Let’s talk about on-chain transfers.
Once an on-chain transfer has been recorded in a block and received multiple confirmations, no institution can unilaterally reverse it—not wallet developers or node operators.
To be honest, I hadn’t paid attention to this next point before: before withdrawing, make sure the recipient can receive funds on your chosen network. If you choose the wrong network, the assets may be very difficult to recover.
Finally, a price update: $BTC is quoted at 81455.09 (24h +1.92%).
Understanding how it works can help you avoid some pitfalls, but it’s no substitute for managing your position.
#BTC
Once an on-chain transfer has been recorded in a block and received multiple confirmations, no institution can unilaterally reverse it—not wallet developers or node operators.
To be honest, I hadn’t paid attention to this next point before: before withdrawing, make sure the recipient can receive funds on your chosen network. If you choose the wrong network, the assets may be very difficult to recover.
Finally, a price update: $BTC is quoted at 81455.09 (24h +1.92%).
Understanding how it works can help you avoid some pitfalls, but it’s no substitute for managing your position.
#BTC