Experience is the best teacher

16-12-2021
Thursday
9:00 pm WAT
#75

Today I made a terrible mistake, but I know it is an experience which I would make sure it doesn't repeat itself ever again. I've been selling my BTC and BCH to Fiat money, not today. And I've never had any issue with it.

Lead image source

I make use of Remitano every time I want to sell it. It is a very good and reliable app to sell and swap your cryptocurrency. I've been using Remitano for over four months but today, I felt like a novice on the app.

Normally whenever I want to deposit the Cryptocurrency, I'll choose the Cryptocurrency which I want to sell. Most times, it is either Bitcoin or BitcoinCash. And I've never made any mistake since I started using the app.

But today, I needed some cash and so I decided to sell some BCH to cash. As usual, I went to Remitano, copied the depositing address and I sent $12 to the address.

On a normal day, the BCH I sent will reflect on the Remitano wallet immediately. I waited for a while, thinking it was probably a network issue. I waited for over thirty 30 minutes, and by then I knew something was wrong somewhere.

I went to my bitcoin.com wallet and checked the transaction status and it says confirmed. Then I knew the fault isn't on the bitcoin.com wallet but on Remitano. So I took to their email and sent them a complaint

Below was the message I sent to them

Good afternoon. I tried sending some BCH which is worth $12 to remitano wallet. For over an hour now It hasn't reflected on the app. I checked the transaction status on my bitcoin.com wallet app and it says the transaction is confirmed. I need to sell the BCH as I need the money urgently. Please respond to this ASAP.

Remitano's reply

Hello Abiodun, Your deposit was not detected in the BCH network. You sent it to the wrong address, therefore your BCH is pending and hasn't been reflected yet on Remitano wallet.

It was at this moment I knew I fucked up. How would I make such a terrible mistake? Instead of copying the BCH address, I copied that of BTC. Which means I sent the BCH to a BTC address. A terrible headache attacked me immediately I saw remitano's reply to my email.

My $12 was now looking at me face to face but I couldn't withdraw it. Because it was showing under Vietnamese Dong (VND), Something I haven't even heard before in my life.

There were two reasons behind the mistake I made. One was because I was in haste. After all, it wasn't my first time, I knew every step already.

The second reason is that I deal with two similar cryptocurrencies on Remitano. I deposit both Bitcoin and BitcoinCash, so I had forgotten to change the crypto I want to deposit to BCH. I just sent it to the first depositing wallet I saw, which was that of BTC.

We all lose sometimes, that is what I know is surely inevitable. And also, every mistake is a lesson. I've had an experience today and I'm sure I would never make the same mistake again. Henceforth I'll always make sure I check the address I want to deposit in.

I hope people learn from my story because this particular mistake can be done by anyone into cryptocurrency. It's not necessarily on the Remitano app. It can be made on any crypto wallet.

Make sure you check the address you want to send to, so you won't lose your money.

There is no refund for you, once you've made the mistake your money is gone just like mine today.

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Thanks for reading 🙏❤️. Merry Christmas and Happy new year in advance.