Bitcoin recovery scams – Bitcoin transactions are irreversible

One of the best things about BTC is that it’s decentralized, allowing two people to exchange value without the need for a third party, like a bank, to arbitrate the transactions. Because of this, transactions are much faster, more secure, and sometimes don’t require fees. That’s what makes BTC so revolutionary.

To keep track of all the transactions that go on, the network maintains a ledger—kind of like a bank’s ledger that records payments sent to and from the accounts within the bank. Bitcoin’s ledger is called the blockchain. A single BTC is basically a spot on the ledger and someone owning a BTC means that they own access to that spot. This ownership is essentially your Bitcoin address.

If you send BTC to someone, you’re essentially transferring ownership of that spot. In that case, the recipient will then be the only one who can access that spot. Once the ownership address is changed, it’s impossible to undo. This means that if you make a mistake and send funds to the wrong account, the only thing you can do is try to contact the recipient and request a new transaction.

So if you ever fall victim to cryptocurrency scams and you’re thinking of using a Bitcoin recovery service, know that there’s no guarantee that you’ll get your money back. When you’re scammed, the best thing to do is to cut your lossesreport the incident to the authorities, and be more vigilant instead of spending even more money on Bitcoin recovery services.

Source: Paxful


Recovery Scams – Weiterer Schaden statt Geld zurück !

Recovery Scams – Weiterer Schaden statt Geld zurück ! von Watchlist Internet Themen: Datenklau, Geldtransfer, E-Mail, Spam, Werbung, Bank, Vorschussbetrug, Anwalt, Scamming Wer Opfer einer betrügerischen Investitionsplattform wird, erleidet mitunter beträchtlichen finanziellen Schaden. Damit nicht genug, folgen wenig später…


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