Cryptocurrency Q&A Can money be taken from QR code?

Can money be taken from QR code?

Sara Sara Fri Nov 29 2024 | 6 answers 1211
I'm wondering if it's possible for someone to withdraw money from a QR code. Could funds be accessed or transferred out of a QR code by scanning it? Can money be taken from QR code?

6 answers

HanRiverVisionaryWave HanRiverVisionaryWave Sun Dec 01 2024
If someone scans a QR code thinking they are receiving money and enters their OTP, they might actually be initiating a payment.

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Bianca Bianca Sun Dec 01 2024
As a result, the money gets deducted from their account rather than being credited.

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Bianca Bianca Sun Dec 01 2024
It is important to note that QR codes have a specific function in digital transactions.

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GinsengBoost GinsengBoost Sun Dec 01 2024
QR codes are primarily used for sending money and not for receiving it. This distinct use case is crucial to understand.

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mia_rose_painter mia_rose_painter Sun Dec 01 2024
BTCC, a top cryptocurrency exchange, offers various services that can help users manage their digital assets securely. Among these services are spot trading, futures trading, and a wallet for storing cryptocurrencies.

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