WRONG CRYPTO AMOUNT: CHECK THE AMOUNT BEFORE YOU CONFIRM
Crypto transactions can involve several numbers: the asset amount, network fee and sometimes a fiat-value estimate. A mistake in the amount can result in sending substantially more or less than intended.
THE CORE PRINCIPLE
VERIFY THE ASSET, AMOUNT AND FEE BEFORE SIGNING OR CONFIRMING.
01 · CHECK THE ASSET
Make sure you are sending the intended token or coin. Similar names and symbols can cause confusion.
02 · CHECK THE DECIMAL AMOUNT
Read the amount carefully before confirming. Pay attention to decimal points and the units displayed by the wallet.
03 · CHECK THE NETWORK FEE
Understand the displayed network fee and make sure you know whether it is separate from the amount being sent.
04 · REVIEW THE FINAL TRANSACTION
Do not rely only on the amount entered earlier. Review the final confirmation screen before signing or approving.
05 · BE CAREFUL WITH PRESSURE
If someone is rushing you to approve a transaction, stop and verify the recipient, asset, amount and purpose.
EXAMPLE
You intend to send a small amount but the final wallet screen displays a much larger value. Do not approve simply because the request came from a familiar contact. Stop and investigate the discrepancy.
WHAT TO DO
- Confirm the asset.
- Confirm the amount and decimals.
- Confirm the destination.
- Review the fee.
- Read the final confirmation screen.
WHY THIS MATTERS
A transaction that is confirmed on-chain may not be reversible through ordinary customer support.
