What can be done to stop loss sending to wrong bitcoin address

[cotton ball]

Another thing is to use mobile wallets that can scan QR codes. That way, when you scan, you get the address as provided by the merchant or receiver.

You should still double check the first few characters to see if it matches.

There is a possibility that clipboard malware may use similar looking first characters, but I have not seen any that use the last characters, so double checking the first 5 and the last 5 should cover you.

Using mobile wallet and scan QR codes is best way how to protect your sending bitcoin without use wrong wallet address, but for sender have use mobile phone and receiver can show his QR codes, I think this way never have chance although little with wrong information wallet address for sending bitcoin and you can received faster than send by using bitcoin wallet address.

[CryptoBry]

What's that suspicious link that was removed from your post,OP
Are you trying to promote something?
The problem with sending btc to wrong addresses will continue forever,but there's a solution.
It's called "double checking the address before sending any BTC".
It's genius,isn't it.

Genius! And a lot of common sense which has become so rare these days when availability of information is exploding and technologies are sprouting. I am always doing even a triple check whenever I am sending something no matter how small or big. And this of course from checking the possibility of malware attack. People in the world of cryptocurrency should always be educated as far as being careful otherwise there would be a big chance of becoming another victim statistics.

[Blackdeath]

Honestly, it is very simple to stop sending bitcoin to a wrong bitcoin address is by double or triple checking their bitcoin address or you can also used a QR code when you are using a mobile crypto wallet to avoid mistyping the address and more convenience in sending a payment.

[White Christmas]

Honestly, it is very simple to stop sending bitcoin to a wrong bitcoin address is by double or triple checking their bitcoin address or you can also used a QR code when you are using a mobile crypto wallet to avoid mistyping the address and more convenience in sending a payment.

That's right, actually when the news spread that there are some issues who are mistakenly send some bitcoin on the wrong bitcoin address, I am always double check the bitcoin address if it is right or wrong bitcoin address because sometimes I am just copy the bitcoin address and paste it when I am sending some bitcoin to other people but right now using the coins.ph I will just send it via qr code or double checking the bitcoin address if it is right or not. I never tried to type the bitcoin address because it is very common to mistype the bitcoin address and etc. so better if we will be careful about that.

[Bitcoinislife09]

This never happened to me I think if you are just careful enough you could protect and never get mistake especially in sending bitcoin,
They could develop a double-check address in sending Bitcoin in the wallet other than that you could just use the QR code so that it will never be mistaken the bitcoin address you wanted it to be sent.

[Asuspawer09]

What is suggesting makes absolutely no sense.

No one should have to give any authorization to receive money, only to send. This is how it always worked out in Fiat currency as well

If the user is careless and sends money to any address without verifying, it is solely his fault and he loses the money . There is nothing no one can do.

What you are suggesting, authorization to receive money, causes so many problems that it is not worth mentioning.
How would donations work? There would be so much more congestion cause there will be those transactions going back and forth...

Bad idea.

We know that if we already send the bitcoin in the address there is no way we could get it back unless if it doesn't send in the blockchain sometimes if there is no much traffic in the blockchain it will be cancelled but it rarely happened, From that, we should be careful enough before sending the bitcoin in the address also before allowing the sender to send the bitcoin in the address a lot of bitcoin wallet already have the details and allowing you to check the bitcoin address where you wanted it to send it was already your fault if you are too lazy to check the address.

[andycarrol]

Honestly, it is very simple to stop sending bitcoin to a wrong bitcoin address is by double or triple checking their bitcoin address or you can also used a QR code when you are using a mobile crypto wallet to avoid mistyping the address and more convenience in sending a payment.

I think what is meant is when he already sent to the wrong address, how to stop or maybe cancel it, I think bitcoin does not have that feature after we send it to the wrong address our money is lost. not like PayPal or bank. but what you are explaining it is just anticipation to not experience mistakes in sending to wrong Bitcoin addresses.

[Eclipse26]

This never happened to me I think if you are just careful enough you could protect and never get mistake especially in sending bitcoin,
They could develop a double-check address in sending Bitcoin in the wallet other than that you could just use the QR code so that it will never be mistaken the bitcoin address you wanted it to be sent.

Being cautious and careful about the address in sending bitcoin is really essential to avoid losing bitcoin. But sometimes even though we are careful enough there are hackers who can hack your account and after copying the address, when you paste it, it'll change without you noticing it. Hackers really are doing all the things they can do just to get other people's money.
Just like you, I'm always careful and thankfully, this also never happened to me before.

[Coin_trader]

This never happened to me I think if you are just careful enough you could protect and never get mistake especially in sending bitcoin,
They could develop a double-check address in sending Bitcoin in the wallet other than that you could just use the QR code so that it will never be mistaken the bitcoin address you wanted it to be sent.

Being cautious and careful about the address in sending bitcoin is really essential to avoid losing bitcoin. But sometimes even though we are careful enough there are hackers who can hack your account and after copying the address, when you paste it, it'll change without you noticing it. Hackers really are doing all the things they can do just to get other people's money.
Just like you, I'm always careful and thankfully, this also never happened to me before.

Nope, they can't access your wallet unless you allow them intentionally or unintentionally because if you don't download anything that a bit suspicious on the Internet then there is no way that hacker can access your computer. Many of the victims unintentionally download a malware that results to losing funds especially if the victim didn't double check. That's why having a strong security on your computer is essential to keep your funds safe.

[xiboothrezi]

Another thing is to use mobile wallets that can scan QR codes. That way, when you scan, you get the address as provided by the merchant or receiver.

You should still double check the first few characters to see if it matches.

There is a possibility that clipboard malware may use similar looking first characters, but I have not seen any that use the last characters, so double checking the first 5 and the last 5 should cover you.

That's right, doing double checks is the most effective way than just entrusting the work to the machine alone. I trust my eyes more, even though there are other things that are easier, but they are easily manipulated by fraudsters or hackers, right? Copy-paste alone can be manipulated by a virus so that the address that we are aiming for can be changed automatically to the fraudster's wallet. I once mistakenly entered my wallet to withdraw, instead of entering my wallet address, I even entered the wallet contract address. Luckily the developer wants to return my token. It was a very valuable experience, and since then I have always checked repeatedly to ensure that the address entered is correct.

[seoincorporation]

I think is responsibility of the people to verify they are sending the coins to the right address. I know tons of coins have been lost this way, but even if you create the more secure system people could still failing with a simple copy-paste.

The good news is that every time a user send btc to the wrong addy, he learn the leason and he will not that mistake again.

[Rodeo02]

I think is responsibility of the people to verify they are sending the coins to the right address. I know tons of coins have been lost this way, but even if you create the more secure system people could still failing with a simple copy-paste.

The good news is that every time a user send btc to the wrong addy, he learn the leason and he will not that mistake again.

and weve seen many people experience this things. As long as there are people victimised by malware this will continue  the only way to be carfeul to always double the address you want to send money always.

[dewin]

Checking address four or five times before sending anything, with no rush

[AniviaBtc]

Honestly, it is very simple to stop sending bitcoin to a wrong bitcoin address is by double or triple checking their bitcoin address or you can also used a QR code when you are using a mobile crypto wallet to avoid mistyping the address and more convenience in sending a payment.

I think what is meant is when he already sent to the wrong address, how to stop or maybe cancel it, I think bitcoin does not have that feature after we send it to the wrong address our money is lost. not like PayPal or bank. but what you are explaining it is just anticipation to not experience mistakes in sending to wrong Bitcoin addresses.

Of course you have nothing to do with the sent bitcoin to wrong account. These platforms should develop and improve their service that give solutions to human error.

Double checking address is most common solution but, having an easy to remember address is much more essential to avoid wrong addresses.

Short addresses are enough for someone to easily send money without hassle. So QR is also good for the more secure transferring of money.

[airdnasxela]

Checking address four or five times before sending anything, with no rush

It is indeed one of the thing we should do but sometimes people are just too lazy to even double check the addresses before sending it. SO if they loses their bitcoin because of the wrong address, they'll come asking for help what to do and how to get their bitcoin back. But if you really just check it before hand, you wouldn't lose bitcoin. The problem is that we become so confident because we don't lose bitcoin that's why we also become careless sometimes.

[asus09]

Bitcoin and altcoin sending transaction payment are not the same with other digital currency payment when sending, some digital currency can refund and failed for transaction if using wrong address or email payment like PayPal and Payza, but for bitcoin is never have refund and cancel sending payment after you click withdrawal or sending your bitcoin, keep stop loss sending to wrong bitcoin address only double check your bitcoin wallet address.

[Spaffin]

Bitcoin and altcoin sending transaction payment are not the same with other digital currency payment when sending, some digital currency can refund and failed for transaction if using wrong address or email payment like PayPal and Payza, but for bitcoin is never have refund and cancel sending payment after you click withdrawal or sending your bitcoin, keep stop loss sending to wrong bitcoin address only double check your bitcoin wallet address.

If you use Myetherwallet to send tokens or Ethereum to any wallet, then there is still the opportunity to cancel the transaction until the first confirmation is received.  Of course, this is very rare if you do not follow the transaction.  But in relation to other cryptocurrencies, I doubt that such an opportunity exists.  And here I really support you, because you correctly say that everyone should be attentive to the use of cryptocurrency, and even more so when making financial transactions.

[Pinkris128]

I think you cannot undone or cancel it when you already have sent a bitcoin to the wrong bitcoin address, that is why there are a lot of incidents in the past years that they submitted their bitcoin in a wrong address. It is also the reason why mobile crypto wallets started to create QR codes to avoid submitting a bitcoin and altcoin to the wrong address.

[Polar91]

I think you cannot undone or cancel it when you already have sent a bitcoin to the wrong bitcoin address, that is why there are a lot of incidents in the past years that they submitted their bitcoin in a wrong address. It is also the reason why mobile crypto wallets started to create QR codes to avoid submitting a bitcoin and altcoin to the wrong address.

To satisfy the issue, rather than sending bitcoin to address even in QR or copy and pasting the wallet address. If we already sent an amount to that particular address then we should take into consideration that looking on the transaction history and making a transaction will be more secure on it rather than inputting the address again and scanning the QR. In other ways, the developers should also consider making a payment profile to easily send bitcoin to particular address with just one click without risking on some clipboard scams and hacking.

[fullhdpixel]

Since Bitcoin (and other cryptocurrencies as well) is a peer-to-peer method of transaction, there is no middle man involved and in control of the transaction, there's no way you can retrieve your money once you send it. Cryptocurrencies and the Blockchain has no Central control unit, users are the ones that have the control over their transactions, so once you send your Bitcoin to someone there is no way you can retrieve it.

Unless maybe wallet providers will add a feature that will delay transactions from being sent once users click the send button, so that maybe if they have sent to the wrong address and then realize that within a few minutes, they can go back and cancel it and re-enter the right address. But that is still of no use. It's up to you to be careful, if you are careless you will end up losing your money, as simple as that.