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To all crypto newcomers, pay VERY close attention to withdrawal and deposit addresses....

To all crypto newcomers, pay VERY close attention to withdrawal and deposit addresses....

All Cryptocurrencies

by COINS NEWS 52 Views

If you are transferring crypto from your wallet to exchange, or vise-versa, always triple check that the deposit address and withdrawal addresses are correct before you hit send. Also, get in the habit of clearing your clipboard of saved addresses.

I recall a post a few years ago where a redditor lost a large sum of crypto because somehow there was an extra letter or number in the deposit address he was sending it to.

Furthermore, there is phone-specific clipboard malware that can sit in idle on your phone, wait until you copy a deposit address, and then paste theirs instead of yours so that when you send the funds, you're actually funding the scammers wallet instead of yours...

I know this sentiment has bounced around this sub for quite a while, but seeing the huge influx of newcomers, I really want to make sure that nobody gets screwed over by something that's extremely easy to overlook.

submitted by /u/clodhopper88
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