Cryptocurrency Q&A Can crypto be lost during transfer?

Can crypto be lost during transfer?

CryptoVisionary CryptoVisionary Wed Dec 04 2024 | 6 answers 1190
I'm concerned about the safety of cryptocurrency transfers. Is there a risk of losing crypto in the process of sending it from one wallet to another? Could it disappear or get stolen during the transaction? Can crypto be lost during transfer?

6 answers

Giuseppe Giuseppe Fri Dec 06 2024
Blockchain.com is unable to assist in recovering lost funds.

Was this helpful?

109
20
IncheonBeautyBloomingRadiance IncheonBeautyBloomingRadiance Fri Dec 06 2024
The decentralized nature of cryptocurrency networks plays a significant role in this limitation.

Was this helpful?

42
68
Silvia Silvia Thu Dec 05 2024
Cryptocurrencies such as Bitcoin operate on a decentralized ledger system.

Was this helpful?

267
95
Maria Maria Thu Dec 05 2024
Transactions conducted on these networks are irreversible.

Was this helpful?

195
87
Eleonora Eleonora Thu Dec 05 2024
Once funds are sent through a cryptocurrency transaction, they cannot be retrieved.

Was this helpful?

310
77
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts