Due to the nature of the digital currency protocols, transactions are irreversible. There are no chargebacks or refunds possible due to the peer-to-peer nature of the decentralized networks that cryptocurrencies run on top of.
Users should therefore be careful to properly evaluate the risks of any transaction before sending funds over a network.
When you send cryptocurrency to a blockchain address, you must ensure that you enter the recipient’s address correctly and confirm the transfer after double-checking everything.
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