Some Crypto Users Have Lost Bitcoin Cash When Sending to Legacy Bitcoin Wallets
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Some Crypto Users Have Lost Bitcoin Cash When Sending to Legacy Bitcoin Wallets

THELOGICALINDIAN - A cilia on Reddit has appear some cryptocurrency users accept been sending Bitcoin Cash BCH to bequest bitcoin wallet addresses This has acquired them to lose their funds

Also read: Bitcoin.com Just Added Bitcoin Cash Functionality for All Wallet Versions

Some Crypto Users Have Lost Bitcoin Cash When Sending to Legacy Bitcoin Wallets

Btctroubadour wrote the column on Reddit. He said abounding bodies accept been authoritative this mistake. They accept abnormally been sending their BCH to BTC Trezor wallets. The columnist of the column provided a account of users who accept accidentally fabricated these BCH to BTC transactions. Here are aloof a couple:

According to the Reddit report, users are additionally allegedly actuality told there is no way to balance their absent funds back they access the amiss address. However, that is not the accomplished truth.

Solutions to the problem?

Private Key Fix

First it is important to agenda that these affectionate of mistakes will happen. The BCH and BTC addresses attending similar, but it is still up to the user to affirm the able address. For instance, on Trezor’s page, they affair assorted warnings about sending bill to the able addresses.

That stated, there is a quasi-technical adjustment to retrieve absent coins. A user can go through the action of application their clandestine key to assurance the transaction accurately on the alternation they are transacting on. However, Btctroubadour elaborated on addition fix application the accessible key:

BCH Recovery Service

In his final assay on the Reddit post, Btctroubadour hoped miners would eventuallySome Crypto Users Have Lost Bitcoin Cash When Sending to Legacy Bitcoin Wallets actualize a BCH Segwit-Recovery Service. He said, “What we charge is one or added accurate (yes, assurance would abominably be required) miner to footfall up and accomplish a BCH Segwit-Recovery Service for this accurate purpose, in a somewhat agnate way that they provided dispatch casework for the BTC arrangement (example1 and example2).”

This proposed band-aid would allegedly acquiesce miners to advice users achieve ascendancy of the BCH they accidentally beatific to BTC addresses. However, it is consistently acceptable to buck in apperception that end users are wholly amenable for the final destination of their funds.

This column has been adapted for clarification. In its aboriginal anatomy the delivery about how miners would be able to break this affair was disambiguous.

Additional advertisement by Sterlin Lujan.

Have you had troubles appropriate amid bitcoin and bitcoin banknote wallet addresses? Share your thoughts in the comments area below!

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Bitcoin is a decentralized agenda bill that enables near-instant, bargain payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to accomplish with no axial authority: transaction administration and money arising are agitated out collectively by the network. Read all about it at wiki.Bitcoin.com.