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Author Topic: If i send my bitcoins to a wrong address, what happens?  (Read 16424 times)
MakeBelieve
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January 21, 2014, 03:28:43 PM
 #21

Yes you lose them unless the stranger is kind enough to send them back.

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vpitcher07
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January 21, 2014, 04:09:48 PM
 #22

Finally they let me post on here...  I learned the hard way and believe this post should be resurrected for newbs to the currency.  Don't let the "coin" part of bitcoin fool you into thinking it's not worth much.  On the other hand, realize that it is "coin".  Just like giving a rare coin to a homeless guy on the street, you MAY never see it again if you make a mistake...

I think a reason bitcoin is so difficult to understand for newbies is because it's name is so misguiding. Bitcoin is not a coin. It is not a physical thing. You can't touch it or hold it. It acts like cash but it in no way resembles cash. It's simply numbers assigned to addresses and that's it.

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January 21, 2014, 04:16:48 PM
 #23

If that happens on a regularly basis I might switch to "mine" addresses by creating new ones until I get one of those "forever lost" coins.

I've thought about that - I believe generating batches of keys and scanning the blockchain for keys with a balance is going to be prohibitively expensive. As in, not entirely unlike the lottery of running a solo cpu miner, but with vastly more variance in the payoff.

If you solo mine with a cpu you might get a block within 200 years which contains a few bitcoins plus transaction fees. If you generate keys of addresses and check to see if they hold anything, you might get a hit within 500000 years worth a few millibits or microbits.

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January 21, 2014, 05:10:01 PM
 #24

It's simply numbers assigned to addresses and that's it.

It's not even that.  Numbers assigned to addresses is an abstraction that we humans use to make discussions about transfer of value easier.  Technically, the value is represented as a number that is encumbered with a requirement that must be met before being allowed to divide up and encumber portions of that number with a requirement of their own.

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January 21, 2014, 07:28:24 PM
 #25

if you do.  just send an email to the owner of the incorrect answer and request your dough back?  why would there be an error?

btw there's a checksum in case you get one letter/number wrong.  but why would that happen? 
BingoDog
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November 16, 2017, 03:45:23 PM
 #26

If you have send your coins to wrong address it's the same like you have lost them. Unless that other person don't pay you back which is not likely. Bitcoin it's not a physical thing that you can get back.
But it's good to check the address twice and don't write it manualy, use the copy paste options. Very often people lose their coins only because they are reckless or stupid. Don't be one of them.

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BranZolt
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November 20, 2017, 01:15:34 PM
 #27

See it's preety clear that YOU sent YOUR money YOURSELF to a user,even if it was a mistake,he has right to keep or spend it.
Then it is obvious that your BTC is gone and you can only get it back if the receiver is generous enough to return you the sum. 

ReLieD
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November 20, 2017, 01:40:30 PM
 #28

There are 2 possible results
First , if the address you entered belongs to someone then he / she will get that amount . And you can do nothing about it besides finding who that person is (which is very hard) and then asking them to return it to you.

Next thing , if the address is invalid and doesn't belong to anyone then your transaction will not be confirmed and hence you will get your money back without any problem. This process might take 48-72 hrs depending on the size of your transaction .

   
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bling-bling
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November 20, 2017, 01:48:39 PM
 #29

Hi!
As the title says, what happens if i get an address wrong? Do the coins get lost?
If that's what happens, why not change the code in Bitcoin, so that if the bitcoin network cant detect that address, returns the bitcoins to you?
99.99%, say bye bye to your coins...🤑 So bad for you, great for the recepient! We really need to be careful with all of our transactions so as not to make any mistake. Paranoia, I believe, is not bad in this case. It's better to be paranoid than stupid! 😁

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crustez00
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November 20, 2017, 01:55:27 PM
 #30

i think the answer already clear, if you sent to wrong address. either its coin get lost or that coin will come to another user wallet that have that address. well, maybe they can do that. But, i don't know anymore about changing the code  Smiley just becareful when you want to do some transaction.

hadveach
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November 20, 2017, 01:59:24 PM
 #31

it looks like you've lost something of value, and it will not be refundable. you should be more careful when sending an adress wallet.
do not be careless .

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November 20, 2017, 02:01:36 PM
 #32

That would be a great help not to lose your bitcoins but i think if you send it to the wrond address for sure its someones blessings, because addresses are similar to each other so you need to double check your transaction for the best result and not to lose the money your earning for. Although human error is cannot be avoid but if you serious on your money then don't go easy on it.  

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November 20, 2017, 02:04:54 PM
 #33

The wrong address holder gets lucky to get some bitcoin. Second thing, until he himself understands the mistake of the sender it is impossible to get back the bitcoin. Its our responsibility to be more careful while making the transactions to other bitcoin addresses.

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November 20, 2017, 02:08:19 PM
 #34

   If bitcoin network cant detect this address it does not mean the address is not exists at all, it may be created offline by some happy camper. Your only hope is low fee which miners are not interested in, in that case you will get your coins back

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November 20, 2017, 02:53:26 PM
 #35

If I send Bitcoin an incorrect  address, the person who owns that address will be very happy. How many people who accidentally come from Bitcoin to your account will send the money back to me. Perhaps 1 in 100 people.

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November 20, 2017, 02:56:50 PM
 #36

Another random person will get your bitcoin, Grin
and would feel real happy about it. because if you are trying to track the bitcoin
you will be failing, bitcoin cant be track it impossible I tried it my self. Shocked

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November 20, 2017, 03:07:36 PM
 #37

There's no erasing a bitcoin transaction.
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November 20, 2017, 03:42:18 PM
 #38

In this case, You will lost your Bitcoin. If you are asking because you fear accidentally entering a wrong address, don't worry, it is highly unlikely you will randomly pick a wrong but valid address.  You would be more likely to win the lottery 100 times in a row. So, keep safe your transactions Smiley

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November 20, 2017, 04:47:08 PM
 #39

While what is stated above is true... there are some other points here.

It is hard to have a typo in an address (from what I read somewhere).  If you send to an invalid address, the transaction just fails.

If you mix up your clipboard and send to the wrong, yet valid, address... then you have no recourse as there is no way to get the coins back unless a person holding the private key to that address sends them back to you.

I once overpaid someone using mybitcion... and they were kind enough to give me the extra, so if you can find out who the coins went to, there is a chance.

So if im reading this correctly, there is possibility that the error send to address is not in use yet. Does that it at some point someone might be assigned that address and find some free random bitcoin waiting for them like a nice Christmas gift lol?


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Wicked17
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November 20, 2017, 05:04:40 PM
 #40

Hi!
As the title says, what happens if i get an address wrong? Do the coins get lost?
If that's what happens, why not change the code in Bitcoin, so that if the bitcoin network cant detect that address, returns the bitcoins to you?

the bitcoin address will be detected if it is typo error or had a missing letter or numbers, the transaction will simply failed . If you sent a legit but into another address, sad to say but you lose your coin unless the owner of the bitcoin send it to you back your coin but that is nearly impossible Smiley

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