Guide

How to Send Crypto Safely: Addresses, Fees and Mistakes to Avoid

How to Send Crypto Safely: Addresses, Fees and Mistakes to Avoid
Photo: N509FZ / CC BY-SA 4.0

Bottom line: it can't be undone, so verify

You send crypto to a recipient's wallet address (a long string). Unlike a bank transfer, a crypto transfer generally can't be reversed — so checking matters more than anything.

Three golden rules

① Verify the address (check the start and end after pasting). ② Match the network (chain). ③ Send a small test first for new recipients or large amounts.

How to Send Crypto Safely: Addresses, Fees and Mistakes to Avoid
Photo: O.sediqi93 / CC0

Basic steps

  1. Get the recipient's address (a QR code is safest)
  2. Choose the correct network
  3. Enter the amount (a fee/gas applies)
  4. Send a small test, then the full amount

Common mistakes

MistakeResultDefense
Wrong addressFunds lostPaste + verify visually / use QR
Wrong networkNot received / lostMatch send & receive chains
Clipboard malwareSent to attackerRe-check after pasting

Address-swapping malware exists

Some malware swaps a copied address for the attacker's. Always re-check the pasted address before sending.

Sources

  • Ethereum — transactions: https://ethereum.org/en/developers/docs/transactions/

Not financial advice

This article is for information only and is not investment advice. Crypto assets are volatile and carry risks including hacking. Do your own research and only use money you can afford to lose.

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This article is informational only and is not financial, investment, or trading advice. Prices are reference snapshots and may be outdated. Always do your own research.