How to get my money back from bitcoin

A Bitcoin transaction cannot be reversed, it can only be refunded by the person receiving the funds. Bitcoin can detect typos and usually won't let you send money.
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In the end, they have to work it out themselves; see about getting a lawyer, perhaps in some other jurisdiction. Figures on what is recoverable vary. Needless to say, Kuskowski and his team are not doing this only for the good of mankind — there are success fees levied on a case-by-case basis, he told CoinDesk, adding:. Similar to the likes of Chainalysis and Elliptic, it works with 50 or so exchanges and has built up a large database in this area. It should be pointed out that Kroll is not new to crypto: The firm worked with the U. If loss victims so choose, Kroll can potentially line up third-party litigation funding.

For this, they take about 30 percent of the recovered funds and return the rest to the victims. And no one recovers funds on their behalf without their permission.

Bitcoin price is volatile

Maybe, try various branches of law enforcement. Maybe try to find a way to connect with other victims so that the importance of your case is increased you would have to contract a knowledgeable programmer to attempt this. Apparently, there are services you can hire that specialize in this.

How it Works for Different Exchanges/Wallets

Some of them seem to imply they don't charge unless they are successful. You might want to spend some time browsing Google search results such as these. I know nothing about these. Obviously, be very careful since some of these may be tricky but legitimate or even fully fraudulent. Some of these may be cynically built on the theory that someone who has fallen for a scam should be easy to scam a second time. But if you can find a service that looks good and you figure out some way to validate it as a trustworthy maybe get someone to help you with that , it might be worth trying out.

In my opinion these services are, theoretically, not necessarily fraudulent.


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How's that for a recommendation? All this is probably a lot of work and might even entail more money invested and probably low chance of success. But, given how ignorant most people are about Bitcoin and online scams in general, I wanted to weigh in. If you've got the time and the will, I think you deserve to be able to consider all your options.

Short of having law enforcement and the legal system whose jurisdiction the scammer s reside in compelling them to return the funds, you are out of luck. Bitcoin transactions are irreversible. Once they have the coins in addresses for which you do not own the keys, there is nothing you can do to recover them.

Your only option may be to treat this as an expensive lesson. If it is too good to be true, it probably is. Your best bet is to report to the proper authorities.

Contrary to popular belief, Bitcoin transactions are in fact traceable. There is a slight chance that the scammer s proceed to make a mistake and withdraw the BTC you transferred in a way that sheds a light on their identity. If you know at least one BTC address of the scammer than analytical tracing can start.

What Are the Advantages of Paying With Bitcoin?

Another post is flagged as related to this one: Looking for someone to help me recover stolen BTC There are addresses listed with the message that they belong to the scammer. The first one belongs to the exchange Luno. I'm too lazy to type the other addresses from the picture but I assume you'll find similar situations.

In most cases it's not so easy but in case the scammer cashed out there then the exchange might know the id or bank account data of the scammer.

How to claim a refund from a BitPay merchant refund email – BitPay Support

Or at least a withdrawal address of the scammer. You need law enforcement support to get client data from an exchange. Sign up to join this community.

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Securing your wallet

Active 4 months ago. Viewed 21k times. Can anyone help me? This has made me really frustrated as I invested all my savings. Sam Weinberg Sam Weinberg 1 1 gold badge 6 6 silver badges 14 14 bronze badges.

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Also see bitcoincharts. From what I have heard, Payza is now doing bitcoin, not sure how the service is, but may be worth mentioning. Dorsi-Todaro Dec 25 '14 at Is Coinbase reputable? There are an overwhelming number of repots of people claiming they stole their money. Also they require your bank account login password. Seems sketchy. Do any of those allow instant withdrawals to a bank account? Jan 31 at Show 1 more comment. Jorge Stolfi Jorge Stolfi 51 1 1 silver badge 1 1 bronze badge.

YoMismo YoMismo 3 3 silver badges 6 6 bronze badges. Could you expand this? So I need to go in front of ATM with a mobile wallet and send btc to an address and then take the cash? I haven't used the service, but it surely be as simple as reaching an ATM, you will be presented with a QR code or the address where you need to send the bitcoins, and as soon as the transaction is confirmed the ATM will give you your money. How long will it take for the transaction to be confirmed is something I don't know, ATM may take the risk and won't make you wait or you may have to wait some time for the transaction to be confirmed.

You will need to check that with the ATM. There are a couple of ways to sell bitcoins for fiat currency like USD, Euro,etc Directly trade with someone who wants to buy bitcoins using currency. I've always been a fan of LocalBitcoins. ElRey ElRey 4 4 bronze badges. I use this way myself, it's easy as well as secure.

Vrushank Vrushank 1. Why add an extra transaction layer? Topic starter did not ask for PayPal specifically Pay Pal may be one of the easier ways, but I wouldn't ever recommend it with bitcoin or any crypto currency. The Overflow Blog. Mint: A new language designed for building single page applications. Featured on Meta.