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How to return digital currency sent to the wrong address

wrong address

Learning how to recover the currency password sent to the wrong network

The world of cryptocurrencies is a completely new one, and it requires some basic knowledge in the field of buying and selling or transferring assets from exchanges to wallets and vice versa. In the world of cryptocurrencies, we are constantly dealing with things that are similar to each other, or with just a small mistake such as entering a wrong number or clicking on the wrong address, assets may be transferred to the wrong place. Many people lose a lot of their assets through these mistakes.

Most mistakes usually happen when transferring currency and choosing an address. For example, you may have an address on the Tron network to transfer a currency, but you choose another network when sending. In this case, your cryptocurrency will be lost and you will not be able to see your currencies in the account you created in your wallet. In this case, you need to take action to return the currency sent to the wrong address. Here, you may have several questions. Is it possible to recover lost currency? Where should I go to recover cryptocurrency? You may also be looking for a tutorial on how to recover lost currencies. In this article, we will try to address this issue and accompany you on this path.

 

Why has the digital currency not entered the wallet?

In general, there are two reasons why you cannot see your currencies in your wallet:

  • The first reason is the mistake in the selected network and the lack of coordination between the selected network at the origin and the designated network at the destination.
  • The second reason is transfering to another personal address.

Next, we will examine each of the reasons to see if it is possible to recover the sent currencies or not.

Is it possible to return the lost currency?

Yes, it is possible to recover lost cryptocurrency, but it depends on how the cryptocurrency was lost. If your cryptocurrency was lost due to selecting the wrong network, there is a 90% chance that your cryptocurrency can be traced and recovered. To find lost cryptocurrency, you should first start tracking from the source where the cryptocurrency was sent and check the details of your transaction. You can follow your cryptocurrency in any blockchain it has been transferred to and see where it is located. Then, try to create that address on your wallet. Of course, this process is not as simple as it sounds and requires experience in this field.

Where should I go to recover lost digital currencies?

There are two ways for you to recover lost cryptocurrency, both of which lead to the Ledger Nano and Ledger Service teams. First, you can entrust the management of this project to the Ledger Service team to help you find your cryptocurrency, and the second way is to receive training on how to recover cryptocurrency sent to the wrong network from us and follow up on it yourself. You may not be able to easily entrust us with this task, although we will report the details of the work to you at all stages. So there is no need to worry, and you will start recovering lost currencies by joining the Ledger Nano team.

What are the reasons for the loss of digital currencies?

In the following list, you can see some of the reasons why you may have lost your cryptocurrency. If you have lost your cryptocurrency for any of the following reasons, you can contact us to help you find it:

  • Sending cryptocurrency to the wrong network or address.
  • Problems with deposits and withdrawals on exchanges.
  • Problems with displaying assets or problems with various wallets such as Trust Wallet, Atomic, Exodus, etc., and hardware wallets.
  • Problems with installing and setting up wallets and not depositing assets.
  • Various problems include different networks of a currency and not being supported by the exchange.
  • Guide to high-fee transfers.
  • The problem of account blocking by foreign exchanges such as Binance.
  • Cryptocurrency is not being sent from one wallet to another.
  • And hundreds of other problems.

 

Returning the currency sent to another personal address

If you have sent your cryptocurrency to someone else, it is not possible to recover it. This is because there is no identity verification on wallets, and it is not known who received the cryptocurrency sent to another person’s address or when it was received.

 

What should be done to prevent wrong currency transfers?

In general, there is no unique way to avoid making mistakes, but the best way to transfer currencies is to check the network first and instead of copying and pasting the addresses, use the method of scanning QR codes. Do not enter the wrong address by mistake. If scanning is not possible and you have to copy and paste the destination address, always match the address manually. The reason for this is that there is malware that changes the address during copy-pasting and leads to stealing your property.

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