DESCRIPTION: In this article you will find out how to avoid using incorrect crypto address
POSSIBLE REASON: "The provided address is invalid" or "Invalid crypto address" error usually occurs when you're trying to make a cryptocurrency transaction, and the address you've entered for the recipient is not correctly formatted or doesn't correspond to a valid address for that specific cryptocurrency. Cryptocurrency addresses are specific and must adhere to the correct format for each cryptocurrency. Each cryptocurrency has a specific address format. If you're trying to send a different cryptocurrency to an address meant for another, it will result in an invalid address error.
RESOLUTION STEPS:
1) To avoid this error, ensure that you double-check the address you're entering.
2) Use the correct address format for the specific cryptocurrency, and verify the recipient's information.
3) Please note that even within one cryptocurrency, there could be different address formats and some wallets choose to support only old or only new formats. For example, the beginning character in a Bitcoin address depends on the type of address (P2PKH, P2SH, or Bech32). If you take the address from Deriv deposit page and your crypto wallet shows you the error "invalid address", it means that they do not support the type of addresses that our crypto cashier supports.
4) In this case, you can choose to use a different crypto wallet or alternative crypto coin.
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