Now illiterate people are also talking about encryption as teachers. It is recommended to learn blockchain knowledge first.

USDT transfer lost $36,880: a painful lesson for novices!

In cryptocurrency trading, a small oversight can lead to huge losses. The following is a real experience of a friend, hoping to sound a warning bell for everyone.

The process of the transfer error

The friend planned to transfer $36,880 in USDT from KuCoin to the wallet address of his partner on OKX. The recipient clearly provided the ERC20 network address, and he thought everything was going according to plan.

But during the setup process, he accidentally selected the Polygon network without confirming it. After the one-click transfer, the funds were deducted, but they did not reach the other party's account.

After many attempts, he realized the problem: the OKX wallet address does not support USDT deposits on the Polygon network, resulting in the inability to retrieve funds. This also reflects the serious consequences of operational errors in cryptocurrency transactions.

Key to the problem

Network mismatch: The target address requires the ERC20 network, but the actual transfer chooses the Polygon network.
Irreversible: Cryptocurrency transfers are not like traditional bank remittances. Once the operation is completed, the error cannot be undone.

How to avoid similar mistakes?

Here are some practical suggestions:
Check all information: Before sending funds, carefully check the receiving address and the network used, and don't neglect any word or character.
Ensure network compatibility: Make sure that the network supported by the target address is the same as the transfer network.
Test small transfers: Before making large transactions, try to send a small amount of funds first to ensure that there is no error before continuing.
Stay vigilant: Avoid operating too quickly, any negligence may lead to irreparable losses.

This mistake is a profound lesson. The world of cryptocurrency is full of opportunities, but risks are everywhere. Every transfer should be carefully checked to ensure that your funds do not become "gone forever" in vain!

Brothers, pay attention to it, 1000 fans start broadcasting, online analysis of market conditions