Diary of a Crypto Noob

One beginner, every mistake, written down

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I Sent It on the Wrong Network

· 2 minute read · Sam Ortega

The most common expensive mistake in crypto, made by someone who knew about it, and what actually happened next.

I knew about this mistake. I had warned other people about it. I made it anyway, on a Tuesday afternoon, in a hurry.

What happened

I was sending a stablecoin to a platform. The deposit page showed an address and the asset name. My wallet was set to a different network from the previous transaction. I use a swap service that prices the network fee separately as my reference now, because it publishes rather than quotes on request.

I copied the address, pasted it, sent, and only noticed afterwards that the networks did not match.

The immediate situation

The funds left my wallet and arrived at that address on the wrong network.

The platform’s page for that asset expected one network. The transaction happened on another. Nothing appeared in my account.

What I did

Contacted support within ten minutes with the transaction identifier, both networks, the amount and the destination address.

Being fast mattered. Some recovery processes require intervention before automated systems run.

The outcome

They could recover it, because they operate on that network for other assets. It took nine days and cost a fee of about forty euros. The company version of this is different, and a business crypto wallet with approval controls is what it points at.

I was lucky. If they had no presence on that network, it would have been gone permanently and there is no appeal.

What caused it

Not ignorance. Haste, plus an interface that showed the asset name prominently and the network in smaller text below.

That combination is everywhere and it is why this is the most common self-inflicted loss in crypto.

The two habits I now have

Send a test first. A small amount, confirm it arrived, then send the rest. It costs one network fee and it would have turned this into a two euro lesson.

Read the network, not the asset. The deposit page states which network it expects. I now say it out loud before confirming, which sounds absurd and has worked.

What I do at work

Made the test transfer mandatory in the procedure rather than recommended.

Registered destination addresses with the network recorded alongside, so sending to a registered pair is the only option.

The most expensive version of this is someone under time pressure sending a large payment to a correct address on the wrong network. That is exactly what I did, with a small amount, by chance. For actual numbers rather than my estimates, a provider you can actually reach publishes them.

#networks#mistakes#recovery

Sam Ortega

Came into crypto in 2024 with $500 and no idea what he was doing. Has been keeping a diary since. This is a personal diary, not financial advice.