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#1 2023-01-27 16:28:42

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

what happens if CRP is lost

as well know that CRP crypton is the native coin of UTOPIA p2p and this ecosystem is decentralized meaning CRP Crypton is also decentralized and also supports anonymity but i want to understand if a transaction goes south how can one recover their funds since CRP crypton is decentralized and supports anonymity.

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#2 2023-01-27 16:50:49

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,168

Re: what happens if CRP is lost

Well not only only is in particular to CRP Crypton, it’s generally not easy to get back your lost coin when you have made the mistake already, so it’s not so unusual if you ask me. That’s why we all need to be very careful.

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#3 2023-01-27 18:00:36

Dozie
Member
Registered: 2023-01-18
Posts: 658

Re: what happens if CRP is lost

Since CRP crypton is decentralized, I will like to know how to recover funds if the transaction goes south

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#4 2023-01-27 19:30:59

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,168

Re: what happens if CRP is lost

Dozie;3860 wrote:

Since CRP crypton is decentralized, I will like to know how to recover funds if the transaction goes south

I think that’s the same thing the Op wanted to find out about. But truth be told it won’t be easy finding it out except if you lose your funds to someone that centralized exchanges.

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#5 2023-01-27 19:46:52

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,772

Re: what happens if CRP is lost

Well if you have ever lost your currency in this way the first best thing to do is count your lost and definitely try to learn from your mistakes that’s very important for you to do.

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#6 2023-01-27 20:08:49

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: what happens if CRP is lost

thanks guys although i have not yet lost CRP Cypton on any transaction. i wonder if there is any way that a lost CRP can be recovered or is it permanently lost?

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#7 2023-01-27 21:08:52

Kelechi
Member
Registered: 2022-12-25
Posts: 2,027

Re: what happens if CRP is lost

PEACEMAKER;3887 wrote:

thanks guys although i have not yet lost CRP Cypton on any transaction. i wonder if there is any way that a lost CRP can be recovered or is it permanently lost?

Well congratulations that you haven't lost any funds yet like that so I urge you to be even more careful when you are trying to do your transactions.

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#8 2023-01-27 21:27:52

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

Well the truth is that when ever you lost your coin or give it to a scammer you chances of getting it back are very slim. Honestly you just have to find a way to deal with the loss.

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#9 2023-01-28 23:45:22

thrive
Member
Registered: 2023-01-04
Posts: 1,919

Re: what happens if CRP is lost

PEACEMAKER;3840 wrote:

as well know that CRP crypton is the native coin of UTOPIA p2p and this ecosystem is decentralized meaning CRP Crypton is also decentralized and also supports anonymity but i want to understand if a transaction goes south how can one recover their funds since CRP crypton is decentralized and supports anonymity.

The transaction of the Crypton coin is an instant transaction processing time, anonymous and there's no way you can get back the funds one sends. What you need is to know the avatar of the user you want to send the CRP coin to avoid sending the CRP coin to the wrong user.

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#10 2023-01-29 18:51:19

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,168

Re: what happens if CRP is lost

Well this topic about what can be done about lost CRP can only lead us to understanding more on better ways to safe guard our asset, this a very important topic that is mostly over looked.

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#11 2023-01-29 19:03:05

Lanistergame2
Member
Registered: 2022-12-25
Posts: 1,456

Re: what happens if CRP is lost

In crypto there is no way to get back lost funds. Scammers would usually try to scam their victims again some months after the initial scam, posing as a rescue agency which can recover the stolen funds at a fee.

Be very careful when making transactions and protecting your assets and backups to avoid losing your funds.

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#12 2023-01-29 19:30:02

full
Member
Registered: 2023-01-06
Posts: 979

Re: what happens if CRP is lost

thrive;4007 wrote:
PEACEMAKER;3840 wrote:

as well know that CRP crypton is the native coin of UTOPIA p2p and this ecosystem is decentralized meaning CRP Crypton is also decentralized and also supports anonymity but i want to understand if a transaction goes south how can one recover their funds since CRP crypton is decentralized and supports anonymity.

The transaction of the Crypton coin is an instant transaction processing time, anonymous and there's no way you can get back the funds one sends. What you need is to know the avatar of the user you want to send the CRP coin to avoid sending the CRP coin to the wrong user.

The forever loss of the Crypton coin that was sent to the wrong wallet address is applicable to all cryptocurrencies once the transaction is confirmed. It is better to always crosscheck the recipient's wallet address three times before making a transaction.

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#13 2023-01-29 19:34:53

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: what happens if CRP is lost

Well if you ever lost your CRP Crypton regardless of how the next human instinct would be to try to find a way to get it back but definitely it won’t be easy but I am not completely ruling out the possibility.

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#14 2023-01-29 19:39:29

Detroit
Member
Registered: 2022-12-27
Posts: 1,391

Re: what happens if CRP is lost

KingCRP;4097 wrote:

Well if you ever lost your CRP Crypton regardless of how the next human instinct would be to try to find a way to get it back but definitely it won’t be easy but I am not completely ruling out the possibility.

It's very possible.  Sometimes I get offended that you can't get it back but then I realize that if the opinion to get it back was there then the privacy and anonymity are gone. We can't have it all.

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#15 2023-01-29 19:54:25

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,772

Re: what happens if CRP is lost

Detroit;4102 wrote:
KingCRP;4097 wrote:

Well if you ever lost your CRP Crypton regardless of how the next human instinct would be to try to find a way to get it back but definitely it won’t be easy but I am not completely ruling out the possibility.

It's very possible.  Sometimes I get offended that you can't get it back but then I realize that if the opinion to get it back was there then the privacy and anonymity are gone. We can't have it all.

Well this right here is the danger side of Cryptocurrency and it’s the reason everyone has to be very cautious when on Cryptocurrency but I have heard of cases where people recovered their funds.

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#16 2023-01-29 20:33:32

Detroit
Member
Registered: 2022-12-27
Posts: 1,391

Re: what happens if CRP is lost

KAMSI_UG;4108 wrote:

Well this right here is the danger side of Cryptocurrency and it’s the reason everyone has to be very cautious when on Cryptocurrency but I have heard of cases where people recovered their funds.

This sound like a lie to me. How is that possible?
In the blockchain, transactions that once confirmed can not be reversed.  So if you said it's possible then everything about block chains are all lies.

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#17 2023-01-29 20:51:43

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

Detroit;4123 wrote:
KAMSI_UG;4108 wrote:

Well this right here is the danger side of Cryptocurrency and it’s the reason everyone has to be very cautious when on Cryptocurrency but I have heard of cases where people recovered their funds.

This sound like a lie to me. How is that possible?
In the blockchain, transactions that once confirmed can not be reversed.  So if you said it's possible then everything about block chains are all lies.

It's not a lie mate try to always verify, for example if you lose your funds to someone that normally make use if centralized exchange to get his cryptocurrency to fiat the. Through the details he dropped on the exchange he can actually be traced.

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#18 2023-01-29 21:09:26

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: what happens if CRP is lost

Yes @Jonsnowing I believe you are very correct, some people who has Stolen funds in cryptocurrency from a gullible users has be found but the chances of them getting caught is proportional to the amount that was stolen or lost.

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#19 2023-01-29 21:19:02

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: what happens if CRP is lost

Well I did not create this thread because of I have lost money using CRP Crypton or any other privacy coin but I just want to know what are the chances of anyone that loses money because the cryptocurrency market is very unique.

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#20 2023-01-30 17:47:03

Kelechi
Member
Registered: 2022-12-25
Posts: 2,027

Re: what happens if CRP is lost

Well if you CRP is lost the best way or the next best thing to do is learn from your mistakes, like literally it's hard to recover what you have lost due to carelessness in cryptocurrency.

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#21 2023-01-30 19:37:35

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: what happens if CRP is lost

Crypton Exchange is a Decentralized exchange right? I believe it is and that's a great thjng, but I don't know if it's possible to tag an account that faults in a peer 2 peer transactions commitment and the person be sanctioned.

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#22 2023-01-30 20:43:08

Detroit
Member
Registered: 2022-12-27
Posts: 1,391

Re: what happens if CRP is lost

PEACEMAKER;4198 wrote:

Crypton Exchange is a Decentralized exchange right? I believe it is and that's a great thjng, but I don't know if it's possible to tag an account that faults in a peer 2 peer transactions commitment and the person be sanctioned.

I think it's possible to tag someone who is at fault at Crypton exchange p2p. Also sanctioning this individual includes blocking their account. Crypton exchange is also decentralized.

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#23 2023-02-01 18:24:27

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,071

Re: what happens if CRP is lost

Detroit;4223 wrote:
PEACEMAKER;4198 wrote:

Crypton Exchange is a Decentralized exchange right? I believe it is and that's a great thjng, but I don't know if it's possible to tag an account that faults in a peer 2 peer transactions commitment and the person be sanctioned.

I think it's possible to tag someone who is at fault at Crypton exchange p2p. Also sanctioning this individual includes blocking their account. Crypton exchange is also decentralized.

Well what of in a case where tag gets abused? The main point is that we all understand the benefits and dangers of decentralization and decentralized p2p, you actually need to up your game in terms of security to be able not to lose funds.

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#24 2023-02-01 20:37:25

Dozie
Member
Registered: 2023-01-18
Posts: 658

Re: what happens if CRP is lost

Finally made my first transactions with CRP although I sent the coin to someone Crypton uWallet in as much as it's simple I believe with great cautiousness you should not be loosing your CRP Crypton.

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#25 2023-02-01 20:49:03

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: what happens if CRP is lost

Dozie;4341 wrote:

Finally made my first transactions with CRP although I sent the coin to someone Crypton uWallet in as much as it's simple I believe with great cautiousness you should not be loosing your CRP Crypton.

Congratulations mate you have not activated another level for yourself on the Utopia p2p ecosystem. I am sure you found it very easy to send the CRP Crypton to your desired uWallet address right?

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