Blockchain transactions are permanent. Once your transfer is broadcast, SoFi cannot reverse or recover the funds. To help prevent errors, we provide a mandatory 10 second Undo window and automatic address validation to catch mistakes before they hit the network.
- Automatic Safeguards: The app validates that the address format matches the specific cryptocurrency you are sending and provides Heads up warnings before you finalize.
- 10-Second Safety Net: After tapping confirm, you have 10 seconds to tap Undo and stop the transfer.
- How to Avoid Mistakes: Use the QR scanner to capture addresses perfectly and always manually verify the first and last few characters after pasting.
Note: SoFi is not responsible for funds sent to an incorrect address. Always double-check your recipient before sending.