Sending Crypto to the wrong address

[Rikafip]

• Did it happen to you?

No.

• How comfortable are you every time you transfer to a remote address?

Pretty comfortable. It wasn't like that at the beginning though, I was very stressed when I was sending bigger amounts but after some time you get used to the fact that its non reversible.

• Would you be more comfortable using a helper?

Not really, never really thought about wanting to have something like that as I got used to the current system where you are responsible for your own money and no bank or other 3rd can rectify your mistake.

• What do you use today to mitigate this risk?

I check first and last 4-5 characters when I am sending smaller amounts but when I am sending bigger ones I usually check the whole address and that's about it. And yes, I am trying to avoid sending crypto when I am in a hurry as that's when people usually make mistakes.

[Mahanton]

Because we control everything, therefore we must be careful and thorough before making transactions and corrections repeatedly until the wallet address is correct.
and I've never experienced it because it's easy for me and so far no errors, just copy paste which I keep very safe and also use a password to do it and after that keep re-correcting to make sure it's correct or not and done.
and we don't need help because this is our own bank and this is the freedom we want, and still have to be careful because if we make a mistake it will be forfeited and that's the risk.

Usually mistakes are really that because of human error.Always just be sure that you would really send out funds on the exact address and you do need to double or triple check if the said address is right.
Considering that crypto transactions are irreversible then its understandable that every sent of funds would really be final thats why you should really be mindful before pressing that
sent button.You wont really be committing mistakes if you arent  that careless when it comes to that.

[roslinpl]

It will be happened to all the people in this forum for at least one time.Even it was happened to me also.But my luck,it was not a big amount.I think it was around of 60 dollars.While copying and pasting,I had made some mistake.Then I had contacted the support of that exchange.They said it was loss.Because of the wrong address.It’s better to recheck the address for 5 times to skip such problems.

[D ltr]

1. Yes, I've done it before and there's no hope for my coins to come back, so I think it's useless in this review, it won't come back,
2. It's convenient if the address I use is correct, it doesn't take up to 1 day to wait
3. no I'm more comfortable doing it myself, btw helper in what sense is this?
4. It's not too much to just research in copying the address that I will send periodically between the beginning and the last 8 digits

[AakZaki]

So far I have never done that and hope it will never happen. Another mistake I've made is sending coins that require digit codes to the exchange market. I did that because I didn't know there was a code required, I thought it was just a free code. But it turned out to be like a zip code whose purpose seemed to go directly into my walet in exchange. Luckily it got there but to the common exchanga wallet. I had to email the exchange about this problem, more than three weeks just finished.

[tazmantasik]

Because we control everything, therefore we must be careful and thorough before making transactions and corrections repeatedly until the wallet address is correct.
and I've never experienced it because it's easy for me and so far no errors, just copy paste which I keep very safe and also use a password to do it and after that keep re-correcting to make sure it's correct or not and done.
and we don't need help because this is our own bank and this is the freedom we want, and still have to be careful because if we make a mistake it will be forfeited and that's the risk.

Usually mistakes are really that because of human error.Always just be sure that you would really send out funds on the exact address and you do need to double or triple check if the said address is right.
Considering that crypto transactions are irreversible then its understandable that every sent of funds would really be final thats why you should really be mindful before pressing that
sent button.You wont really be committing mistakes if you arent  that careless when it comes to that.

How to anticipate human error by saving bitcoin sending history address first, when have second chance for sending bitcoin not have to copy wallet address. I think with save history sending bitcoin address or altcoin could effective less wrong address sending assets, but usually I sent bitcoin from mobile phone trough with Binance account or using trustwallet always sending by QR Code, maybe sending trough computed is not available and support with mobile phone only for sending assets bitcoin or altcoin.

[so98nn]

Did it happen to you?

It never happened to me yet and I just hope I will be very careful Like this all the time in future also.

How comfortable are you every time you transfer to a remote address?

I’m very comfortable while sending to remote address since I would usually check the address minimum three times. To minimise the risk I will ask for QR code instead of copy pasted address and then scan and send the bitcoins. Way more safer than copy pasting.

Would you be more comfortable using a helper?

Having additional step security measure is not a problem at all. However, I still don’t have exact idea how it would be helping me besides popping a notification have you checked the address?

What do you use today to mitigate this risk?

Same thing, triple check address and most of the time using QR code.

[MiF]

We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
Can you guys help us have a greater perception on the user side?

• Did it happen to you?
• How comfortable are you every time you transfer to a remote address?
• Would you be more comfortable using a helper?
• What do you use today to mitigate this risk?

Thanks

Double check anything specially when you send a big amount of asset on other address, always put on your mind that once you send it in a wrong address you cannot recover it anymore, there is always a risk in crypto but if you take care of everything there would be no problem at all. Just do it in a slow way with proper understanding and  you'll be fine.

[Rockstarguy]

One needs to be extremely careful when sending crytocurrency because if any small mistake should be made during transaction it can't be put to order back. When mistakes like this happens this  it can be that crytocurrency that is sent to wrong address is huge amount, this can be very frustrating. When  making a transaction it important to check the address severely to confirm if it is the correct one that should be sent.

[alik111]

Before making any transection we should take a look again to make sure that the address and blockchain network are correct. Sending to another network address will also lose crypto.

[tazmantasik]

Be careful before sending cryptocurrency assets and you can use test first by sending little amount and success receiving you can sent all your funds, I watched on Tiktok video meme have some one sending bitcoin with higher amount but forget to copy one word latest off bitcoin address, looks waiting long time still not received yet and back for checking he was forget with one letter only. This happening just left one letter your assets will loss and not have refund or cancel option like sending on PayPal when have trouble by email we can make cancel and get back money.

[Lubcub62]

• Did it happen to you?
• How comfortable are you every time you transfer to a remote address?
• Would you be more comfortable using a helper?
• What do you use today to mitigate this risk?

Thanks

I've never experienced it. and hopefully never.
I always double-check before sending to the intended wallet address.
what always worries me is when withdrawing or sending coins from an exchange to a personal wallet. I've experienced a delay in receipt of up to 5 days less. written on excange has been successfully sent but in personal wallet did not receive. in cex tx it turned out to be wrong. appeal to the exchange is really annoying. so I hope there is an exchange with the feature of using a personal wallet to trade. or exchange wallets can be backed up like waves exchange.

[Digitalbitcoin]

• Did it happen to you?

No.

• How comfortable are you every time you transfer to a remote address?

Very much comfortable. By checking the address of the sender by confirming it twice.

• Would you be more comfortable using a helper?

No. To date not used any helper. But in the future, if any services are available then will definitely consider a helper.

• What do you use today to mitigate this risk?

I personally always check the sender's address along with the respective chain, and network. Most addresses with exchangers have limited control over cross-chain support, so always check Chain support for a particular address. Blockchain technology is immutable and non-reversible. So always confirm and verify your transaction before making any payment via crypto.

[Fortify]

We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
Can you guys help us have a greater perception on the user side?

• Did it happen to you?
• How comfortable are you every time you transfer to a remote address?
• Would you be more comfortable using a helper?
• What do you use today to mitigate this risk?

Thanks

It feels a bit like wasted time to be honest and I'm not sure that you would get much transaction with such a piece of software. It feels like something that you might use inside wallet software but not as a standalone product by itself. Do you envisage it as a website or a piece of software to download? As people will, or should, be extremely wary of installing any software on a system even loosely related to their bitcoin funds. There seems like other much greater choices for your time, copy & paste is already an effective helper.

[lovesmayfamilis]

This is a good idea to help users to send and Bitcoin transactions correctly, in my opinion the easy thing to do is to provide confirmation several times, for example email, sms and so on, if you can provide an option can be canceled when there has been a confirmation that we set then it better.

If you need an assistant, then you must completely trust him, right? But now, when the Internet is full of fraudulent programs, how can a reasonable person trust the software at a time when something can be done independently? It's not such a big task to send it to the correct address. Just follow the rules, keep your system clean to avoid keyloggers, and also take your time, be in a sober state of mind, able to focus properly to check the entered address.

It will be happened to all the people in this forum for at least one time.

I've read all the answers and almost no one has made this kind of mistake. But yes, people with experience answered in this thread. But for a beginner, entering the wrong address can be a typical mistake, after which a person will gain experience in avoiding mistakes.

[KaliLinux]

We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
Can you guys help us have a greater perception on the user side?

• Did it happen to you?
• How comfortable are you every time you transfer to a remote address?
• Would you be more comfortable using a helper?
• What do you use today to mitigate this risk?

Thanks

I understand that once a transaction is sent there is no reversal to that transaction so are you saying you are developing something that can reverse a sent transaction? The only thing would be for you to check and cross-check your receiving address that it is correct and that you are sending to the right network and coin address, not BTC-WBTC and so forth.

[blatchcorn]

• Did it happen to you?
• How comfortable are you every time you transfer to a remote address?
• Would you be more comfortable using a helper?
• What do you use today to mitigate this risk?

If you loss your bitcoin then just move on. There is nothing you can do to recover it. To mitigate this risk best thing you can do is, in case you are transferring a big amount then better send a small amount first to conclude that you are sending to right address.

[jhonjhon]

I am glad that it did not happen to me well what do you expect if you send it to the wrong address? of course you can't return it back  I recommend copying and pasting it, then triple-checking for any incorrect words or numbers. This will prevent cash from being sent to the incorrect address. If you have any doubts, I believe it would be beneficial to hire a helper to ensure that everything runs smoothly and without errors.

[Ziskinberg]

We're developing something to reduce human error in crypto transactions, especially those in which some mistake was made when writing the receiver address.
Can you guys help us have a greater perception on the user side?

Thanks

One and the best way to avoid such particular mistakes is to double-check the address before sending.
We should also read carefully about what pop-ups on our screen as this serves as a warning. The more we are careful with our actions and doings, the more we avoid such regrettable scenarios. This is very common for people who keep themselves hurry, we need to change this attitude otherwise sending it to the wrong address is possible.

[pawanjain]

Did it happen to you?

No, it has never happened to me that I sent my BTC to a wrong address. I check thrice before sending my precious coins to other addresses.

How comfortable are you every time you transfer to a remote address?

I am pretty much comfortable with the traditional way of transferring coins to an address.

Would you be more comfortable using a helper?

I wouldn't like to compromise my addresses just because I am lazy and careless to check the addresses before sending coins to it.

What do you use today to mitigate this risk?

I use a standard non-custodial wallet and paste the address into it and then send coins to that address.
I wonder why people make such silly mistakes of sending coins to wrong address.
Either people are lazy or dumb enough to check the addresses they send their coins to.