Is the Bitcoin transaction reversible?

[Potuse]

I read through an article online that a bitcoin transaction could be reversed and that is a big fallacy because a transaction that is done in Bitcoin can never be reversed . This is why you need to check the destination wallet address critically before implementing the transaction.

 

[Emmy]

Bitcoin transaction is not reversible. You need to check the recipient address very well before you send any coin. My knowledge so far have taught me that Bitcoin can never be reversible as I have heard from many individuals from different countries.

 

[Nomad]

Not just bitcoin but all crypto transactions are irreversible. Unless, the receiver, willingly returns your bitcoin or crypto in general, once you transfer bitcoin it will be gone forever. This is one of the biggest shortcomings of Bitcoin and cryptocurrency in general.

 

[Heatman]

I read through an article online that a bitcoin transaction could be reversed and that is a big fallacy because a transaction that is done in Bitcoin can never be reversed . This is why you need to check the destination wallet address critically before implementing the transaction.

The article which you read is a hoax. There's nothing like being able to have any bitcoin transaction to be reversed. Once it's sent, it's gone. You can't cancel it even when the network confirmations isn't complete. Once the process starts, there's no going back.