Wrong network, wrong address: why crypto transfers deserve a second look
A correct-looking address isn’t enough. The asset, network, address and any memo all have to match before you confirm.
By Eli Hylands
· 1 min read
Blockchain transfers are generally irreversible. Sending crypto to the wrong address, or over a network the receiving wallet doesn’t support, can make it permanently inaccessible.
The network and the address are one instruction
Don’t judge an address by how it looks. Several networks use the same address style while keeping entirely separate balances and transaction histories.
The receiving wallet has to explicitly support the selected asset on the selected network. A correct-looking address doesn’t override a network mismatch.
“If anything doesn’t match exactly, stop before you confirm.”
Memos and destination tags
Some hosted wallets use a shared address and identify your account with a memo, tag or payment ID. Leave it out or change it, and the provider may not be able to credit your deposit automatically. Copy every field the receiving wallet gives you.
If a transfer goes wrong
Don’t send a second transfer to test the route. Save the transaction hash, exact network, asset, address and time, then contact the operator of the receiving address and Flow support.
Recovery isn’t guaranteed. Ignore anyone who promises it or asks for your seed phrase.
This article is general information only and is not financial advice. Crypto-assets can be volatile, and blockchain transfers are generally irreversible.
Eli Hylands
Eli is the founder of Flow Crypto and editor of Flow News, covering crypto for New Zealanders.
