Can Bitcoin transactions be reversed or refunded?

No, Bitcoin transactions cannot be reversed or refunded once they are confirmed. This is due to the decentralized nature of the Bitcoin network and its reliance on a public ledger called the blockchain. Once a transaction is included in a block and confirmed by the network, it becomes a permanent part of the blockchain.

Because there is no central authority controlling Bitcoin, users must rely on the recipient to voluntarily return the funds in case of an error. Therefore, it’s essential to double-check transaction details, such as the recipient’s address and the amount, before sending Bitcoin to avoid irreversible mistakes.