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All you need to do is provide correct information about your card and prove that you own it. Thereafter, a card will be linked to your profile for a quick access for further deposits and withdrawals. If you are the owner of Bitcoins and would like to sell some to make a profit then MyBTCtoCash is the most convenient way to realize your intentions is to use an online Bitcoin exchange with decent reputation.
This simple converter uses actual exchange rates based on the Bitcoin last price. Sell Bitcoin. How it Works. Our Expert will Review and Give Approval Your Account details will be reviewed by our experts and approve your account on the basis of the details provided by you on registration process once verification of your documents will be processed successfully.
Then the name and the similar looking logo that complicates the correlation even more. However the address for both the cryptocurrencies look the same. This is why when you search for a Bitcoin address using block explorer it gives you 2 results asking you to choose the appropriate blockchain. Hence why they both share the same address format. Not only its seen with Bitcoin cash but is common for coins that are created through a fork of the Bitcoin blockchain.
Not only their addresses are same in structure but the keys to the addresses are also same for both the coins. What It means is that if you own the private key of a Bitcoin address then you also control coins to the same address on the Bitcoin cash blockchain. This is why some exchanges like for example: Binance provide you with the same deposit address for both Bitcoin and Bitcoin cash.
Is it really possible for one to accidentally send to the wrong address. Bitcoin currently supports three different address formats. If you send Bitcoin to any other address formats apart from these three types then your wallet client will reject the transaction with incorrect address error message. Also you cannot send Bitcoin to other networks like for example to Ethereum, Litecoin or Dash addresses directly. The address formats of these coins are totally different.
So if someone does this by mistake then what happens? Since both these coins operate on two separate blockchains; Bitcoins sent to an address on the Bitcoin cash blockchain will never appear on Bitcoin cash blockchain.
Likewise Bitcoin cash sent to an address on Bitcoin blockchain will never appear on Bitcoin blockchain. Only way one can transfer is by exchanging them. Without the conversion the coins will not leave the respective blockchains. Now if you send 1 BTC from abcd to efgh then the transaction will go through and this is how the change look.
Now the person who has the private key for the address efgh in Bitcoin cash also owns the coins on Bitcoin blockchain. It is because they both refer to the same keys. If someone accidentally sends their coins to an address for which they do not own private keys then the coins are basically lost.
Bitcoin is owned by those who have control to the private keys. Also due to anonymous nature of the wallet addresses it is not possible for one to contact the address owners. The CashAddr address format looks like this:. You can use this converter to convert old style legacy address or CashAddr format or vice versa. However as we said the old BCH legacy address are still in use by some exchanges and third party wallet operators.
For example: Binance, Coinbase, Blockchain wallet etc. These service providers hold the private keys of your deposit address.