Let’s talk about on-chain transfers.
Blockchains don’t have chargeback procedures like card networks do. 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.
One thing many people overlook: this irreversibility protects the recipient. Once a payment has enough confirmations, they don’t have to worry about the sender changing their mind and reversing it.
Before sending coins to a new address for the first time, you can send a small amount as a test. Once you’ve confirmed it arrived, send the rest. Paying an extra transaction fee is a small price for peace of mind.
The market right now: $BTC , current price 77526.01, 24h +0.7%.
I can be wrong too, so use your own judgment.
Blockchains don’t have chargeback procedures like card networks do. 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.
One thing many people overlook: this irreversibility protects the recipient. Once a payment has enough confirmations, they don’t have to worry about the sender changing their mind and reversing it.
Before sending coins to a new address for the first time, you can send a small amount as a test. Once you’ve confirmed it arrived, send the rest. Paying an extra transaction fee is a small price for peace of mind.
The market right now: $BTC , current price 77526.01, 24h +0.7%.
I can be wrong too, so use your own judgment.