Why can bank transfers be canceled, but crypto transfers can’t?
Once an on-chain transfer has been recorded in a block and received multiple confirmations, no one can unilaterally reverse it—not wallet providers or node operators.
Before sending funds to a new address for the first time, send a small amount as a test. Once you’ve confirmed it arrived, send the rest. Paying one extra transaction fee is worth the peace of mind.
The coin mentioned in the article: $BTC is trading at 83672.63 (24h -0.53%).
Have you ever misunderstood this too?
#BTC
Once an on-chain transfer has been recorded in a block and received multiple confirmations, no one can unilaterally reverse it—not wallet providers or node operators.
Before sending funds to a new address for the first time, send a small amount as a test. Once you’ve confirmed it arrived, send the rest. Paying one extra transaction fee is worth the peace of mind.
The coin mentioned in the article: $BTC is trading at 83672.63 (24h -0.53%).
Have you ever misunderstood this too?
#BTC