00 AM
#66
Maybe sometimes being extra careful could help reduced the risk
What i mostly do is that whenever trying to send out payment or executing a transaction i would asked the receiver to place confirm the address again before initiating the transaction. just as OP said before.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
May 03, 2022, 04:11:40 AM
#65
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

The good thing is that i never sent bitcoin to the wrong address. However, i have heard many people sending bitcoin to wrong addresses. Sometimes it happens because of human mistake but at other times there is a malware du to which the bitcoin send to the wrong address.
The simple way to avoid this mistake, is to double check the sender address after pasting it in the wallet withdrawal window.
hero member
Activity: 1666
Merit: 513
Leading Crypto Sports Betting & Casino Platform
May 03, 2022, 03:43:51 AM
#64
The difference between the traditional system and the cryptocurrency is that once the money is transferred to the cryptocurrency, it is never possible to get it back in any way. Only possible if the receiver re-sends. So you have to be very careful while doing every transaction otherwise have the possibility to lost your assets.
hero member
Activity: 2968
Merit: 687
May 02, 2022, 05:57:21 PM
#63

Whenever you are sending a coin and you don't know the chain which the receiver send to you, always try and ask the person for the chain and whenever yih are sending always be focused to avoid those kind of mistake, mostly the people that make this kind of mistake are the newbies that don't know anything about cryptocurrency, if you ask them to send wallet address, they always endup sending the wrong chain. I think we should be very careful whenever we are making transaction. Thanks!!!
It never just happens to newbies, such a mistake is also possible for an old user who is in the hurry to send and is not able to copy the address correctly. Remember that transactions are not reversible, in the case that it is sent to the wrong address it is likely we can't get it back. You're so lucky if someone will contact you and ask your address but that was rare as this receiver also does not know who sends them. And not even you know who is the holder of that wallet.
No noob or experience/pro would really be that exempted on losing his coins whenever you do make yourself in a rush on pasting or copying up address because it would really still result on the same fate thats why

whenever you do make out some transfers then always consider out on double or triple checking it before you do press that sent button because those coins would really be lost forever on the time

that you had just mistakently inputted a wrong one or even just losing 1 character which means that it would be a human error which you cant really able to take it back.
sr. member
Activity: 2828
Merit: 344
win lambo...
May 02, 2022, 04:49:34 PM
#62

Whenever you are sending a coin and you don't know the chain which the receiver send to you, always try and ask the person for the chain and whenever yih are sending always be focused to avoid those kind of mistake, mostly the people that make this kind of mistake are the newbies that don't know anything about cryptocurrency, if you ask them to send wallet address, they always endup sending the wrong chain. I think we should be very careful whenever we are making transaction. Thanks!!!
It never just happens to newbies, such a mistake is also possible for an old user who is in the hurry to send and is not able to copy the address correctly. Remember that transactions are not reversible, in the case that it is sent to the wrong address it is likely we can't get it back. You're so lucky if someone will contact you and ask your address but that was rare as this receiver also does not know who sends them. And not even you know who is the holder of that wallet.
hero member
Activity: 1484
Merit: 928
May 02, 2022, 04:20:49 PM
#61
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.

Whenever you are sending a coin and you don't know the chain which the receiver send to you, always try and ask the person for the chain and whenever yih are sending always be focused to avoid those kind of mistake, mostly the people that make this kind of mistake are the newbies that don't know anything about cryptocurrency, if you ask them to send wallet address, they always endup sending the wrong chain. I think we should be very careful whenever we are making transaction. Thanks!!!
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
May 01, 2022, 10:11:14 AM
#60
Did it happen to you?

No, it has never happened to me that I sent my BTC to a wrong address. I check thrice before sending my precious coins to other addresses.

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

I am pretty much comfortable with the traditional way of transferring coins to an address.

Quote
Would you be more comfortable using a helper?

I wouldn't like to compromise my addresses just because I am lazy and careless to check the addresses before sending coins to it.

Quote
What do you use today to mitigate this risk?

I use a standard non-custodial wallet and paste the address into it and then send coins to that address.
I wonder why people make such silly mistakes of sending coins to wrong address.
Either people are lazy or dumb enough to check the addresses they send their coins to.
hero member
Activity: 3010
Merit: 666
May 01, 2022, 10:04:20 AM
#59
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
One and the best way to avoid such particular mistakes is to double-check the address before sending.
We should also read carefully about what pop-ups on our screen as this serves as a warning. The more we are careful with our actions and doings, the more we avoid such regrettable scenarios. This is very common for people who keep themselves hurry, we need to change this attitude otherwise sending it to the wrong address is possible.
full member
Activity: 1316
Merit: 126
May 01, 2022, 09:27:56 AM
#58
I am glad that it did not happen to me well what do you expect if you send it to the wrong address? of course you can't return it back  I recommend copying and pasting it, then triple-checking for any incorrect words or numbers. This will prevent cash from being sent to the incorrect address. If you have any doubts, I believe it would be beneficial to hire a helper to ensure that everything runs smoothly and without errors.
sr. member
Activity: 952
Merit: 281
May 01, 2022, 03:12:32 AM
#57
  • 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.
hero member
Activity: 1344
Merit: 565
May 01, 2022, 03:00:20 AM
#56
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.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
May 01, 2022, 02:40:42 AM
#55

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.

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.
legendary
Activity: 2688
Merit: 1192
April 30, 2022, 12:58:29 AM
#54
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.
hero member
Activity: 1568
Merit: 502
April 30, 2022, 12:44:43 AM
#53
  • Did it happen to you?
No.

  • 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.

  • 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.


  • 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.
member
Activity: 140
Merit: 20
April 29, 2022, 09:27:41 PM
#52
  • 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.
hero member
Activity: 1113
Merit: 507
Don't Get Involved
April 29, 2022, 03:12:50 PM
#51
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.
member
Activity: 362
Merit: 12
April 29, 2022, 01:08:20 PM
#50
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.
hero member
Activity: 1050
Merit: 592
God is great
April 29, 2022, 02:03:26 AM
#49
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
sr. member
Activity: 1442
Merit: 258
Reward: 10M Shen (Approx. 5000 BNB) Bounty
April 29, 2022, 12:54:04 AM
#48
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.
hero member
Activity: 2114
Merit: 603
April 28, 2022, 10:12:31 PM
#47
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.
hero member
Activity: 1113
Merit: 507
Don't Get Involved
April 28, 2022, 05:04:53 PM
#46
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.
legendary
Activity: 2338
Merit: 1084
zknodes.org
April 28, 2022, 04:20:54 PM
#45
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.
sr. member
Activity: 1362
Merit: 258
Vave.com - Crypto Casino
April 28, 2022, 04:12:22 PM
#44
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
legendary
Activity: 2212
Merit: 1199
April 28, 2022, 03:58:11 PM
#43
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.
hero member
Activity: 2730
Merit: 632
April 28, 2022, 03:56:51 PM
#42
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.
legendary
Activity: 1722
Merit: 5937
April 28, 2022, 03:56:44 PM
#41
  • Did it happen to you?
No.

  • 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.

  • 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.


  • 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.

sr. member
Activity: 1848
Merit: 341
Duelbits.com
April 28, 2022, 03:55:05 PM
#40
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.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
April 28, 2022, 03:36:34 PM
#39
    • 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.

    • 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.

    • 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]
    legendary
    Activity: 3248
    Merit: 1402
    Join the world-leading crypto sportsbook NOW!
    April 28, 2022, 01:12:25 PM
    #38
    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.
    sr. member
    Activity: 2366
    Merit: 448
    Enjoy 500% bonus + 70 FS
    April 28, 2022, 12:17:27 PM
    #37
    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.
    hero member
    Activity: 1036
    Merit: 933
    Find your Digital Services at- cryptolibrary.pro
    April 28, 2022, 11:55:09 AM
    #36
    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


    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.
    full member
    Activity: 868
    Merit: 106
    April 28, 2022, 10:05:56 AM
    #35
    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.
    legendary
    Activity: 1288
    Merit: 1081
    Goodnight, o_e_l_e_o 🌹
    April 28, 2022, 03:47:03 AM
    #34
    • Did it happen to you?
    No, it hasn't happened to me but that does not mean it doesn't happen. It happened to Theymos.

    • How comfortable are you every time you transfer to a remote address?
    Not really comfortable, but very careful. I cross check the first 3 numbers, the middle 3 numbers and the last 3 numbers before I send.

    • Would you be more comfortable using a helper?
    No, there is a very high tendency that the helper could be manipulated.

    • What do you use today to mitigate this risk?
    Carefulness and precision.

    Thanks!
    full member
    Activity: 700
    Merit: 102
    April 28, 2022, 02:44:23 AM
    #33
    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.
    full member
    Activity: 551
    Merit: 100
    April 28, 2022, 02:33:53 AM
    #32
    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.
    hero member
    Activity: 1113
    Merit: 507
    Don't Get Involved
    April 28, 2022, 02:06:00 AM
    #31
    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.
    full member
    Activity: 1484
    Merit: 101
    April 27, 2022, 11:41:33 PM
    #30
    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

    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.
    full member
    Activity: 2548
    Merit: 217
    April 27, 2022, 10:36:02 PM
    #29
    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
    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 .
    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 .
    legendary
    Activity: 2576
    Merit: 1860
    April 27, 2022, 09:52:05 PM
    #28
    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.
    legendary
    Activity: 1974
    Merit: 1108
    Free Free Palestine
    April 27, 2022, 08:05:50 PM
    #27
    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

    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.
    hero member
    Activity: 1554
    Merit: 880
    pxzone.online
    April 27, 2022, 06:30:41 PM
    #26
    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.
    hero member
    Activity: 1113
    Merit: 507
    Don't Get Involved
    April 27, 2022, 06:16:08 PM
    #25
    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
    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.
    sr. member
    Activity: 1330
    Merit: 289
    April 27, 2022, 05:43:58 PM
    #24
    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.
    hero member
    Activity: 2660
    Merit: 651
    Want top-notch marketing for your project, Hire me
    April 27, 2022, 05:37:34 PM
    #23
    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 time

    Would 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.
    full member
    Activity: 700
    Merit: 182
    April 27, 2022, 05:08:11 PM
    #22

    <..................>


    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.
    full member
    Activity: 1638
    Merit: 167
    Buzz App - Spin wheel, farm rewards
    April 27, 2022, 04:10:25 PM
    #21
    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).
    legendary
    Activity: 1064
    Merit: 1228
    Playgram - The Telegram Casino
    April 27, 2022, 04:08:32 PM
    #20
    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.
    newbie
    Activity: 19
    Merit: 0
    April 27, 2022, 03:49:00 PM
    #19
    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! Smiley

    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.
    legendary
    Activity: 2954
    Merit: 1153
    April 27, 2022, 03:27:13 PM
    #18
    • 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.
    newbie
    Activity: 2
    Merit: 0
    April 27, 2022, 03:26:38 PM
    #17
    Thank you all very much indeed for your time.

    In resume
    1. It happened occasionally some loss due to human error
    2. Malware can misslead a user masking the address
    3. The usual process everybody use is to manually check
    4. There is some lack of trust in using a helper or on how it can be beneficial

    We are very pleased for your help
    member
    Activity: 756
    Merit: 16
    We All Can Make It
    April 27, 2022, 03:16:44 PM
    #16
    Did it happen to you?
    Yes, it happened to me once, but fortunately for me I had access to the wallet address otherwise I would have lost the money.

    How comfortable are you every time you transfer to a remote address?
    I am not too comfortable because I have to double check to ensure that I don't make a mistake despite having used the copy and paste options.

    Would you be more comfortable using a helper?
    It depends on what type of helper you are talking about because privacy is still important.

    What do you use today to mitigate this risk?
    Nothing other than to use Copy and Paste options, then double check.
    full member
    Activity: 658
    Merit: 158
    BTC Rocks
    April 27, 2022, 02:22:31 PM
    #15
    Sending crypto to a wrong address can't be recovered that's why should check properly before making any transaction.
    I already did this accident several times in Crypto and lost much.
    sr. member
    Activity: 2282
    Merit: 470
    Telegram: @jperryC
    April 27, 2022, 01:44:09 PM
    #14
    Luckily it didn't happened to me yet, I always make sure that I am giving it to the right address since there is no such thing as refund and my wallet doesn't have replace by fee feature (I turned it off) and I was really looking or double checking the address before sending it especially with larger amount of transaction.
    legendary
    Activity: 2394
    Merit: 2223
    Signature space for rent
    April 27, 2022, 01:35:18 PM
    #13
    Still hadn't happened to me. It's because I always try to copy-paste correctly and match addresses. Usually, I read and match a few first and last digits of the sending address. It prevents me from sending funds to the wrong address and I can prevent clipboard hacking. I feel comfortable because I trust only my eye, need to match the address anyway. No matter what tools I have been using. I am not sure how will you develop tools to avoid these errors. I don't see any easy way when peoples are lazy to double-check their sending address at all.
    hero member
    Activity: 2660
    Merit: 551
    April 27, 2022, 01:23:30 PM
    #12
    Not sure how can you reduce this human error though.

    1. No.
    2. Comfortable, because I didn't check everything before I send my crypto
    3. No, I would rather go old school, again, double or triple check.
    4. Transaction is irreversible, so not sure how you can mitigate it.

    And also this has been exploited by criminals as well, the Clipboard malware, it has evolved already, and so I don't know if you can bypass that as well with the one that you are developing.
    donator
    Activity: 4760
    Merit: 4323
    Leading Crypto Sports Betting & Casino Platform
    April 27, 2022, 12:37:29 PM
    #11
    The times I've seen this happen are typically due to miscommunications during deals, either due to a language barrier, or just being too casual.  That's why with my escrows I use templates, so that it is clear to everyone where the funds are supposed to go.  One time I even had someone say that I sent funds to the wrong address, only to show them the message where they agreed that the address I sent to was where the funds should be released.  This is also a good lesson to make sure you have "backup" in case things go wrong.  Don't take liberties to send to addresses you think are owned by someone.  Confirm and make sure you have evidence in the event that person made a mistake and then wants to come back and blame you.
    full member
    Activity: 1512
    Merit: 115
    April 27, 2022, 12:20:59 PM
    #10
    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
    Basically, I don't think there is anything that can be done in this case once that transaction has been made, or at least I have not heard of it done. The only thing will be for you to be extra careful before hitting the transaction button that the address is correct otherwise those are lost coins/tokens.
    legendary
    Activity: 1554
    Merit: 1139
    April 27, 2022, 12:04:33 PM
    #9
    For the record, it has never happened to me but then, there are a few ways in which, bitcoins or coins per say, gets sent to the wrong wallet.

    * The Ctrl+V error.
    It's no nothing new that what we often do is copy and paste an address that we intend to send coin to. Sadly, things could always go wrong in the process and it's often virus or malware related at this point. Within the process of copying and pasting the public address, should your device have malwares on it, there are chances that the malware can swap the address and the transaction goes South.
    Mitigation is that:
    You debug your system and always ensure manual confirmation by checking start, middle and end of public address.

    * Coin address Confusion
    It is important to note that, addresses are coin specific and the address used in accepting Bitcoin isn't the same address for accepting Tron, Ethereum, Litecoin etc. There are certain confusions that often comes with Bitcoin (BTC) and Bitcoin Cash (BCH) as being same but, they've got different address formats.
    Mitigation is that:
    Bitcoin address takes the format: "bc1" for bech32, "1" for P2PKH and "3" for P2SH. These you should watch out for.

    * Blatantly sending coin to another users address
    This is just an error that could come up with one being too care free.
    Mitigation is:
    Simply being careful and know that, your dealing with money that could be non refundable when sent yo the wrong address.

    I get it that one could not be too careful but, I doubt we need another software to check this out. We are good this way and it's left for one to make mistakes if they should make any at all and correct them as they go.
    hero member
    Activity: 2268
    Merit: 789
    April 27, 2022, 11:59:13 AM
    #8
    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?

    This never happened to me even by mistake since I always check the address before sending it. There are wallets that offer a "copy to clipboard" kind of feature where the address is automatically copy/pasted to the exchange that you are sending your coins to.

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

    I am quite comfortable and confident given that I always check the address before sending my cryptocurrencies. Given that the nature is that the funds are irreversible in case of an error/mistake, it is but natural for me to double check everything.

    Quote
    Would you be more comfortable using a helper?

    If there is an added feature QOL feature where copying to clipboard feature is much simpler than it is (for added security), then I would definitely use it.

    Quote
    What do you use today to mitigate this risk?

    Like what I previously mentioned, the only way to mitigate the risk is to manually check the address that you are sending to. Just a tip, if you are skeptical if you are comparing two addresses, then try putting it inside a sign-up page where two passwords are required. If it shows that the passwords are the same, then you can send that address confidently to the exchange.
    hero member
    Activity: 2366
    Merit: 594
    April 27, 2022, 11:43:21 AM
    #7
    We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
    We don't need that.
    If you write an address manually and make a mistake, it's almost impossible that it's a valid address and your wallet or the service you are using won't allow you to make transaction.

    Yeah, agree, and who is going to input the address manually? It is too long and it is better to copy and paste it, then triple check it by looking again at the address. Lol it hasn't happened to me that I sent it to the wrong address because I always double-check if it is the correct address before sending. Also, I'm not sure if this is useful to me if you are developing something to reduce the error because every time I send crypto I am comfortable with it and also because there are QR codes now it is easier to send.
    hero member
    Activity: 2856
    Merit: 644
    https://duelbits.com/
    April 27, 2022, 11:32:49 AM
    #6
    When that happens, isn't it clear that there is no hope of returning because what do you expect if you send it to the wrong address then it will definitely be forfeited and will be in vain because there is no best possibility and it is certain that the asset sent never come back.

    this is why we really have to be careful so that this doesn't happen because if something like that happens then it's most likely that you will regret it, especially if you send a large amount
    hero member
    Activity: 1554
    Merit: 880
    pxzone.online
    April 27, 2022, 11:23:36 AM
    #5
    Being in this space needs a lots of responsibility. Never happened to me, coz I always check the receiving address before sending.

    To prevent incident like this, what platform should do is to show a summary of the transaction before a user send it. E.g showing address, amount and what coin. With this, user can review not twice but many times before clicking the confirm button to send.
    legendary
    Activity: 2114
    Merit: 2248
    Playgram - The Telegram Casino
    April 27, 2022, 11:15:52 AM
    #4
      • How comfortable are you every time you transfer to a remote address?
      • Would you be more comfortable using a helper?
      • Comfortable enough
      • Not at all. Being your own bank means you take responsibility for your actions. Trusting a "helper" with any crypto related activity defaeats the purpose of cryptocurrencies and being autonomous.

      What do you use today to mitigate this risk?[/b][/li][/list]
      • Triple check the address before signing the transaction (or sending your address to someone),
      • Actually look through the entire alphanumerics and not just the first and last few,
      • Ensure the address is correct and it's compatible with the coin you're sending from.
      Other precautions;
      • Protect your device from malwares which could expose one to keyboard highjacking
      legendary
      Activity: 2380
      Merit: 5213
      April 27, 2022, 10:55:35 AM
      #3
      We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
      We don't need that.
      If you write an address manually and make a mistake, it's almost impossible that it's a valid address and your wallet or the service you are using won't allow you to make transaction.
      legendary
      Activity: 1176
      Merit: 1056
      April 27, 2022, 10:54:07 AM
      #2
      If the token goes to the wrong address, it will never be returned. So always keep an eye on sending crypto.When you send a crypto, you must match the address well. If the address is wrong, you will have to correct it for the rest of your life.That is why you must check it well before sending it.
      newbie
      Activity: 2
      Merit: 0
      April 27, 2022, 10:48:39 AM
      #1
      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
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