General
5 questions
Can a confirmed crypto deposit be reversed?
Generally, confirmed blockchain transactions cannot simply be reversed like card payments. Any correction usually requires the recipient or exchange to send a separate transaction.
Does receiving crypto on an exchange create a taxable event?
A transfer between wallets you control is often treated differently from selling or exchanging crypto. However, tax rules vary by country, so users should check local requirements.
Can an exchange change my deposit address without notifying me?
Yes. Exchanges may update wallet infrastructure or generate new addresses. This is why users should obtain deposit details from the exchange before each important transfer.
Is a crypto deposit visible to other people on the blockchain?
Blockchain transactions are generally publicly viewable, including addresses, amounts, and transaction records. However, the blockchain itself does not necessarily reveal the real-world identity behind an address.
Should I keep records after my deposit arrives?
Yes. Keeping the TxID, amount, date, network, and receiving address can help with accounting, tax reporting, transaction disputes, or future support requests.