By Yozshuzil - 05.02.2020
Sent bitcoin to bitcoin cash address
tovar-id.ru › › Solution home › Transfer › Exchange. In the Bitcoin and Bitcoin Cash networks, addresses looks the same as well. This is common for the coins that forked from the main network, such as BTC-BCH.
Before you start
Now this is no longer an issue as Bitcoin cash changed their address format to CashAddr that looks different from sent bitcoin to bitcoin cash address Bitcoin address. However there are still some exchanges and third party wallet services that uses the old style Legacy address format which tend to confuse new users.
So is it possible for one to accidentally send Bitcoin to Bitcoin digitex login address or vice versa? What happens to sent bitcoin to bitcoin cash address coins?
Bitcoin Cash (BCH)
sent bitcoin to bitcoin cash address Are they lost forever or can it be recovered? Sent bitcoin to bitcoin cash address and Bitcoin cash — The confusion Is it the name? Is it the logo being identical or is it because they both share the same sent bitcoin to bitcoin cash address format?
Then the name and the similar looking logo that complicates the correlation even more. However the address for both the cryptocurrencies look the same. Okay, but why do they both use the same address format?
Hence why they both share the same address format. Not only its seen with Bitcoin cash but is common for coins that are created through a fork of the Bitcoin blockchain.
Not only their addresses are same in structure but the keys to the addresses are also same for both the coins.
What It means is that if you own the private key of a Bitcoin address then you also control coins to the same address on the Bitcoin cash source. This is why some exchanges like for example: Binance provide you with the same deposit address for both Sent bitcoin to bitcoin cash address and Bitcoin cash.
Is it really possible for one to accidentally send to the wrong address. Sending Bitcoin to Bitcoin cash address?
Bitcoin Cash (BCH) Wallet
Bitcoin currently supports three different address formats. If you send Bitcoin to any other address formats apart from these three sent bitcoin to bitcoin cash address then your wallet client will reject the transaction with incorrect address error message.
Also you cannot send Bitcoin to other networks like for example to Ethereum, Litecoin or Dash addresses directly. The address formats of these coins are totally different.
So if someone does this by mistake then what happens? Since both these coins operate on two separate blockchains; Bitcoins sent to an address on the Bitcoin cash blockchain will never appear on Bitcoin cash sent bitcoin to bitcoin cash address. Likewise Bitcoin cash sent to an address on Bitcoin blockchain will never sent bitcoin to bitcoin cash address on Bitcoin blockchain.
Only way one can transfer is by exchanging them. Without the conversion the coins will not leave the respective blockchains. Now the person who sent bitcoin to bitcoin cash address the private key for the address efgh sent bitcoin to bitcoin cash address Bitcoin cash also owns the coins on Bitcoin blockchain.
It is because they both refer to the same keys. If someone accidentally sends their coins to an address for which they do not own private keys then the coins are basically lost.
sent bitcoin to bitcoin cash address Bitcoin is owned by those who have control to the private keys. Also due to anonymous nature of the learn more here addresses it is not possible for one to contact the address owners.
Bitcoin cash — Change in address format In an effort to alleviate the confusion between sent bitcoin to bitcoin cash address two currencies; Sent bitcoin to https://tovar-id.ru/address/satoshi-nakamoto-btc-wallet-address.html cash address cash BCH developers changed their address format to CashAddr CashAddress.
The CashAddr address format looks like this: qzstp4swtxg40rkn0jrta3vkwyx4jj5fmdl2vtm You can use this converter to convert old style legacy address or CashAddr format or vice versa.
What is Bitcoin Cash (BCH)?
However as we said the old BCH legacy address are still in use by some exchanges and third party wallet operators. For example: Binance, Coinbase, Blockchain wallet etc.How to Send \u0026 Receive Bitcoin with Cash App
These service providers hold the private keys of your deposit address. So even if by mistake you transfer the wrong coin they will be able to recover it as they sent bitcoin to bitcoin cash address the private keys. However they are less likely to help you with this issue. This is why sent bitcoin to bitcoin cash address href="https://tovar-id.ru/address/youtube-cardano-ada.html">youtube cardano ada place this message below your deposit address: Send only BTC to this deposit address.
Sending coin or token other than BTC to this address may result in loss of your deposit.
What happens if you send Bitcoin to Bitcoin cash address or vice versa?
So as a general rule, when you are sending Bitcoin or Bitcoin cash or basically any altcoins. Always double check the address and make sure you are sending the right coin.
Hope it helps. Tags coinguides Follow on Twitter August 12, 0
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