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Author Topic: Accidentally sent BCH instead of BTC  (Read 348 times)
hardcores
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September 03, 2019, 11:12:14 PM
 #21

I think when you send bitcoin cash or bitcoin on a wallet like blockchain you can use the same wallet, but if it's your case I think you should also try to contact coinbase through support but maybe the funds you sent won't be able to return.
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September 05, 2019, 01:12:11 AM
 #22

I have done this too. I sent 1 bch to a btc address on localbitcoins. The problem is they can't get your bch back because it would compromise the security of their system to extract a wallet privatekey just for you.
This is what I was told. I guess it does make sense.

 
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September 05, 2019, 03:46:53 AM
 #23

I have done this too. I sent 1 bch to a btc address on localbitcoins. The problem is they can't get your bch back because it would compromise the security of their system to extract a wallet privatekey just for you.
This is what I was told. I guess it does make sense.

it doesn't really compromise any security if it is done correctly and by the right person. a lot of cases on different exchanges have been solved this way in the past. the problem is that it is a lot of work to recover these coins so exchanges rarely bother with it unless the amount is significant enough to justify the effort.

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September 05, 2019, 04:29:25 AM
 #24

I have done this too. I sent 1 bch to a btc address on localbitcoins. The problem is they can't get your bch back because it would compromise the security of their system to extract a wallet privatekey just for you.
This is what I was told. I guess it does make sense.

it doesn't really compromise any security if it is done correctly and by the right person. a lot of cases on different exchanges have been solved this way in the past. the problem is that it is a lot of work to recover these coins so exchanges rarely bother with it unless the amount is significant enough to justify the effort.

It's not dangerous if done correctly, but despite having done correctly thing, still not rule out possibility for hackers to infiltrate their system. So, when they extract one of private key, they are a little stretching their security to access private key, well we will never know that hackers took opportunity at that time. If value isn't too much, I think it's better for user to just let it go, but if it's worth a lot, the platform should help restore it.

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September 05, 2019, 08:55:01 AM
Last edit: September 05, 2019, 09:07:37 AM by odolvlobo
 #25

it doesn't really compromise any security if it is done correctly and by the right person. a lot of cases on different exchanges have been solved this way in the past. the problem is that it is a lot of work to recover these coins so exchanges rarely bother with it unless the amount is significant enough to justify the effort.

It's not dangerous if done correctly...

Having the ability to expose private keys (and to bypass the security that protects them) is dangerous. There is no "correct" way or "right person" that eliminates that danger.

I think you are under-estimating how seriously a company like Coinbase protects its keys. Other exchanges may be more cavalier, but those are the ones that get hacked.

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September 05, 2019, 09:15:40 AM
 #26

it doesn't really compromise any security if it is done correctly and by the right person. a lot of cases on different exchanges have been solved this way in the past. the problem is that it is a lot of work to recover these coins so exchanges rarely bother with it unless the amount is significant enough to justify the effort.

It's not dangerous if done correctly...

Having the ability to expose private keys (and to bypass the security that protects them) is dangerous. There is no "correct" way or "right person" that eliminates that danger.

I think you are under-estimating how seriously a company like Coinbase protects its keys. Other exchanges may be more cavalier, but those are the ones that get hacked.

just use a hardware security module.  its only about 10 grand

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September 05, 2019, 09:23:29 AM
 #27

Hello - earlier today I meant to send Bitcoin BTC to an address but accidentally sent BCH Bitcoin cash.

I hope you can solve this problem, because it's not easy. I wish you luck.
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