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Author Topic: Avoid sending your BTC to the same wallet its coming out of - Quick reminder  (Read 204 times)
Abu-Naim
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November 20, 2023, 02:48:19 PM
 #21


This is helpful, but it could become stressful because the person needs to input each alphabet and letter individually. It won't be practical for multiple or bulk sending. In my opinion, it's better to compile all addresses in a spreadsheet. Then, whenever you want to send, you can simply go there, copy, cross-check, and send without having to type all the time.
I think inputting the letters manually is not also advisable because you can make errors while inputting the address.

The use of QR Code is probably the best way to get the right address without too much error or been affected by malware; but using copy and paste method is also good and common among us, you just need to be very careful and double check the address you copy and pasted before processing the transaction to avoid sending bitcoin to a scammer address that might have been in your device due to malware virus.

Always make sure your device is clean and free from viruses of any kind.

R


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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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November 20, 2023, 03:05:12 PM
 #22

If you have concerns that your system may have a virus, then by default, you should not send anything anywhere. Writing a wallet address manually is very tedious, and if you are afraid that you might make a mistake when copying and your wallet will be replaced by another wallet, then there is a possibility of a virus, which will do its job, if not this time, then another time. Simply keep the system clean. If you know where you go online and what you do on your device, you won't get into trouble.
Maybe this is worth mentioning, that malware and virus are not the same because all viruses are malware while not all malware are viruses. Clipboard malware is not a virus. What viruses do to devices is to damage file data, damage files and also make the device to work as it supposed not to be, like to slow down the system or to make it work abnormally.
I consider clipboard virus as a virus. Although it doesn't directly damage the system or any files in any way, but it do damage the standard copy paste function. I still remember the time, when I first got infected by this sly clipboard virus. Everything would work normally. But whenever I copied a text that looked like a crypto address format, it would replace mine with their phishing address. Not just dangerous, very dangerous. Just imagine sending all of your assets without realizing the address is wrong.  Smiley

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November 20, 2023, 03:06:34 PM
 #23

...Just a reminder, always double-check your receiving address before sending. Bitcoin fees are high, and if your Bitcoin gets sent to the same address it's coming out of, it might return, but you'll lose the fees. You can't afford to lose $10 due to a careless mistake that could've been prevented.

This is not the biggest problem you can face by sending your coins to your wallet, while losing $10. The real problem will arise if you send your coins to someone else's wallet. And it is for this reason that you need to carefully check the address to which you plan to make the transfer.

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November 20, 2023, 10:51:48 PM
 #24

Yesterday I tried making a Bitcoin transaction and I accidentally added the same address it's coming out of. Mistakenly I may have tap the copy to clipboard without realizing. Luckily for me I did not click the send button before I realized my self.

You probably notice this because it was a mistake on your end and the wallet in question was not in any way similar to the one you want to send your bitcoin to, or maybe you already knew the beginning and ending of both the send-out and receiving addresses.
 
If it was a clipboard address that generated and changed your address to almost an identical one with the one you are sending it to, I doubt you could have been able to notice this error; it could have only been noticed after you could have waited for days without seeing the transaction in the main receiving address.
 
Be it a mobile wallet or trying to send from a desktop, with things that are happening currently in regard to the clipboard virus, the safest way is to use your hand and type your address one after the other to make sure that they are correct and nothing changes as a result of the copy and paste, and most times I make use of the QR code scanner to scam an address directly from the receiving side. Always don't just look at the beginning of your transactions, but always look at every bit of it to be sure they are not changed.

R


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November 20, 2023, 11:53:33 PM
 #25

Glad you didn't send the transaction. If the copied BTC wallet address is not yours there's chance that your computer may have been attacked by the clipboard hijacking but if not then you need to be more careful when making transaction next time and always double check the receiver address before making any transaction.

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November 23, 2023, 01:36:18 AM
 #26

Im user trust wallet back couple of month ago and usually the wallet decide what the best fee is when you send the transaction I only check the wallet and then send it. and I pay almost 20$ in fee  Shocked what a joke. The case had similar with Safepal but they gave a choice of fees from low to fast.

Fee is crazy right now guys  Grin  so better to double check it before cry later

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November 23, 2023, 03:06:23 AM
 #27

I think, newbies has learned a lot of things from this your experience because many newbies has lose a lot of money trying to send Bitcoin to their address without Cross check to know if he or she is sending the Bitcoin to a wrong address that will make such person to end up in tear because the moment the transaction showed confirmed or transaction successful show that the Bitcoin has left your wallet to another wallet. I don't see any reason that will make me to send Bitcoin to myself when I know that gas fees is too high, and I don't like to touch my Bitcoin in my wallet because am holding them for long hodling to ensure I make something good from them.

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November 23, 2023, 07:13:12 AM
 #28

Glad you didn't send the transaction. If the copied BTC wallet address is not yours there's chance that your computer may have been attacked by the clipboard hijacking but if not then you need to be more careful when making transaction next time and always double check the receiver address before making any transaction.
The copied bitcoin address is his own, so there will not be any loss if he sends bitcoin back to the address. But it is good to check the address you are sending to again and again before sending the coin for it not to be a wrong address.

Im user trust wallet back couple of month ago and usually the wallet decide what the best fee is when you send the transaction I only check the wallet and then send it. and I pay almost 20$ in fee  Shocked what a joke. The case had similar with Safepal but they gave a choice of fees from low to fast.

Fee is crazy right now guys  Grin  so better to double check it before cry later
Yes the mempool is congested but this is not related to bitcoin transaction fee.

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November 23, 2023, 08:32:31 AM
 #29

I think I’ve read several warnings against the copy and paste technique and one thing I always do is to check my wallet address before dropping it for receiving funds and a lot of things actually requires a lot of caution as far as cryptocurrency is concerned. At some point is it possible to send coins to oneself because I have never had such thoughts as to making a mistake to send from a wallet to same wallet and if is possible, now is absolutely the very wrong time to make such mistakes.

R


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November 23, 2023, 09:36:20 AM
 #30

If you have concerns that your system may have a virus, then by default, you should not send anything anywhere. Writing a wallet address manually is very tedious, and if you are afraid that you might make a mistake when copying and your wallet will be replaced by another wallet, then there is a possibility of a virus, which will do its job, if not this time, then another time. Simply keep the system clean. If you know where you go online and what you do on your device, you won't get into trouble.
Maybe this is worth mentioning, that malware and virus are not the same because all viruses are malware while not all malware are viruses. Clipboard malware is not a virus. What viruses do to devices is to damage file data, damage files and also make the device to work as it supposed not to be, like to slow down the system or to make it work abnormally.
I consider clipboard virus as a virus. Although it doesn't directly damage the system or any files in any way, but it do damage the standard copy paste function. I still remember the time, when I first got infected by this sly clipboard virus. Everything would work normally. But whenever I copied a text that looked like a crypto address format, it would replace mine with their phishing address. Not just dangerous, very dangerous. Just imagine sending all of your assets without realizing the address is wrong.  Smiley
People need to consider this as harmful attempts by people working on that methods since if we are not careful upon dealing our transaction then we might caught up by this malwares. And its good that OP didn't immediately send the balance since we all know what will happen with that after he sent. That's why for other its better to be more careful upon doing some transaction on any means and always check the wallet address where you want to send the balance so that we can verify if the one we paste still the wallet we used for payment or other important means.

This kind of malware became famous before and right now its still existing so people should be aware of its existence so that we would provably know that if we are still safe and not doing anything that can harm us also with the funds we transact.

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