If you have ever accidentally sent your cryptos to the wrong wallet address, you will know that feeling of your stomach lurching. That is because moving cryptocurrencies between addresses is an irreversible process. That means that unlike credit card or eWallet payments where you have a recourse for mistaken payments, with crypto payments once you have made the transaction, they can neither be reversed nor cancelled. The only real recourse you have is to contact the person you sent the mistaken payments to and ask them to return it minus the two-way transaction fees. Ouch.
Even if you could contact the wallet or exchange and inform them of the mistake, experience tells us that you will undergo a painful process of trying to speak to an actual real human. Exchanges and wallets which are mostly unregulated are notoriously opaque, and it is often hard and frustrating to get in touch with support staff.
Exchanges taking a bite
Exchanges taking a bit include those like HitBTC, where mista
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