A wallet address is a destination, not an account name. Nothing on the network checks that you meant to send there. If the address is valid but wrong, the transfer succeeds perfectly and the funds are somebody else's.

Two habits remove nearly all of this risk. Copy and paste rather than typing, then verify the first and last several characters against the source. And when a network is chosen separately from the address, confirm the network too - a correct address on the wrong network is the other common way people lose a transfer.

Binance Academy covers this in more depth: https://www.binance.com/en/academy/glossary/btc-wallet-address

Trading crypto from Dubai since 2019.

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