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starwill

Keep in mind when paying with cryptocurrencies.

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Keep in mind when paying with cryptocurrencies.
When paying with cryptocurrencies you must take into account that there are differences in payment between paying with cryptocurrency and those traditional methods to which we are accustomed.
The moment we are paying with a cryptocurrency we must keep in mind that we have the same legal protections. When we make a payment with our credit and debit cards, we know that if something goes wrong we will have legal protection, since the company of our cards help us in the process of recovering our money. And unlike cryptocurrencies, purchases are irreversible, since if we have a problem with the purchase we will not be able to recover our money, only if the seller returns your money. That is why it is essential that before making the purchase we must see the reputation and take into account the address of the seller and find out how you can contact him if there is a problem.

There is no refund or rebate in the cryptocurrency payments. Once funds go to the wrong address, there is no way to get back our funds. Nowadays, hackers have also developed dangerous malware which are able to change address from the clipboard so it is extremely important to check destination address again and again before making any cryptocurrency related transactions. 

 


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You are right my brother that is one of the things that made crypto transaction a delicate one because once the transaction is executed it can't be reverse unlike the normal mode of payment

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On 7/17/2020 at 9:54 PM, starwill said:

Keep in mind when paying with cryptocurrencies.
When paying with cryptocurrencies you must take into account that there are differences in payment between paying with cryptocurrency and those traditional methods to which we are accustomed.
The moment we are paying with a cryptocurrency we must keep in mind that we have the same legal protections. When we make a payment with our credit and debit cards, we know that if something goes wrong we will have legal protection, since the company of our cards help us in the process of recovering our money. And unlike cryptocurrencies, purchases are irreversible, since if we have a problem with the purchase we will not be able to recover our money, only if the seller returns your money. That is why it is essential that before making the purchase we must see the reputation and take into account the address of the seller and find out how you can contact him if there is a problem.

There is no refund or rebate in the cryptocurrency payments. Once funds go to the wrong address, there is no way to get back our funds. Nowadays, hackers have also developed dangerous malware which are able to change address from the clipboard so it is extremely important to check destination address again and again before making any cryptocurrency related transactions. 

 

Will keep it in mind

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