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There are always newcomers in the cryptocurrency circle who don’t know how to deposit and withdraw coins, and they transfer to the wrong network, resulting in the loss of virtual currency.
We know that there are many currencies and chains in the cryptocurrency world, such as Bitcoin (BRC20), ETH (ERC20), TRX (TRC20), BNB (BSC)...
They all have their own networks (chains). To put it bluntly, these currencies are equivalent to different banks. CCB can only transfer to CCB, but CCB cannot transfer to ICBC.
TRC20 to ERC20 transfer is not possible. You use TRC20 to transfer to my ERC20 address, but after you transfer the coins, my ERC20 address cannot receive them. TRC20 can only transfer TRC20.
Once you transfer to the wrong chain, the virtual currency cannot be retrieved in general. This is basic knowledge in the cryptocurrency circle.#ContentMining
Under what circumstances can a “wrong transfer” be retrieved?
1. Exchange to exchange.
This is the best solution.
For example, if you transfer from a certain exchange to a certain exchange and transfer to the wrong network, you should first check on the chain to find out which exchange the coin has been transferred to. Generally, it will be the exchange that received the coin. It doesn’t matter if you don’t know how to check, just contact the customer service of the exchange directly.
Professional personnel will connect with you and contact you by email. You will need to submit the information as required. It will take a few days to retrieve your coins. You will need to recharge the GAS fee to the exchange in advance. For example, if you transfer the coins on TRC20 to the ERC20 network, you will need several hundred ETH as GAS fee.
The fee is not low. If the amount of mis-transferred coins is less than a few hundred, just don’t accept it to avoid the trouble.
If you transfer your coins to another exchange by mistake, you will need to contact the other party, and let them connect with customer service. Of course, you have to take the initiative to bear the GAS fee, after all, it was caused by your mistake.
If the other party does not cooperate, you can contact the customer service of the other party's exchange to file a complaint, or call the police to resolve the issue. If the issue can be resolved through negotiation, then you must negotiate, and don't force it. If the other party does not respond, then calling the police to file a complaint is time-consuming and laborious.
The exchange generally cannot transfer to the wrong network. When you enter the receiving address, it will automatically match the network, making it easier for users to find address network errors. Even if you don’t find it, the exchange will remind you when you click Confirm whether you have entered an error...
2. Wallet to wallet.
Whether you can recover the lost coins depends on two situations: 1. You transfer the coins to your own wallet. 2. You transfer the coins to someone else's wallet.
The first method is to transfer it to your own wallet and you can get it back.
For example, you mistakenly transferred the coins from a BSC wallet to your ETH (ERC20) address.
You just need to export the private key or mnemonic phrase of the ERC20 wallet and copy it to the BSC wallet, then open it to find the lost virtual currency.
The second method is to transfer someone else’s wallet, which requires the cooperation of others to retrieve it.
As long as someone is willing to give you the wallet's private key or mnemonic phrase, you can recover your coins.
People you know and trust will cooperate with you to find coins, but strangers generally won’t. After all, others are afraid that you will transfer the coins in their wallet.
If you mistakenly transfer your coins to the wallet address of some black and gray project parties, forget it, because others will definitely not give you the private key and mnemonic phrase.
In the cryptocurrency world, private keys are more important than bank card passwords. Even if someone has your card password, they may not be able to transfer the money in your card. They also need the card, SMS verification, and facial recognition, but with a private key, they can transfer assets directly.
If you transfer the coins to someone else by mistake, cooperation of both parties is required to recover the coins. As long as one party disagrees, neither you nor the other party will get the lost coins.
3. Transfer from exchange to wallet.
This requires you to check on the chain where the coins have been transferred to. If they are still in the exchange, then congratulations, you can retrieve them through the exchange customer service.
If the money is transferred to a stranger's wallet, and the stranger is unwilling to cooperate and refuses to give you the private key and mnemonic phrase, then I'm sorry, just accept it.
At this point, it is useless to contact the exchange’s customer service. As long as you successfully transfer out, the assets cannot be returned, and the blockchain is irreversible.
Anyone who tells you that you can recover your lost assets without the cooperation of the other party is lying to you. There is also a so-called "blockchain rollback" scam in the cryptocurrency circle. The scammers say that as long as you transfer coins, they can help you recover the stolen and lost assets. In fact, they are just trying to cheat you out of your coins.
"Blockchain rollback" seriously violates the basic function of blockchain, "immutability"!
4. Transfer from wallet to exchange.
A friend once transferred his wallet to an exchange and chose the wrong network, and it seemed that he transferred DAI coins to the ETH chain. At that time, the wallet was successfully transferred, but the exchange account did not receive the funds.
Upon checking, the coins were already in the exchange. My friend immediately contacted the exchange customer service and after several days of negotiations, he finally got the coins back, but he also lost a lot of GAS fees.
The exchange will help you find coins, and will ask you to recharge the on-chain tokens to the exchange as GAS fees. The staff will ask for your receiving address and then transfer it back to you. It is okay to transfer to yourself, but it is very troublesome to transfer to others. Therefore, we must check the receiving address and network before transferring!
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