1. Invalid address
When withdrawing coins and transferring funds, the default network has address verification. If the address is invalid and does not meet the address verification standards, there is no way to transfer it out, so the coins will not be lost.
For example, if you intend to withdraw BTC, but enter the address of ETH. This kind of currency transfer on different public chains is inoperable. In this case, the exchange or wallet will prompt that this address cannot be withdrawn.
2. Effective address
If it is a valid address , it can definitely be sent. If the other party is an unused account , the coins will be lost directly and cannot be retrieved;
If the other party is an account that someone is using, you can try to contact the other party to see if they are willing to refund it to you;
However, if it is a transfer between two currencies on the same public chain, such as BTC transferred to the BCH address, the coin may be lost, which cannot be retrieved.
3. Third-party platform withdrawal
If you withdraw money through a third-party platform, for example, you withdraw money from your Huobi account to other wallets, usually after you initiate a withdrawal on the Huobi platform, it needs to be reviewed by the platform before you can remit it . Before sending out, if you find that you mentioned the wrong address, contact the customer service or staff of the platform as soon as possible, and it can be intercepted. Once the audit is approved and remitted, the transfer has already reached the block network and there is no way to retrieve it.
