Advantages Of Using PEAKD To Transfer Hive To Avoid Mistakes

Good day guys, as we all know, Hive is more than just a social media platform, it’s also our personal bank where we can save our money and invest. Remember, it’s decentralized so you are responsible for your account. Any mistake you make on Hive, you will be accountable for it. So it’s best you try your best to be extremely careful with what you do with your account.

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As much as we know that Hive is not a get rich quick scheme, it’s a platform that gives you the opportunity to acquire wealth over time with patience and hard work, it’s best you stay careful when transacting. Imagine spending time on the blockchain and contributing to the blockchain, then you get rewarded for your contributions on the blockchain and jeopardize that by not being careful. That’s really sad, that’s a complete waste of time effort and resources. When dealing with transactions, every letter or figure matters, because the moment you make a mistake, then prepare to lose your funds.

Ever since I have been making transactions on Hive I try my best to be very careful, so careful that my 7 months on Hive, I have never made a mistake. But one can never be too careful. I try to make sure am in the calmest state of mind before making any transaction on Hive, I don’t try to be under pressure or busy at all. This is the reason I do my transactions in the morning when I wake up or in the night when am done with everything I was supposed to do for the day.

So having a calm mind is one way to ensure you don’t make mistakes because that state keeps you rational mentally. Yesterday a friend @machioflagos called me that she wanted to make a withdrawal to a Binance account but she needs my help. Well, I was extremely busy when she called but she sounded like she needed the money urgently. I don’t transact when am busy because there are higher chances that I will make mistakes but I decided to go ahead.

I wish I told her to wait till after I was less busy.

I have taught her how to trade her HBD to Hive on the open market, which she did correctly. Then it was time to send the Hive to a Binance account. I sent her the details which is the address and the memo. Personally when sending, I don’t manually input the address and memo because I know that making mistakes when typing are higher so I do copy and paste. Even after copying and pasting, I still check properly and make sure that I got every letter and figure correctly.

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I got a call from @machioflagos showing me the above image. The caution sign warned that something was wrong and it should be checked properly. Kudos to the @peakd team for such feature. She was worried and asked me to look at the image properly and make sure it was correct, but busy me couldn’t settle down to read it and understand, I assumed that if she did the copy and paste of what I sent her, then they shouldn’t be any problem. Unfortunately she typed “deepcryto8” instead of “deepcrypto8” and I didn’t see it early enough. With my assumption I told her to send it that way, which she did.

Hive is very fast in transaction so I was surprised that in 30 minutes I haven’t received the Hive in my Binance wallet. I decided to cross check what she sent and found she missed a “p” in the transaction details. I felt so sad for her because she was cautious of the sign but unfortunately I was too busy to look at it twice.

I learnt a trick from one of @onealfa’s comment where he talked about sending funds to the wrong Hive account, creating a Hive account with the name and claiming the funds. So I tried creating a new account with the name deepcryto8 so I can claim the money for her, but unfortunately someone has already created the account. This person has been getting free money from people’s mistake for a long time.

My advice is that you should use @peakd more often when transferring Hive or HBD so you get warnings like this. I will like to thank the @theterminal for trying to help and giving me words of encouragement. They suggested I make this post to create more awareness. Thanks a lot for what you do.

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23 comments
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I learnt my lesson. Now I will be extra Careful. Thank you for always coming through for me 🙏🙏

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I am so sorry for your loss.
You will need to be extra careful when making transaction in crypto as it is irreversible.

You are awesome to have such a great attitude.

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Excellent advice here. Always check, double check, and triple check transactions!
Also, I always make sure when exchanging Hive or other currencies that the amount I am receiving is correct. Sometimes one decimal place can be the difference between $100 and $0.02!

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I am actually impressed with the features Peakd is offering.
Good job guys.

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Gosh, that sucks! I checked the account, that's good money for no effort, djeez. How can someone sleep when they just take that money and ignore the comments that have asked politely to give it back. Oh well, guess not everyone is decent enough :(

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Really sad. I felt so disappointed, it doesn’t cost you anything to send it back.

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People think that Hive is a get Rich quick but they don't know you have to work for your money before you start reaping what you hustle for

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Thanks for the heads up. Although I am always very careful and have never made a mistake in my usage of various exchanges, doesn't mean I won't make one in the future. This information will help me prevent such an ugly outcome from happening.

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Sorry.. But I laughed at the point of you cross checking what you copied and pasted.. Lol.
You must be Igbo or Ijebu.

BTW, its sad that the transferred funded a wrong account, but like you said, a calm mind is pivotal when making such transaction.

I m hopeful that someday things like this could be easier for beginners to easily learn.
Not like its hard now tho.

I m curious tho, having transferred to Binance, do you then run it through P2P?

I ve actually no had a cause to do that yet.

Hodddddl😘

Posted Using LeoFinance Beta

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Please I need an advice brother....

I sent 12.471 hive to @deepcrypto8 and it reflected in its wallet but, fortunately I didn't receive it on my binance wallet for over 24hrs

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The pictures above are proofs of payment. What do think I can do about it...

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You sent it to deepcryto8

Instead of deepcrypto8
You missed a “p” in the spelling. I’m sorry the money is gone. Always copy and paste, don’t try to type because your phone or pc can do a grammatical change and that will cost you. You can lose your money when you make the slightest mistake.

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