What happens to Bitcoin Cash sent to Bitcoin Segwit Addresses? Howto recover & avoid making it worse

Keep all your crypto safe & upgrade to a Ledger Nano X Hardware Wallet if you prefer a 100% Open Source wallet, a Trezor One is also a great value wallet video looks at what happens if you accidentally sent Bitcoin Cash to a Bitcoin P2SH segwit address. I look at what your options are to recover as well as some important things to know to avoid making it totally unrecoverable. Basically there a are a few important steps that you need to do to make sure that a miner doesn't simply steal the funds in the mean time...

Topcis:

00:00 Intro

01:15 Test Transactions

02:33 Common Characteristics of Miners Sweeping

03:07 Summary of the profitability for miners

04:28 Miners simply using BCH features

05:32 What to do if you send BCH to segwit

06:26 Process for possible recovery

07:58 Reasons why this is still an issue

Links:

Segwit Recovery Spec from BCH Github: some hashpower from nicehash if you want to try a DIY recovery: Wallet documentation: those who want to look a bit deeper, see the transaction block 2 on the BTC and BCH networks here. You can see the BCH getting swept shortly after the 1st outbound TX on the Bitcoin chain, sometimes within a single block...Suggesting that some of these BCH miners are monitoring the BTC mempool, not just the BTC blockchain...

BCH: those who want to look a lot deeper, check out the following transactions:

4ff19ef8326e4ab20d42d11cf48cfe34ba999ba50dcaa7aee1d4f72619e8d0c5

6eaac424ed8091ea9fb78c404086c25ab5080e0c5fd4e6aaf904969d6a2251ef

61eccccdee25d1d2197dafb16219e28d9f08a3caac2cdf13a62b5277e15c4f6d

8d69c7dcde8d81848b5dbed156a209094962782e7dcafd1ea5661799125baad1

ce1dc2130cc2adf7042b06c8cac5a3b944ede70a3bce97cd34e71c43deb77ed8

7fd455d9e6ba849e1e656de7d42aa6bc0d734bd012f61f7eac4917636cfac251

57d2bdefd07734f42084e827a069c188179795f483b01e454d0920bfd9e82917

665c733244564ced89f5b5d558c0985f4f62805f2f39d4532702464970395fb92

6cba4bf8251a825004bb25a99450c50730f994c2de2e3138eb81d79b17ab290e

5b773543cd9cdc2134dda0e97ab2eda85ac62b74a02fbfd1fbf9456cc91cc86e

2cbb276a14961c984275c3c89ea95c1ac672ea397106bd594bde062bdbc955be

f7d2b071eda374e0f00a65fe8432bf70d4ca9a1f44fcd9ee8905414da8ab35ca

d1dc5b9a8937af798feb01bf1c95826e0fe9f584d3f3b462675015ebd22754a1

4f56ccbfb8621efad56472fa3ab9799aee3cccc7c22f2f69e1df902ee7d792c9

73dd528cdd4a45c0c6c9cf775b384470266a414148b40d5201a567c5013b5fdf

7d7650577313493ea95d9703ba836490a382880d9e8dde773ad93e07a7725069

3311539ebe14a4419f950cc695c243b07873877ffd7d606462a52511bf8b1696

3311539ebe14a4419f950cc695c243b07873877ffd7d606462a52511bf8b1696

e5fc348d3ce8d6d5456fec9028362d71e8fd5428c225c52c29122c8cc9974be7

a71954ee2fd244718d939c1a4f9a62867f82fcdbf3195ca6671c727aef5d5a0b

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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.

For your first purchase, just stick with CoinBase: Trading, just start with Binance: sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)

Don't have a hardware wallet?

Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)

Get a Ledger: you are just starting out, I would just recommend a Ledger Nano S)

If this was helpful, feel free to send me a tip:

BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi

BCH: qr9qenlgjh0xlyz802h70ul69rpdj8z6qyuh7m79ah

LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6

ETH: 0x14b2E26021d0Ce8E2cE6a2Eb6E2690714bB18E17

VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n

ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7

#bitcoin #btc #bch #cash #cryptocurrency #crypto #security #recovery

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