Why can’t on-chain transfers be reversed?
Wallet software can only check whether an address is formatted correctly. It can’t tell who the address belongs to, so a transfer will still go through even if you enter the wrong person’s address.
While a transaction is still waiting in the mempool, some wallets offer an “accelerate” feature. This works by sending a replacement transaction with a higher fee, but it may not succeed.
When managing your holdings, remember this above all: anyone claiming they can help you recover coins you’ve already sent and asking you to pay upfront is almost certainly a scam.
$BTC 81571.44(-1.41%)
Wallet software can only check whether an address is formatted correctly. It can’t tell who the address belongs to, so a transfer will still go through even if you enter the wrong person’s address.
While a transaction is still waiting in the mempool, some wallets offer an “accelerate” feature. This works by sending a replacement transaction with a higher fee, but it may not succeed.
When managing your holdings, remember this above all: anyone claiming they can help you recover coins you’ve already sent and asking you to pay upfront is almost certainly a scam.
$BTC 81571.44(-1.41%)