Crypto transactions are permanent and cannot be reversed once they’re confirmed. This is a key feature of blockchain technology, which powers most cryptocurrencies.

1. Blockchain is Unchangeable

Once a transaction is recorded on the blockchain (a public digital ledger), it cannot be changed or deleted. This is called immutability. It helps keep the network secure and prevents anyone from tampering with past transactions.

2. No Central Authority

Unlike banks, cryptocurrencies operate on decentralized networks with no single authority controlling the system. This means there is no bank or company that can reverse a transaction once it’s been processed.

3. Transactions are Final

When a crypto transaction is confirmed, it’s final. There are no chargebacks or cancellations like with credit card payments. This makes it important to double-check all details before sending funds, as they cannot be undone.

4. Transaction Validation

Each transaction goes through a validation process, and once it’s confirmed by the network, it is permanently added to the blockchain.

How to Protect Yourself?

• Double-check the wallet address before sending funds.
• Make sure that your chosen token is supported by the crypto wallet used for the transaction. 
• Verify the amount you’re sending.
• Be careful of scams and only send to trusted recipients.

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