At HedgerX Exchange, deposit addresses may change due to blockchain upgrades or system adjustments. If funds are deposited into an expired or invalid address, they will not be credited automatically and are usually irretrievable. Therefore, before making a deposit, always verify the validity of your deposit address to avoid potential losses.
Why Do Addresses Expire?
1.Blockchain Protocol Upgrades – Some networks update address structures, causing old addresses to become invalid.
2.Exchange System Updates – HedgerX Exchange may periodically change deposit addresses for security or operational reasons.
3.Address Expiry Period – Some addresses may have a time limit and become unusable after expiration.
Can Funds Deposited to an Expired Address Be Recovered?
Typically, no.
Due to the irreversible nature of blockchain transactions, HedgerX Exchangecannot guarantee fund retrieval if a deposit is made to an invalid address. If you fail to verify your deposit address before making a transaction, you will bear the responsibility for any losses.
How to Prevent Asset Loss?
1. Verify the Deposit Address Before Every Transaction
•Always check the latest deposit address in your HedgerX Exchange Account > Assets > Deposit page.
•Do not use old addresses.
2. Confirm Network Compatibility
•Ensure the selected blockchain network matches the one displayed on the deposit page (e.g., ERC-20, BEP-20).
3. Check Transaction Details Before Sending
•Carefully review the deposit address, network, and token type to prevent incorrect transfers.
Frequently Asked Questions (FAQ)
1. What if I mistakenly deposit to an expired address?
•Since blockchain transactions are irreversible, HedgerX Exchange cannot recover the funds. Always verify the deposit address before making a transaction.
2. Does HedgerX Exchange offer asset recovery services?
•No. Funds sent to an incorrect or expired address cannot be recovered, and HedgerX Exchange does not provide retrieval services.
3. How can I confirm my deposit address is valid?
•Go to HedgerX Exchange Account > Assets > Deposit and obtain the current valid address. Cross-check it with your wallet address before initiating a deposit.