What Happens When Crypto Is Sent to The WRONG Address??

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  • čas přidán 7. 09. 2024

Komentáře • 216

  • @CoinGecko
    @CoinGecko  Před 5 měsíci +17

    Have you ever experienced something similar to this? 😔😔

    • @ajazulhaq7345
      @ajazulhaq7345 Před 5 měsíci +1

      Yes I sent my 527 usdt to bone contract address mistakenly

    • @ajazulhaq7345
      @ajazulhaq7345 Před 5 měsíci +1

      Is there any way to recover my assets

    • @axptogood6478
      @axptogood6478 Před 5 měsíci +2

      sent 3.7 sol to the cheebs contract address lmao

    • @makavelli3094
      @makavelli3094 Před 5 měsíci

      I sent shib from bep20 to erc2 on bitget.
      I don't know how to recover my fund

    • @Quinten372
      @Quinten372 Před 4 měsíci +1

      @@ajazulhaq7345 no

  • @pakone83
    @pakone83 Před 5 měsíci +51

    Yeah, I transferred my BTC worth 500$ to ETH network last year. But that was not a loss but a lesson for me.

    • @teru797
      @teru797 Před 4 měsíci +2

      how?

    • @sus527
      @sus527 Před 4 měsíci +5

      I'm a noob literally lost alots in trading because God hate me nothing go right for me, but damn how can someone make such a mistake from btc to eth network?

    • @pakone83
      @pakone83 Před 4 měsíci

      @@teru797 I was transferring my BTC to my another wallet and at the same time I was doing some calculations and by mistake entered Eth network address.

    • @finfame
      @finfame Před 4 měsíci

      Same here back many years ago but ain't that much. Just $10 taught me a good lesson.

    • @teru797
      @teru797 Před 4 měsíci +2

      @@finfame yeah only send small ammounts to an address first.

  • @casinowiz007
    @casinowiz007 Před 5 měsíci +67

    Send a test amount first. Also, after copying and pasting, double check first and last 3-4 characters/numbers match exactly.

    • @teru797
      @teru797 Před 4 měsíci +7

      yep, too bad there aren't better safe guards that help make sure you're sending to the right address.

    • @davearnold731
      @davearnold731 Před 4 měsíci +6

      Yes, always!!! Send the smallest amount possible. Double check it landed in the correct wallet THEN send the rest!

    • @artvanderlay6974
      @artvanderlay6974 Před 4 měsíci +8

      That's a good habit to get into unless you're stuck using Ethereum. Then it can get expensive. Still better than losing all your coins though.

    • @peacefulsoul72
      @peacefulsoul72 Před 4 měsíci +1

      The fees are too high. A test send 2as costing me 24 bucks

    • @teru797
      @teru797 Před 4 měsíci +1

      @@peacefulsoul72 Wait until they are low. Set custom sat to 16 sats. maybe 20 I think. Basically send as low priority if time is not an issue.

  • @TheJmartini15
    @TheJmartini15 Před 4 měsíci +9

    I have yet to do this, I always triple check! But it’s my worst nightmare too.

  • @anonb0
    @anonb0 Před 4 měsíci +4

    Don't send usdt from binance to coinbase on optimism even though it's provided as an option, coinbase apparently doesn't support optimism yet even though a warning is no where to be seen!

  • @BobbiFlash
    @BobbiFlash Před 4 měsíci +5

    This is a huge reason why bitcoin will never be around forever eventually they will all be lost by human error...

    • @andyvankerkhove6902
      @andyvankerkhove6902 Před 4 měsíci

      I guess , that will take a while...lol

    • @BobbiFlash
      @BobbiFlash Před 4 měsíci

      @@andyvankerkhove6902 yeah but still why build a economic system of something that will aultimmity fail in the short run.... It can only be a store of value and eventually people will get bored of it... Utility is king for longevity...

    • @theedwardian
      @theedwardian Před 4 měsíci +1

      Yeah and every human will die because they'll eventually forget to breathe and eat food, right? JUST MATCH THE NUMBERS! It's really not that difficult.

  • @Guapd.
    @Guapd. Před 5 měsíci +44

    Got my crypto stolen while sending to the Biconomy exchange. 10/10 don’t recommend using this exchange.

    • @808MELOW
      @808MELOW Před 5 měsíci +13

      That's your fault. Why did you use a low tier exchange?

    • @Guapd.
      @Guapd. Před 5 měsíci

      @@808MELOW wanted to buy a coin that only them and another exchange had. The other exchange wasn’t available in my area.

    • @apollo-aries
      @apollo-aries Před 4 měsíci

      @@808MELOWStraight up never heard of it lol

    • @Alex123321Alex123
      @Alex123321Alex123 Před 4 měsíci

      Never heard of it, why not coinbase?

  • @1trompet146
    @1trompet146 Před 5 měsíci +10

    If you make a typo the most likely scenario is that the build in checksum isn’t correct, and the transfer won’t go through at all.

  • @user-zz7hh6tz5s
    @user-zz7hh6tz5s Před 4 měsíci +19

    this is so confusing,....how do you expect crypto to be widely adopted if issues like this occur?

    • @AquarianAgeApostle
      @AquarianAgeApostle Před 4 měsíci

      Correct

    • @StevenPringle-mu3zt
      @StevenPringle-mu3zt Před 4 měsíci +9

      Keep in mind that this is like the early Internet days this is the copper wiring, the pipes, the cement, the foundation being laid. These are the circuit boards and wires below the ATM. Once crypto is adopted it will be a simple depositing and withdrawing Fiat cash from an ATM

    • @hanlin7024
      @hanlin7024 Před 4 měsíci +3

      What issues lol, if you write the wrong address it will obviously go to the wrong person, just like writing the wrong email address or the wrong IBAN

    • @Otome_chan311
      @Otome_chan311 Před 4 měsíci +3

      The same thing happens if you try to mail a letter to the wrong address BTW.

    • @Tutanchat
      @Tutanchat Před 4 měsíci +2

      guidance in app & QR will do the job

  • @kodwanikennethmsosa
    @kodwanikennethmsosa Před 5 měsíci +12

    satoshi nakamoto wallet address

  • @andyvankerkhove6902
    @andyvankerkhove6902 Před 4 měsíci +1

    its like mailing a letter to a wrong or non existing address... what do you expect ?

  • @Empowerrr
    @Empowerrr Před 4 měsíci +8

    This is my worst nighmare

    • @theedwardian
      @theedwardian Před 4 měsíci

      Easy to avoid. Like mailing anything valuable just make sure the address is correct.

    • @TrollToll2000
      @TrollToll2000 Před 4 měsíci

      Always white-list important addresses.

  • @oklufbokluf2839
    @oklufbokluf2839 Před 4 měsíci +1

    Satoshi Force us all to learn banking. And gives us 140years time. Thats wise. Lol. Ive 3333 satoshi in Nirvana for testsending to a lightning network.

  • @IbadassI
    @IbadassI Před 4 měsíci

    They really need to solve this problem before mass adoption.
    [Possible solution]
    I reckon you send to recipient, recipient acknowledges receipt, sends message to sender confirming something known to both (say passcode), sender then accepts validity. Only if all three occur does the transaction get finalised. Otherwise transaction does not finalise.

  • @Chhhhhhshs
    @Chhhhhhshs Před 5 měsíci +5

    i sent my arb airdrop to arb contract address by mistake 😢

  • @ciprianstanciu7
    @ciprianstanciu7 Před 4 měsíci

    There's a 4th posibility : you initiated a transaction but your internet or power went out. Your wallet thinks you don't have that amount but everyone else doesn't know that so unless the wallet can rebroadcast the transaction on demand your funds are stuck. Happened to me :|

  • @OnlyCompassionIsNeeded
    @OnlyCompassionIsNeeded Před 2 měsíci +1

    Please help me. I was stupid that I trusted this exchange without rigorous research.

  • @bradebronson8835
    @bradebronson8835 Před 4 měsíci +1

    If you send crypto on the wrong chain but from one cex to another cex... you can recover those funds... but you have to pay each cex fees to do so...

  • @dajoaneke
    @dajoaneke Před 4 měsíci +1

    My friend sent BNB B from Binance to a BNB BEP2

  • @WestCoastFront
    @WestCoastFront Před 4 měsíci +2

    I did this mistake a few months ago. Lost $90.

  • @enam9000
    @enam9000 Před 4 měsíci +2

    Lost 7 bitcoins about 4 years ago, it was my fault, lesson learned, I'm extra careful with what websites i use now.

    • @axe3740
      @axe3740 Před 4 měsíci +1

      Damn sorry for your loss.. My $5K got stolen too.. Someone hacked my wallet and made it it's own

    • @takrian
      @takrian Před 4 měsíci

      On which address did you send?

    • @dwdwone
      @dwdwone Před 4 měsíci

      ​@@axe3740How?

  • @Masmon599
    @Masmon599 Před 4 měsíci

    Padahal ini merupakan suatu permasalahan yg bisa jadi uang,
    Dengan menciptakan jaringan yg menganalisis token yg di Terima berjenis token tertentu dan mencocokkan addres baru untuk menyimpan segala jenis token

  • @googooboyy
    @googooboyy Před 4 měsíci

    Costly mistakes made cheerful with such an upbeat video! YAY!

  • @vivanity9750
    @vivanity9750 Před 4 měsíci +1

    wait i remember when i downloadsd exodus and it already had 300usd of eth

  • @drinno8900
    @drinno8900 Před 4 měsíci

    So this money is lost to the system forever ? Is that like setting fire to paper money. wonder if it cause deflation??

  • @silaha21
    @silaha21 Před 4 měsíci +1

    Those cryptos float in the air (Blockchain)

  • @Gamster420
    @Gamster420 Před 4 měsíci

    The last example isn't explained well. If i understand correctly: If you send ETH to non EVM, then it does sit on the chain under that address, but you cant generate the private key with you your etherium seed phrase? So that is similar to scenario 3?

    • @Otome_chan311
      @Otome_chan311 Před 4 měsíci

      The actual answer is that chains are entirely unrelated except shared addressing in some cases. To send from eth to polygon you have to bridge the assets. Centralized exchanges typically do this automatically for you. If you select incompatible chains then it's up to the exchange what happens ultimately. Since they're handling the bridging. But wrong address = funds are lost. If you just select wrong eth l2, same keys are used everywhere so you can access bridged funds.

  • @matrox
    @matrox Před měsícem

    Bottom line to sum it up. Send to the wrong address and you are shit out of luck whether it be
    $1 or $1miil. Thats the #1 problem with this whole system. no safe guards.

  • @WisdomGiven
    @WisdomGiven Před 4 měsíci +1

    What if I sent wrapped-solana from my wallet to my coinbase Solana? The transaction went through but I can't see the money? Is there any way to get that money back?

    • @overgroun
      @overgroun Před 4 měsíci

      talk to Coinbase about it. they may recover. Dont trust random people online who say they will recover. they are scammers

    • @Otome_chan311
      @Otome_chan311 Před 4 měsíci

      If the TX shows that coinbase received it you should contact their customer support. If you use sol in self custodial wallet and send to the SOL address coinbase gives you, you should receive the funds fine. I've done this numerous times. Sometimes it takes a second for coinbase to show it.

  • @aimanabdallah4204
    @aimanabdallah4204 Před 4 měsíci +1

    I accidently send 100 $ worth of sol to a random ass contact adress instead of to my sniping

    • @Me-nk5ic
      @Me-nk5ic Před 2 měsíci

      Yeah me too.. is there a way to recover this bro?

  • @groupatash4726
    @groupatash4726 Před 4 měsíci

    yes i transferred 1 eth to wrong address . Fortunately it was a layer 2 of eth network :)) but i was thinking for almost 2 years it was lost . recently i notice that and realy easy found it back :D at the end the price dubeld at that time and i was like super happy :D

    • @isiecr5479
      @isiecr5479 Před 4 měsíci

      I used a wrong network type😢

    • @stuartop1249
      @stuartop1249 Před 4 měsíci

      Bro can u please transfer 50 usdt to my matic address 🙏

    • @stuartop1249
      @stuartop1249 Před 4 měsíci

      I want to start trading

    • @OPTIONandSWINGTRADER
      @OPTIONandSWINGTRADER Před 4 měsíci

      Wrong address and you recovered? How? Was it your wallet?

  • @FreeTomG
    @FreeTomG Před 4 měsíci +1

    I actually received BTC from an unknown wallet

    • @abc876
      @abc876 Před 4 měsíci

      Lol that's funny

  • @K-boy22
    @K-boy22 Před 4 měsíci +1

    I sent my crypto from Avalanche to BNB smart chain. Any hope?

    • @ClosestNearUtopia
      @ClosestNearUtopia Před 4 měsíci

      No unless you bridge.

    • @K-boy22
      @K-boy22 Před 4 měsíci

      @@ClosestNearUtopia How do i do that?

    • @ClosestNearUtopia
      @ClosestNearUtopia Před 4 měsíci

      @@K-boy22 search for crypto bridges, BNB exchange had one few years back, there you can send an asset from one chain, to another if you connect to a wallet or give an adress.

  • @LEGENDARYPIRATESYT
    @LEGENDARYPIRATESYT Před 5 měsíci

    I sent on a address which was not that chain address i sent on eth address I selected bep chain

  • @web3chimpz
    @web3chimpz Před 5 měsíci +1

    What if sent to a smart contract address of the same chain

    • @soulreaper9453
      @soulreaper9453 Před 4 měsíci

      it will go through but Dev of that project will be able to access it

  • @raphael8463
    @raphael8463 Před 5 měsíci

    Self crypto easily solve this problem by enabling users to send/receive crypto across any chain via a simple username of choice. No more sending to wrong wallets.

    • @MadhuraSiriwardhana
      @MadhuraSiriwardhana Před 4 měsíci

      It's not possible as the address creation relies on an algorithm

  • @Allanon85
    @Allanon85 Před 4 měsíci

    You get double back of course!

  • @gopalgarg4295
    @gopalgarg4295 Před 5 měsíci

    private key how to change mnemonic phase

  • @julious3603
    @julious3603 Před 4 měsíci

    I sent a bunch of chainGPT using the eth blockchain instead of BNB 😢

  • @Alcoolclub
    @Alcoolclub Před 4 měsíci

    I have so many dead wallets from 2013 etc containing like 300 doge etc i will never remember the passwords i think one had like 600 doge 😂
    All from faucets..😂

  • @michalbotor
    @michalbotor Před 5 měsíci +3

    tldr;
    it's gone

    • @Kayjagx_
      @Kayjagx_ Před 4 měsíci

      yeah... that is the essence

  • @AquarianAgeApostle
    @AquarianAgeApostle Před 4 měsíci +1

    Crypto can never be minstream til these vital issues are resolved. There has to be some kind of recourse. All non crypto transactions have a level of security in many ways whether paying fiat or by plastic. meanwhile crypto has zilch. Scammy af

    • @Otome_chan311
      @Otome_chan311 Před 4 měsíci

      This is just an inherent address problem. If you send a letter to the wrong mailbox it's gone forever. If you send an email to the wrong email address, the wrong person receives it. If you wire funds to the wrong bank account number, it ends up in the wrong place.
      This isn't a problem unique to crypto...

  • @johnadams3038
    @johnadams3038 Před 4 měsíci

    I just sent a SOL from my Binance wallet to Metamask address and lost it

    • @takrian
      @takrian Před 4 měsíci

      I hope you used sol address to send

  • @thiensanhvole3002
    @thiensanhvole3002 Před 4 měsíci

    I accidentally send 500$ worth of ETH from my Metamask Linea network to my Bianace ERC20 address 😅 Wish i see this video earlier.

  • @Vixxy_88
    @Vixxy_88 Před 4 měsíci

    Worst nightmare in crypto ever😂😂😂😂

  • @LThierry
    @LThierry Před 4 měsíci +1

    i sent $100,000,000 of my btc to eth network am i cooked?

  • @maxoverridemax
    @maxoverridemax Před 4 měsíci

    Short answer.🤔
    Click sound.
    😶🔫.

  • @joshdmlg
    @joshdmlg Před 4 měsíci +1

    $GMRX

  • @AravindOffl
    @AravindOffl Před 3 měsíci

    4000 doller loss

  • @Mexisdown
    @Mexisdown Před 4 měsíci

    I like mumu coin and loose all money

  • @lIIlllIIIl
    @lIIlllIIIl Před 4 měsíci

    dont do crypto its so stupid. we all make mistakes and even those who check double and usually dont make mistakes can get burned by messing up just once.

  • @spy_sherattv9863
    @spy_sherattv9863 Před 4 měsíci

    yeah i lost 20-30 $ Because im checking always :D i did mistake 1 time but after i made 20+ transcations successfully 2000$+

  • @codeosagie
    @codeosagie Před 4 měsíci +2

    Crypto is not safe.

  • @summerbreeze5115
    @summerbreeze5115 Před 5 měsíci

    Only HODL

  • @gyankisudha1277
    @gyankisudha1277 Před 4 měsíci

    🎉🎉🎉🎉🎉

  • @josemiguel9639
    @josemiguel9639 Před 5 měsíci +1

    Lost for sending from polkadot, shit network

    • @milanfeyen72
      @milanfeyen72 Před 5 měsíci

      There is a way to get it back if you’re using bybit and if you have proof

  • @Dinkwadd
    @Dinkwadd Před 4 měsíci

    You can kiss your crypto good bye

  • @user-nn2ms6fb6u
    @user-nn2ms6fb6u Před 2 měsíci

    😂

  • @videoview5179
    @videoview5179 Před 4 měsíci

    In simple language dont go for crypto

  • @user-ww8zo2ex9h
    @user-ww8zo2ex9h Před 2 měsíci

    This was legitimately so wholesome. You can tell at the ending of getting Your money back that it wasn't scripted at all when Grindtechiei proposed.... This warmed my heart today! Congratulations Guys! So happy for y'all!....

  • @GROW_YOUTUBE_VIEWS_m041
    @GROW_YOUTUBE_VIEWS_m041 Před 5 měsíci +1

    I can see this playing on the radio😌