Cryptocurrency Q&A
What happens if you send Bitcoin to an address that doesn't exist?
What happens if you send Bitcoin to an address that doesn't exist?
Lorenzo
Tue Dec 17 2024
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6 answers
1208
I'm wondering what would occur if I accidentally sent Bitcoin to a nonexistent address. Would the transaction fail or would the funds be lost forever? I'm concerned about the safety of my Bitcoin transaction.
6 answers
Alessandra
Thu Dec 19 2024
When an address is entered, it undergoes verification against the blockchain's wallet structure.
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IncheonBlues
Thu Dec 19 2024
If the entered address matches the wallet structure, the system proceeds with the transfer.
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BlockchainBaron
Thu Dec 19 2024
It is important to note that the transfer occurs regardless of whether the address has been previously created.
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CryptoLord
Thu Dec 19 2024
The address becomes nonexistent once a certain condition is met.
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lucas_jackson_pilot
Thu Dec 19 2024
The blockchain's address pool is vast, and addresses can be generated from it without prior creation.
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