Many people think on-chain transfers are simple, but this is the key point:
When you withdraw from an exchange, once the request is sent to the blockchain, the platform can no longer reverse it. You can only cancel it while it is still under review.
The irreversibility of on-chain transactions benefits the recipient: once the payment has received enough confirmations, there’s no need to worry that the sender will reverse it afterward.
Before withdrawing, make sure the recipient supports the network you select. If the networks don’t match, the funds may be very difficult to recover.
Back to the market: $BTC , current price 73727.18 (24h -1.34%).
Markets involve risks. Trade with caution.
When you withdraw from an exchange, once the request is sent to the blockchain, the platform can no longer reverse it. You can only cancel it while it is still under review.
The irreversibility of on-chain transactions benefits the recipient: once the payment has received enough confirmations, there’s no need to worry that the sender will reverse it afterward.
Before withdrawing, make sure the recipient supports the network you select. If the networks don’t match, the funds may be very difficult to recover.
Back to the market: $BTC , current price 73727.18 (24h -1.34%).
Markets involve risks. Trade with caution.