How a Bitcoin Transaction Works
A Bitcoin transaction sends funds from one address to another by referencing previous transactions (UTXOs) and signing them with private keys. Once confirmed in a block, it becomes part of the public ledger.
What Can Go Wrong?
- Wrong address: Bitcoin is irreversible. Typos = permanent loss.
- Malware: Clipboard hijackers can silently replace recipient addresses.
- Fee miscalculations: Too low = stuck. Too high = overpaying.
- Broadcast failure: Weak internet or bugs may prevent confirmation.
How to Avoid Mistakes
Use copy/paste with verification, double-check addresses, use trusted wallets, and always test with small amounts first.
Security Tip
Consider using QR codes or address whitelists when dealing with large transactions or frequent transfers.
– €
