#BTCNextMove
*$36,880 USDT Lost: A Hard Lesson in Crypto Transfers 💔*
Crypto beginners, take note: a small mistake can lead to significant financial loss. Today, a friend learned this the hard way when a simple USDT transfer went wrong, costing $36,880. This serves as a stern reminder for everyone in the crypto space—attention to detail is non-negotiable. ⚠️
*The Costly Error 🚨*
The plan was straightforward: transfer $36,880 in USDT from a KuCoin wallet to a partner's OKX wallet using the ERC20 network. However, during the process, he accidentally selected the Polygon network instead of ERC20. The transfer was confirmed, and the funds left his wallet—but never reached the recipient. Since OKX does not accept USDT deposits on the Polygon network, the funds are now irretrievable. 💔
*Key Lessons 📚*
1. *Network Incompatibility:* The recipient's wallet required ERC20, but the sender mistakenly used the Polygon network.
2. *Irreversible Transactions:* Unlike traditional banking, crypto transfers are final and cannot be undone if an error occurs.
*How to Avoid Similar Losses 🛡️*
1. *Double-check Wallet Details:* Always verify the recipient's wallet address and specified network before confirming a transaction.
2. *Ensure Network Compatibility:* Make sure both sending and receiving wallets are compatible with the chosen blockchain network.
3. *Conduct a Test Transfer:* For large amounts, send a small test payment first to confirm everything is set up correctly.
