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Author Topic: Double check your Bitcoin address before click on send button.  (Read 373 times)
lobcmt2
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March 25, 2019, 09:13:47 AM
 #21

When you paste an address and press "SEND" button, the wallet asks you to type the first & last 3 characters/numbers of that address before sending.
Until then, do this manually.
Agree with it. It would be nice solution ever to avoid device hack or keypad hack. Especially mostly happend this kind of hack on web wallet. But it will be better if all kind of wallet add this feature. So at least we can avoid this kind of hack and save our fund from scammers. You can proceed to create thread about it.
It is good, but I am curious that if senders are carefully enough to spend time to check first 3 and last 3 characters, why not check all addresses?
It will cost less than a minute to check the whole address, not only 6 characters.
Are there probability that some addresses have same first 3 and last 3 characters/letters?
Not sure, I am not technical guy in Bitcoin and cryptography, but I think the best approach is checking the whole address.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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March 25, 2019, 10:43:40 AM
 #22

Not sure, I am not technical guy in Bitcoin and cryptography, but I think the best approach is checking the whole address.
I mean, this is what happens on hardware wallets such as the Ledger, for example. When you try to make any transaction, the entire address scrolls across the screen and requires manual confirmation before it will send. The same thing then happens for the desired amount. It takes all of 10 seconds to hold your device up to your computer screen beside the address in question and read them both off at the same time. It amazes me that people don't even bother to do these simplest of checks and continue to be scammed in this way.


Especially mostly happend this kind of hack on web wallet.
Just one more reason why no one should ever use a web wallet.
whotookmycrypto
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March 25, 2019, 11:35:45 AM
Last edit: March 26, 2019, 04:35:50 PM by whotookmycrypto
Merited by dbshck (4), DdmrDdmr (1)
 #23

Some people mentioned verifying just the first and last few characters of an address. We wouldn't do that personally as it still leaves you vulnerable to clipboard hijackers. These things have become pretty smart and can even paste addresses that look similar to yours. See the following video to understand how it happens:

https://www.youtube.com/watch?v=Ty-_IjavYH4

Verifying anything less than the full address exposes you to risk. How much risk? You can estimate this by how much it would cost an attacker to generate a similar looking address. For example, if you only verified the first and last 3 characters, it would costs an attacker 0.0097 BTC (per https://bitcoinvanitygen.com/) to generate a similar looking address. (Note: Just enter 6 random characters into the website. The order doesn't matter since the computational cost is the same whether it is the first and last 3 or the first 6 characters). If your transaction is worth anymore than that value, then it would make sense to verify more characters.

Thus, rather than having to evaluate each time how much risk you are taking on, we think it is simpler to just verify the entire address. Once from left to right, and then a second time from right to left (just to be doubly sure). Transactions on the blockchain are irreversible so we certainly won't risk it.

Another point to consider: Do you really process so many transactions in a given day that it would take up significant amounts of time to verify entire addresses? Looking at Bitcoin adoption around the world, we suspect most people have problems even finding places to spend their Bitcoins.

We have also written an article of precautions to take when sending and receiving cryptocurrencies. Hope it helps.

Stay safe.

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March 25, 2019, 03:24:27 PM
 #24

My question is that is there a way to recover funds that were sent to a BCH address?
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March 25, 2019, 07:09:14 PM
 #25

My question is that is there a way to recover funds that were sent to a BCH address?
Yes. Simply import your address’ private key or the wallet seed in a BCH supported wallet (e.g Electron Cash) and spend the BCH.

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March 26, 2019, 03:46:21 AM
 #26

Not just double check but check all characters of the wallet, so we are sure we send to the right address.

It's happened with my friend wallet, every time he copy and paste the wallet, and he always got a different wallet address, so he types manually one by one and then checks one by one the characters and push the send button.
He decides to buy a new laptop because he knew that something wrong happens with his laptop and he doesn't want to think twice besides that, and he needs to change his old laptop.

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