Sending wrong coin / token to Binance:Īnother mistake users make is depositing a coin or token which has been delisted by the exchange. If the target exchange is asking for Memo or Tag then include that required information before withdrawing. So make sure to enter the address as well as the Memo/Tag which are required for specific coin deposits. Your deposit will not be credited if you use an incorrect one or fail to include this information. Summary of incorrect deposits and withdrawals Missing / wrong Memo, Tag or Payment ID:įor BEP 2 network (BNB) and for coins like XRP and XLM you need to include the Memo, Tag or the Payment ID shown on the deposit screen.
#Should i send my coinbase coins to my wallet how to
Before we see how to avoid sending wrong coins or recovering incorrect transfers let’s first understand the different types of scenarios where users go wrong. This post is all about incorrect deposits and withdrawals. Here in this beginners guide we’ll explain how to avoid sending coins / tokens to the incorrect chain and how to recover them. To avoid confusion we’ve already made a post explaining the difference between BEP 20 and ERC 20. By mistake they choose the wrong network type when depositing or withdrawing tokens. Since Ethereum’s ERC20 and Binance Smart Chain’s BEP20 follow the same address generation algorithm many users tend to commit mistakes when transferring coins. Other than operating on a two separate blockchains the two token standards ERC 20 and BEP 20 share many similarities on how they operate. BEP-20 is exclusive to Binance Smart Chain and ERC-20 is exclusive to Ethereum. ERC-20 and BEP-20 – Two different token standards that each belong on a different blockchain. What’s more puzzling the beginners is the BEP-20 and ERC-20 networks. Even a seasoned crypto user might get confused about choosing the correct network for their transaction. Each network represents different blockchain. Whether you are making a deposit to your Binance account or withdrawing from Binance you might have noticed the different transfer network options available for each coins. What should I do and will it show up in my account once Binance lists them back? How do I recover crypto that I transferred choosing the wrong network type? These are some common questions that we often hear from newbies. I accidentally sent wrong coins to my binance address, can I get them back? I’ve deposited an unlisted / delisted token to my ETH address.
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