If you withdraw Litecoin to a valid address owned by another person, the transaction is irreversible and non-refundable. However, if the address provided is invalid, the transaction will be automatically canceled, and the funds will be returned to your balance.
Direct Litecoin Withdrawals
- Valid Address (Incorrect Owner): If you enter a valid address that you do not control, the funds cannot be recovered or refunded once sent.
- Invalid Address: If you enter an incorrectly formatted or invalid address, the transaction will fail automatically. In this case, the funds will be returned to your account balance.
Withdrawals via Stake or Stake.us
The same rules apply when withdrawing to a Stake account:
- Valid Username (Wrong Account): If you enter a valid Stake username belonging to someone else, the transaction cannot be reversed and is non-refundable.
- Invalid Username: If you enter a username that does not exist, the transaction will fail, and the funds will be returned to your account balance.
Recommendation: Always double-check your wallet address or Stake username before confirming a withdrawal, as cryptocurrency transactions are permanent once they reach a valid destination.