Using Bitcoin

Card 135

Using Bitcoin
Card 135
Topic 11 · Using Bitcoin · Explorer

What should you check particularly carefully before sending bitcoin to another person?

Card answer

Correct answer

Answer D: Whether the recipient's address and the amount are correct.

Quick explanation

Bitcoin transactions cannot simply be reversed. Checking the address and amount before confirming can help you avoid mistakes that could cause you to lose money.

Detailed explanation

An outgoing payment should be signed only after checking the recipient, on-chain or Lightning route, complete address or invoice, amount and fee. With a hardware wallet or external signer, the outputs and amounts actually shown on its independent display are authoritative.

For on-chain payments, check the fee rate as well as the total fee. Wallets may show priorities such as slow, normal or fast, or a confirmation target. These are estimates. The right choice depends on urgency, current mempool conditions, virtual transaction size and personal cost considerations.

An unusually high total fee should be questioned before approval. A very low rate can cause a long unconfirmed wait. Fees can be substantial relative to small payments. A provider's withdrawal fee is not automatically the actual Bitcoin network fee.

Lightning uses different fee and routing mechanisms; on-chain fee rules must not be transferred unchanged. Software can confirm an address's syntactic validity but not that it belongs to the intended recipient. If uncertain, stop before signing and check through a second trusted channel.

Example or everyday application

A wallet offers low, medium and high estimated fee rates for an on-chain payment. The user checks urgency, current network conditions, total fee, fee rate, recipient and amount. They choose deliberately without treating next-block confirmation as guaranteed.

Key takeaway

Before signing, check recipient, amount, total fee and fee rate.

Sources used

Primary source · EN · Beginner-friendly

Securing your wallet

HTTPS: YESChecked: 21.09.2026REACHABLE
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Supplementary source · EN · Technical source

Bitcoin Core - External signer and address display

HTTPS: YESChecked: 19.09.2026REACHABLE

This source is mainly intended for developers. The relevant information may therefore be harder to find.

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