What happens if you send Bitcoins to an invalid address?

Janice Bazile asked, updated on December 6th, 2020; Topic: bitcoin
👁 372 👍 12 ★★★★☆4.7

If you sent the BTC to a valid but unowned address, the BTC would go there and be lost. ... If you tried to send bitcoins to an invalid address, your transaction will not be valid and will not be processed by the network. Hence no bitcoin will have moved. All syntax-valid Bitcoin addresses exist already.

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By the way, how do I trade Bitcoins?

Steps to trading bitcoin

  • Learn what moves bitcoin's price.
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    Not to mention, how do you sell bitcoins on Blockchain?

    Can you send BTC from Robinhood?

    You can currently trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Unfortunately, Robinhood doesn't let you manage your wallet addresses. It means that you can't send or receive tokens from another wallet. You have to convert to fiat currency first.

    2 Related Questions Answered

    Can I transfer Bitcoin to Bitcoin address?

    Because both BTC and BCH can sometimes share a similar address format (Legacy address format), it is possible to accidentally send a Bitcoin Cash (BCH) transaction to a Bitcoin (BTC) address, but the funds will only exist on the BCH blockchain.

    Is it good to buy Bitcoin on Robinhood?

    If you only want to deal with USD, Robinhood will serve you well. But if you want to fund your account with bitcoin or perhaps buy bitcoin and move it to your privately controlled wallet or to another trading platform, Coinbase Pro will be a better option.