You can get a refund for a card purchase, so why not for an on-chain transfer?
Irreversibility is one of the trade-offs of blockchain design: there’s no central authority that can alter the ledger, and no one who can help you reverse a transaction.
There’s no chargeback process on the blockchain like there is with banks. If you send coins to the wrong address, the only way to get them back is for the recipient to return them voluntarily. If they don’t cooperate, there’s usually nothing else you can do.
The most costly thing in this space has never been transaction fees—it’s the price of not understanding the rules.
Don’t trade with borrowed money. The pressure can push you into making bad decisions.
$BTC 83011.72 (+0.25%)
#BTC
Irreversibility is one of the trade-offs of blockchain design: there’s no central authority that can alter the ledger, and no one who can help you reverse a transaction.
There’s no chargeback process on the blockchain like there is with banks. If you send coins to the wrong address, the only way to get them back is for the recipient to return them voluntarily. If they don’t cooperate, there’s usually nothing else you can do.
The most costly thing in this space has never been transaction fees—it’s the price of not understanding the rules.
Don’t trade with borrowed money. The pressure can push you into making bad decisions.
$BTC 83011.72 (+0.25%)
#BTC