Sending coins/Tokens to wrong address

[glyk85 166]

I suspect that the transfer is not executed, for example if you send Ethereum to a Bitcoin address, the transfer is not sent and your money remains, but if the error is with the same currency address, the money cannot be recovered.

[jeramirez 43]

The big headache for many of us once happened to me and reading in the forums to avoid making the mistake again I understood that the first 4 and the last 4 characters of the wallet had to be checked at least so you avoid sending to the wrong address
 

[Joseunda 35]

This  is one of the disadvantages of cryptocurriencies, that you will not be able to cancel transactions and if you make a mistake you will lose that

[Cryptomint 433]

This means you have totally lost of your assets. And you can never access to your coin. So please always be careful at the time of giving address.

[Teminali69 1081]

On 10/7/2020 at 12:26 PM, Joseunda said:

This  is one of the disadvantages of cryptocurriencies, that you will not be able to cancel transactions and if you make a mistake you will lose that

It is not just a disadvantage but an advantage as well, if you make a deal with someone you do not need to wait for the transaction to get confirmed because it can not be canceled you can just wait for it at home.

[Onden 2098]

Sending the wrong coins will only make them disappear, we don't know if they can be recovered or not. I think If the wrong address has a user then the coins you send will belong to that person. But if the wrong address doesn't belong to the owner, the coin might just disappear.

[khan22 3478]

On 10/13/2019 at 10:47 AM, Nicecrypto said:

I know this has happened to me once when I just entered crypto, sent a token with same ticker to the wrong exchange wallet address. Now the question is, what happens to the token or coins you mistakenly sent to a wrong address since they are not delivered? Do they burn up in crypto space or what? This has been on my mind so just needed some understand on it.

Sending coins on the wrong address its mean you lost your coins becasue in the crypto market there is not reverse of the coins or it will not give any error that you send the coins to the wrong address. So be careful to the send the coins to any address.

[Michaelx018 0]

In my opinion this is one of the biggest disadvantages of dealing in cryptocurrency. When the address of the person is given False or incorrectly then the currency is lost forever. This mechanism is one of the biggest disadvantages because there is no way of retrieving the lost currency.

[cryptovlek 2597]

I haven't done that and it will be a big mistake as you won't be able to recover coins send to a wrong address. If the address you send them is under the control of someone then he is a lucky person to have the coins now and probably he won't be a saint to send them back to you.

[Fixfin 2569]

What you should do is always check the addresses, if you are not sure don't hit send but check again. Also if you are in a hurry, take a step back and relax. Do it without being in a hurry as mistakes happen easier. Also being tired can make you mistake like that.

[Russel 017 506]

I do not  understand what actually happened if one send token in  to wrong address. May be it will burn.But i am sure it will be lost forever.

[bogdanoff 3173]

If you do that it's 99% over. 1% is that this address might belong to you and you can access it in some other exchange but if you made this mistake it means you had that address somewhere copied for some reason. If you have perhaps contact information you could try to ask for the coins to be send back to you.

[Syedbesharat 5423]

On 10/13/2019 at 10:47 AM, Nicecrypto said:

I know this has happened to me once when I just entered crypto, sent a token with same ticker to the wrong exchange wallet address. Now the question is, what happens to the token or coins you mistakenly sent to a wrong address since they are not delivered? Do they burn up in crypto space or what? This has been on my mind so just needed some understand on it.

If you have send at wrong address and the holder is human he can send you back because he have received your address through block chain but if it goes to exchanges their for you can contact with them. May be they recover your coins and give it back to you. But I have never experienced this so far my experience is nill in this matter. But always make double check, it's best to paste down at note paid before sending and confirm the address of sending. 

[kryptonick 2659]

On 10/13/2019 at 8:47 AM, Nicecrypto said:

Do they burn up in crypto space or what? This has been on my mind so just needed some understand on it.

If you send to a wrong address the coins are lost from you. You will have to check your addresses as you could mistakenly send it to one you had saved and you can use again but if it was one that you don't know or don't have private keys, or it is not from an exchange you are registered, then you send it to someone else. You should first of all check this address on a blockchain explorer and see if you recognize other transfers as maybe it could be one of yours.

[Froshk 1828]

Sending coins and tokens to the wrong Address could be one of the worst thing that can happen to a cryptocurrency holder, it's virtually impossible to track whom you have sent it to, that's why it's necessary to cross check addresses and tags before sending. 

[entrepreneur 634]

No, they just get sent to that address and after x confirmations ( depending on the coin ) you will not be able to get it back. So always double check the address.

[Malik9532 1276]

Sorry to say this I don't think you can get your money back . Otherwise it's depend on  owner of he or she is honest then you have some chance to get money back . Otherwise I think not .

[Nicole018 4548]

This is a new piece of information for me. I see that this is one of the biggest limitations of cryptocurrencies. The problem that you won't be able to recover your cryptocurrency and that it would get a lost in the blockchain is another. So I hope that something would be introduced to recover as this would be usually beneficial for the users who make mistake.

[Amr90 1064]

Really good question,
If the address that you sent the crypto to actually exists for a specific wallet, then there is nothing you can do, unless the person re-sends it on his own, and this is unlikely.
But if the wallet address is wrong, meaning there is no recipient, I think that the sent currency will be suspended on the blockchain system, and the miners will not be able to approve the transaction, the transaction may be rejected, so the currency will be returned to your wallet, I hope so.

[abohasnn9 2401]

Dear friend, we must verify the wallet address once and twice before sending money or depositing, for example, because when you are sent to the wrong wallet address, you will not be able to recover any of the money sent so be careful, thank you

[Abuhassan 89]

If you send out your talk token to a wrong wallet address I think you have lost it forever and the money will not reverse back again unlike Fiat currency if you send money to a wrong account number the money will reverse back to your account.

[Sykkuno 2887]

I don't know how people do that very often, probably it means that you had saved a wallet of someone and did a mistake to use that instead of another one, I haven't done that in the past and probably you need a good system to not have easy access to public addresses that are used in previous and always double check where you are sending your coins.

[Rozy 1918]

This is so unfortunate , I hope it never happen to anyone. However, since most cryptocurrency sites mostly do not use KYC , then the chance to get your money back is zero, and to be honest once the procedures of transferring and investing are controlled by any authority , then theory of Crypto will lose its value, since people are attracted to the fact that they are anonymous. 

[zhoutong 2188]

Maybe as a beginner it can happen to someone but later when understanding the process it is something rare and would require circumstances to happen. Or to have a compromised system by malware that changes the address to another one and sends the crypto to scammers.

[Mansoor sumaan 29 0]

If you have sent the tokens are the currency to any wrong address and if the address is valid then it belongs to the owner of that address. But if you have entered the incorrect address which is not valid then I don't think that your amount is delivered , your amount remain pending and you can cancel it anytime.