How to recover ERC20 tokens sent to Ethereum address as BEP20? (2024)

FAQs

How do I recover ERC20 tokens sent to the wrong address? ›

Due to the irreversible nature of cryptocurrency protocols, transactions can't be cancelled or reversed once initiated. If you sent funds to the wrong address, you'll need to contact the receiving party and ask for their cooperation in returning the funds.

If you send BEP-20 tokens to an unsupported wallet by mistake, you can recover the assets by adding a smart chain network to that wallet or deposit the BEP-20 tokens to a different wallet that is compatible with BNB Smart Chain. *Keeping your private keys and seed phrases safe is of paramount importance.

If you want to trade your ERC-20 tokens on a decentralized exchange such as PancakeSwap, you need to wrap them on Binance Bridge to convert them into BEP-20 assets (Binance Smart Chain token standard), It can then be used on Binance Smart Chain.

If you have accidentally withdrawn ERC20 tokens as BEP20 token to your Ethereum wallet address, you will be able to recover them by connecting the receiving wallet to BNB Smart Chain (BSC) and send the BEP20 tokens back into Binance then withdraw them as ERC20. How do I add an ERC20 token to Trust Wallet?

To recover funds, customers must provide their Ethereum transaction identification for the lost assets and the contract address of the lost asset. The recovery tool only works for select ERC-20 tokens sent into Coinbase.

You can now send and receive ERC20 tokens. Get started by sending your ERC20 tokens to the Ethereum account of your choice. The token accounts will only appear after the token transaction has been confirmed on the Ethereum blockchain.

Install the Eth recovery app on your Ledger device

Navigate to My Ledger and install the Eth recovery app. Close Ledger Live. On your Ledger device, navigate to the Eth recovery app and press both buttons simultaneously to open it. Your Ledger device displays This is a recovery tool.

The easiest way to do this is by sending a 0 ETH transaction to your own address with the same nonce and a higher gas price. This will cancel out your first transaction.

Both ERC20 and BEP20 have the same deposit address, as BEP20 is a fork (aka a copy of the code) of ERC20. However, it is important to take a look at the networks that are supported by the platform you're withdrawing to.

Can you recover BEP20 from Coinbase? ›

How do I recover those funds? We will will unfortunately be unable to recover BEP20 tokens sent to a Coinbase Ethereum address. BEP20 tokens have a similar address format as Ethereum and share the same properties of the ERC-20 standard, however, they are not the same.

If you mistakenly send tokens to a wrong address, or send them using the wrong network, the tokens will not be recoverable and will effectively be lost. This is because blockchain transactions are designed to be irreversible.

That means you can use the Binance Smart Chain (BEP token) to transfer ERC20 tokens at a much faster speed and at a very low cost. Not only ERC-20, but many other tokens, including Bitcoin, Ether, Litecoin, and USDT can be transferred using BEP-20.

You can convert BEP20 to ERC20 using several different methods. - The most popular method is to use cryptocurrency exchanges that offer this type of conversion. - Another option is to use the Binance Smart Chain Bridge. - A bridge is a tool that allows you to transfer assets from one blockchain to another.

BEP-20 is a token standard on BNB Smart Chain (BSC) that extends ERC-20, the most common Ethereum token standard. You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage.

What if I sent tokens to a contract address? Unfortunately, there is no guarantee anyone can retrieve your tokens if you sent them to a contract address. A contract address is not a repository of tokens; it is essentially a computer program, a set of code, that performs some function on the blockchain.

BEP-2 is a blockchain created by Binance specifically for their customers to send assets more quickly. Any deposits sent via the Binance Chain into a Coinbase account will not be credited and your funds will be lost.

Note: Coinbase does not have the ability to retrieve funds that are lost due to being sent or received using an incorrect network.

Can I send USDT ERC20 to ETH address? No, You'll loose your cryptocurrency if you do that.

Is ERC20 address same as Ethereum address? ›

Because Ethereum and ERC20 tokens are all stored on the Ethereum blockchain, they are stored at the same address. This Ethereum address always starts with 0x. For more information on how to receive funds in your Exodus wallet, visit: How do I receive Bitcoin and other crypto in Exodus?

Although your Ledger device can secure most Ethereum ERC20 tokens, not all ERC20 tokens are supported by the Ledger Live app. Non-supported ERC20 token deposits will not show in Ledger Live and will not create a transaction record in the Latest operations section in Ledger Live.

No, tokens sent to an incorrect address cannot be recovered or reimbursed by Loopring. Successful transactions on the Ethereum L1 blockchain or Loopring L2 are irreversible.

Cryptocurrency transactions on the Bitcoin and Ethereum networks are, by design, irreversible. This means you cannot reverse or cancel a completed transaction for any reason.

Once your ethereum or any other digital currency has been stolen, it can be quite difficult for you to recover it. In theory, it is possible to track your stolen ethereum or crypto assets by monitoring the blockchain.

Since Ethereum transactions have to be processed sequentially, users can get completely stuck. In other words, the longest-running transaction has to be processed before any more recent transaction from that wallet has a chance to be processed.

If your transaction is stuck on 'pending,' you can manually resubmit that transaction to the Ethereum network. When you do so, you're effectively replacing your previously submitted transaction with a new transaction. For your new transaction, you're free to change the transaction details however you'd like.

Dropped Transactions

Transactions that have failed to be confirmed. This could happen because the transaction failed certain validation tests, the nonce was incorrect, the submitted gas price was too low and it timed out, or a number of other errors.

If you haven't noticed already, your BEP-20 tokens' receive address actually has the same format as ETH address and starts with “0x…”, so make sure you state clearly to your sender which token you want to receive, and which network you want to receive.

Technical Differences Between BEP20 Tokens and ERC20 Tokens

The primary difference between both chains is in gas fees. When you make a transaction using an ERC20 token, you pay gas fees in Ethereum. But, if you're transacting with a BEP20 token, your gas fees are paid in BNB.

Is BEP20 based on Ethereum? ›

BEP20 is the Binance Smart Chain equivalent to the popular ERC20 specification for tokens on the Ethereum network. The difference is the BEP20 Token isn't run on the Ethereum Network, but the Binance Smart Chain network.

Buy ERC20 with Coinbase Wallet

ERC20 can be traded using Coinbase Wallet, your key to the world of crypto. ERC20 is only available through Coinbase Wallet.

View the BEP20 tokens

If you already have a Binance Smart Chain account with BEP20 tokens, you can view your tokens in Ledger Live. On the Accounts page, click on Show tokens under the Binance Smart Chain account that holds the tokens.

Some scammers offer so-called recovery services to people who have lost money to fraud. If you've lost money in crypto, scammers might try to convince you they can get your money back. (Spoiler alert: they can't.)

No. Once confirmed, transactions in crypto are permanent. They can't be canceled, altered, or reversed. No one can cancel or reverse transactions once they have been written to the blockchain; i.e., confirmed.

You can't cancel or reverse a completed crypto transaction, but you can always sell any crypto you've purchased. MoneyLion is a financial technology company, not a bank.

Transactions made using cryptocurrencies cannot be stopped or reversed once they have started because they are irreversible. You might need to get in touch with them and ask for a refund if you send the money to the wrong individual.

What if I sent tokens to a contract address? Unfortunately, there is no guarantee anyone can retrieve your tokens if you sent them to a contract address. A contract address is not a repository of tokens; it is essentially a computer program, a set of code, that performs some function on the blockchain.

How do you revoke an ERC20 token? ›

Bitcoin addresses have a checksum. If you mistype an address, you have a probability of 99.999999977% to end up with an address which is invalid because the checksum doesn't match.

TokenRecover allows the contract owner to recover any ERC20 token sent into the contract for error.

Cryptocurrency transactions on the Bitcoin and Ethereum networks are, by design, irreversible. This means you cannot reverse or cancel a completed transaction for any reason.

Due to the nature of digital currency protocols, transactions cannot be cancelled or altered once they are initiated. This is what allows merchants to accept digital currency without the risk of chargebacks.