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Author Topic: Ahh...need to try to retrieve unspent bitcoins  (Read 508 times)
over my head
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November 28, 2017, 02:20:46 AM
 #1

I screwed up and am looking for advice.
I have a BLOCK CHAIN wallet which I used to send to Kracken BUT...I chose to deposit to a BTCash account not Bitcoin! ( so dumb)
AHH...now it is sitting as unspent.
I have emailed Kracken and Block chain. nothing yet. I started reading blogs but some of the technical language is over my head...private keys etc..
Any one able to give me advice on how to proceed. I am sweating bullets and feeling sick to my stomach.
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November 28, 2017, 07:29:47 AM
 #2

I screwed up and am looking for advice.
I have a BLOCK CHAIN wallet which I used to send to Kracken BUT...I chose to deposit to a BTCash account not Bitcoin! ( so dumb)
AHH...now it is sitting as unspent.
I have emailed Kracken and Block chain. nothing yet. I started reading blogs but some of the technical language is over my head...private keys etc..
Any one able to give me advice on how to proceed. I am sweating bullets and feeling sick to my stomach.

Only Kraken can help you. They are the ones, who own the private keys. Private key iis needed to import to the right wallet. If you are very lucky,  the fees where so low, that transaction gets canceled. But on Blockchain.info nearly impossible.
So you should wait for support from Kraken. I think, they will help you out.
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November 28, 2017, 08:10:38 AM
 #3

I screwed up and am looking for advice.
I have a BLOCK CHAIN wallet which I used to send to Kracken BUT...I chose to deposit to a BTCash account not Bitcoin! ( so dumb)
AHH...now it is sitting as unspent.
Let this be a lesson for you. Never send bitcoin cash to a bitcoin wallet and vice versa. Similarly never send a wrong ether token to a omni wallet. They will lost forever and there will be (in most cases) nothing you will be able to do about it. They are simply lost.

Quote
I have emailed Kracken and Block chain. nothing yet. I started reading blogs but some of the technical language is over my head...private keys etc..
Any one able to give me advice on how to proceed. I am sweating bullets and feeling sick to my stomach.
Importing the private keys can sometimes work. But here you do not have control over private keys. The BTC has been sent to a BCH wallet controlled by Kraken. Since they control the private keys, only they can help you.

Dont make this mistake again of sending a specific currency to a wrong wallet.

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over my head
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December 01, 2017, 04:41:39 PM
 #4

KRACKEN...refuses to help. Very expensive mistake on my part.  Thank for the information, I was really hoping they would step up
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December 01, 2017, 06:50:05 PM
 #5

KRACKEN...refuses to help. Very expensive mistake on my part.  Thank for the information, I was really hoping they would step up

I've message you very useful information that has yet to have been pointed out

coming soon
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December 02, 2017, 09:24:35 PM
 #6

I screwed up and am looking for advice.
I have a BLOCK CHAIN wallet which I used to send to Kracken BUT...I chose to deposit to a BTCash account not Bitcoin! ( so dumb)
AHH...now it is sitting as unspent.
Let this be a lesson for you. Never send bitcoin cash to a bitcoin wallet and vice versa. Similarly never send a wrong ether token to a omni wallet. They will lost forever and there will be (in most cases) nothing you will be able to do about it. They are simply lost.

Quote
I have emailed Kracken and Block chain. nothing yet. I started reading blogs but some of the technical language is over my head...private keys etc..
Any one able to give me advice on how to proceed. I am sweating bullets and feeling sick to my stomach.
Importing the private keys can sometimes work. But here you do not have control over private keys. The BTC has been sent to a BCH wallet controlled by Kraken. Since they control the private keys, only they can help you.

Dont make this mistake again of sending a specific currency to a wrong wallet.
whats the problem about sending bitcoin cash to bitcoin wallet vice versa?sorry
I'm kinda noob about this message,when will be the coins go?will you please enlighten
me about this one,and for the sake of many user so they will be more carefull on this
matter

Thank you in advance !!!

TheUltraElite
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December 03, 2017, 08:19:05 AM
 #7

I screwed up and am looking for advice.
I have a BLOCK CHAIN wallet which I used to send to Kracken BUT...I chose to deposit to a BTCash account not Bitcoin! ( so dumb)
AHH...now it is sitting as unspent.
Let this be a lesson for you. Never send bitcoin cash to a bitcoin wallet and vice versa. Similarly never send a wrong ether token to a omni wallet. They will lost forever and there will be (in most cases) nothing you will be able to do about it. They are simply lost.

Quote
I have emailed Kracken and Block chain. nothing yet. I started reading blogs but some of the technical language is over my head...private keys etc..
Any one able to give me advice on how to proceed. I am sweating bullets and feeling sick to my stomach.
Importing the private keys can sometimes work. But here you do not have control over private keys. The BTC has been sent to a BCH wallet controlled by Kraken. Since they control the private keys, only they can help you.

Dont make this mistake again of sending a specific currency to a wrong wallet.
whats the problem about sending bitcoin cash to bitcoin wallet vice versa?sorry
I'm kinda noob about this message,when will be the coins go?will you please enlighten
me about this one,and for the sake of many user so they will be more carefull on this
matter

Thank you in advance !!!

If you want to send bitcoin cash then send it to a bitcoin cash wallet ONLY! Do not send it to a Bitcoin wallet. Bitcoin and Bitcoin cash are two different coins and not the same thing. Same thing with Bitcoin Gold as well. If you send the wrong currency to a wallet that is not of that currency then the coins will be lost. If you send OMNI tokens to an ethereum wallet then they will be lost. The wallet will not recognize the coin you sent.

There may be ways to recover them but its always better to be safe than try to fix it. Like they say prevention is better than cure.

.FORTUNE.JACK.
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...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
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#JACKMATE
WIN 1 BTC
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December 03, 2017, 11:56:40 AM
 #8

whats the problem about sending bitcoin cash to bitcoin wallet vice versa?
Analogy: You're buying an item in a shop, and you have to pay $100. The seller wants to have $100 in his cash register, to complete the sale.
Instead of giving him $100, you accidentally drop €100 through a crack in the floor. The seller is the only one who can get your €100 back, but it's a lot of work (which means it's expensive) to get it back.
At some point in the future, when enough people dropped money through the same crack, the seller can decide it's worth recovering.
At that point it becomes interesting in crypto: who owns the accidental deposits? It it Kraken (or Bittrex or any other exchange)? Or is the person who made the mistake the owner, and if so, it his ownership based on the dollar-value at the moment it was deposited, or is it based on the amount in crypto?

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December 03, 2017, 01:49:36 PM
 #9

I screwed up and am looking for advice.
I have a BLOCK CHAIN wallet which I used to send to Kracken BUT...I chose to deposit to a BTCash account not Bitcoin! ( so dumb)
AHH...now it is sitting as unspent.
I have emailed Kracken and Block chain. nothing yet. I started reading blogs but some of the technical language is over my head...private keys etc..
Any one able to give me advice on how to proceed. I am sweating bullets and feeling sick to my stomach.


I hope you can retrieve it soon as earning bitcoins is never easy and the continuing rise on its value makes it very difficult to accept and it really sucks to think that you have lost it for a simple mistake.  I hope the admin will return the bitcoins which is erroneously transacted to you.

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December 04, 2017, 02:59:40 AM
 #10

At that point it becomes interesting in crypto: who owns the accidental deposits?
As with all things in CryptoCurrency... the person in control of the private keys controls the coins...

By assigning the value of your coins to the private keys controlled by the shopowner, you cease to be in control of those coins, so "ownership" isn't in dispute. The real discussion is more about morals and ethics, ie. "Is the shopowner morally/ethically obligated to return the money?"

Furthermore, what about if we're talking about a large exchange and the process to "reclaim" the misplaced coins by extracting private keys could potentially expose private keys/wallets that could lead to the loss of millions of coins which are "other peoples money"?

Also, should the shop keeper be compensated for their time/effort for someone else's mistake?

CryptoCurrency involves a LOT of responsibility... people often neglect that part of the "Be your own bank" catchphrase... Tongue

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December 04, 2017, 08:49:34 PM
 #11

At that point it becomes interesting in crypto: who owns the accidental deposits?
As with all things in CryptoCurrency... the person in control of the private keys controls the coins...
On a technical level you're right, but I was thinking on a legal level.
Of course, if you accidentally send your coins to a random address with unknown owner, there's nothing you can do. But in this case it's sent to an exchange, and the owner is known.

Quote
The real discussion is more about morals and ethics, ie. "Is the shopowner morally/ethically obligated to return the money?"
I'd say he is. But I'll be the first to admit I'd be annoyed if people start sending random amounts to one of my addresses, and then expect me to fork those addresses to recover their funds!
Quote
Also, should the shop keeper be compensated for their time/effort for someone else's mistake?
That sounds reasonable.
Bittrex charges 0.1BTC fee, and only recovers it if the initial amount is worth more than $5k. My guess is they assume anything under $5k isn't worth sueing them over, so they don't care.

Quote
Furthermore, what about if we're talking about a large exchange and the process to "reclaim" the misplaced coins by extracting private keys could potentially expose private keys/wallets that could lead to the loss of millions of coins which are "other peoples money"?
Now we're back on a technical level Cheesy I've made the suggestion before to give customers the option to retire the addresses they've used on the exchange. This can be an automated process, the customer pays the exchange $50, the exchange has 1 week to empty all normal funds from the addresses, and after that the customer receives the private key.
This could be a relatively easy and cheap way to recover your funds.

Quote
CryptoCurrency involves a LOT of responsibility... people often neglect that part of the "Be your own bank" catchphrase... Tongue
The fact that there is no "undo"-button is a feature, not a bug Cheesy

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