Why is it important to check the address before sending?
I understand that when working with cryptocurrency, an error in the address can cause serious problems, so I now try to double-check everything. But I wonder what specific data is best compared before confirming a transaction? Is it enough to check the first and last characters of the address, or is it better to fully verify it with the recipient? I would like to develop a simple verification procedure that can be used every time before a transfer.
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Before sending cryptocurrency, the address should indeed be checked as carefully as possible. It's best not to retype it manually; instead, use a copy-paste or a QR code, if available. After pasting, the address should be visually verified against the original value and additionally verified with the selected network. A single match of the first few characters is not enough, as the error could be located mid-line. Before confirming, it's a good idea to double-check the amount, fee, and destination address. If the transfer is large, a small test transaction might be a reasonable additional step. This only takes a few minutes but helps reduce the likelihood of a technical error and maintain control over the transaction parameters.