Coinbase Launches New Feature for Recovering Assets Sent to BNB Chain and Polygon
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Coinbase, a leading crypto exchange, has introduced a new feature allowing users to recover assets mistakenly sent to the platform’s unsupported blockchains, such as BNB Chain and Polygon. According to the announcement on Feb. 27, users looking to reclaim their lost assets only need to provide a transaction ID and the inbound Coinbase wallet address, facilitating recovery.
Historically, recovering assets sent to unsupported blockchains has been challenging, largely because access to the necessary private keys is restricted to ensure security. Coinbase’s new system addresses this issue, offering a solution for users who have inadvertently transferred assets to the wrong blockchain. For amounts under $100, Coinbase is waiving the recovery fee, while a 5% commission applies to larger sums.
