How to recover VET sent using Binance Smart Chain (BSC) | VeChainInsider.com (2024)

How to recover VET sent using Binance Smart Chain (BSC) | VeChainInsider.com (1)

VET is the native coin of the VeChainThor blockchain. Recently Binance has opened a bridge that allows you to bridge your VET to the Binance Smart Chain, and use VET as a BEP-20 token on the BSC network.

While blockchain interoperability is a great thing that will help boost the adoption of the VeChain blockchain, it can be confusing to new users who have no clear understanding of how blockchains work, resulting in the user sending VET using the wrong blockchain.

Withdrawing VET on Binance

On Binance go to Wallet > Fiat and Spot and search for VET. Here you can select VET to withdraw and the following screen shows up.

How to recover VET sent using Binance Smart Chain (BSC) | VeChainInsider.com (2)

When withdrawing VeChain from Binance, you can select on which network to withdraw your VET.

Only use the BSC option if you want to use VeChain on the Binance Smart Chain and you are sure that your wallet supports BSC, when in doubt, always send a small transaction first to test things.

Unfortunately, not everyone is careful, resulting in people sending VET on BSC (BEP-20) to a VeChain wallet that does not support Binance Smart Chain (BSC). If this has happened to you, don’t worry, in this guide, we will help you to recover your VET!

Warning, never ever reply to private messages on social media of people offering you help. These are scammers that will steal all your coins. VeChain staff and support team will never ever contact you in private. Stay safe, you will be targeted

Recover VET (BEP-20) that has been sent to a VeChain wallet.

If you sent VET using the Binance chain network to your VeChain wallet, your coins will not arrive, since the VeChain wallet only supports the VeChain blockchain. Take the following steps to recover your VET and get access to them, or watch the video tutorial:

Step 1: Download Trust Wallet

Download Trust Wallet (https://trustwallet.com), a popular crypto wallet used by over 25 million people, we will need it in the next steps. It is available for iOS as well as Android.

How to recover VET sent using Binance Smart Chain (BSC) | VeChainInsider.com (3)

Once downloaded, open the app and go to the next step

Step 2: Import your VeChain address

When you created your VeChain wallet, it asked you to create a backup phrase, we will need these twelve words, often called a mnemonic phrase, in this step.

In Trust Wallet click on I already have a wallet> accept the user license and set a passcode to protect your Trust Wallet.

How to recover VET sent using Binance Smart Chain (BSC) | VeChainInsider.com (4)

On Import select Smart Chainand import your 12 words, you should get a “your wallet was successfully imported” message.

Step 3: Add Wrapped VET (BEP-20) to your wallet

Now your wallet is import, on the top right of your screen click on the settings button and from here select “Add Custom Token”.

Add the following token details to Trust Wallet:

Contract Address: 0x6FDcdfef7c496407cCb0cEC90f9C5Aaa1Cc8D888
Name: VeChain
Symbol: VET
Decimals: 18

You can confirm this is the official VET contract on BSC by visiting coinmarketcap (https://coinmarketcap.com/currencies/vechain)

Step 4: Done

If done correctly, you should now have access to your VET tokens again, using Trust Wallet, you can send them back to Binance if you want. When transferring your BEP-20 VET back, make sure you select BNB Smart Chain (BEP20) as the network

It is best to move your VET back to Binance so it gets converted into regular VET, because when you hold BEP-20 VET you will not generate VTHO!

How to recover VET sent using Binance Smart Chain (BSC) | VeChainInsider.com (2024)

FAQs

How do I recover my lost VeChain? ›

On your Ledger device, navigate to the VeChain Recovery app and press both buttons simultaneously to open the app. Your Ledger device displays: This is a recovery tool. Back to Sync, select Ledger. Name your device then click Import.

How to recover my BEP20 token from non BSC compatible wallets? ›

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.

How do I recover my BEP20 transaction? ›

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 recover BEP20 tokens sent to the wrong address? ›

To recover your tokens in this situation, you will need to import your wallet's private key into a new wallet that supports both blockchains. Depending on the importing wallet, you may also be able to use your seed phrase instead of your private key.

How do I reverse a Binance transaction? ›

Can you reverse a payment transaction? Sorry, you cannot reverse a Binance Pay transaction. Please check the payment details carefully before you confirm payment.

Can lost crypto be recovered? ›

There is no way to recover bitcoin that is truly lost. Some mistaken transactions have been refunded, but only when the counterparty personally knows the sender, which is infrequent. If a private key is lost, then bitcoin belonging to that key is unspendable.

How do you recover a 12 word phrase in blockchain? ›

Mobile App
  1. Log in to your Wallet.
  2. Tap the Menu icon.
  3. Select Settings.
  4. Tap Backup Phrase in the Security section.
  5. Tap View Recovery Phrase.
  6. Write down your 12-word recovery phrase exactly as it appears and in the proper order. ...
  7. Confirm your phrase by entering the random selection of three recovery phrase words.
Dec 7, 2022

How long do VeChain transactions take? ›

Which cryptocurrencies have the fastest average transaction speeds?
Market Cap RankCryptocurrencyAverage Transaction Speed
12Monero30 minutes
13Dash15 minutes
14NEM30 seconds
15VeChain Thor6 minutes
11 more rows
May 23, 2018

How do I recover my BNB 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.

Can I get back tokens I accidentally sent to a token contract? ›

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 I recover a token not listed on Binance? ›

You can use the search function to find the asset you want to retrieve. Please note that you can only apply for coins/tokens that are listed on Binance. If you can't find the coin/token you deposited, please retrieve it via self-service recovery instead. Please fill in the sender's address next to “from” or “sender”.

How to recover crypto transferred to the wrong network on trust wallet? ›

You have mistakenly sent tokens to a wallet that does not support the network on which the tokens were sent. In this case, you need to import your wallet private key into a new wallet that supports both networks. Depending on the wallet you are importing, you can also use a seed phrase instead of a private key.

How do I recover my BEP20 sent to Coinbase wallet? ›

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.

How do I recover a Binance recovery phrase? ›

6. You will now see your Binance Chain Wallet seed phrase, which you can use to recover your account.
...
If you lose access to your wallet, you can recover it by accessing two out of the three following mETHods:
  1. Through your Gmail login.
  2. 2.By using your local device.
  3. With your account password created during set-up.

What happens to crypto sent to wrong network? ›

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.

How do I recover a coin sent to the wrong address MetaMask? ›

How to Recover Coins Sent to Wrong Address in MetaMask
  1. Cancel the Transaction from MetaMask.
  2. Contact the Party You Sent It To.
  3. Recover BEP20 Tokens Sent to MetaMask.
  4. Manually Add Tokens.
Apr 9, 2022

Can you send BEP20 to BSC? ›

Dozens of exchanges support BEP-20 withdrawals to BSC-compatible wallets, removing the need for manually converting your BEP-2 tokens to BEP-20. By directly withdrawing BEP-20 tokens, you save both time and money (fees), as you entirely skip the step where you would need to convert your tokens to BEP-20.

How to recover crypto transferred to the wrong address on Binance? ›

If your assets were sent to a wrong address on another platform, please contact the customer support of that platform for assistance. If you forgot to write a Tag/Memo for withdrawal, please contact the customer support of that platform and provide them with the TxID of your withdrawal.

How can I reverse a transaction? ›

Transactions are generally reversed in one of three ways: an authorization reversal, a refund, or a chargeback.

How do I reverse crypto transfer? ›

Can you cancel or reverse a transaction? No. Once confirmed, transactions in crypto are permanent. They can't be canceled, altered, or reversed.

What to do if crypto scammed? ›

How To Report Cryptocurrency Scams
  1. the FTC at ReportFraud.ftc.gov.
  2. the Commodity Futures Trading Commission (CFTC) at CFTC.gov/complaint.
  3. the U.S. Securities and Exchange Commission (SEC) at sec.gov/tcr.
  4. the Internet Crime Complaint Center (IC3) at ic3.gov/Home/FileComplaint.

How do I recover my lost bitcoin before the scammer gets away with it? ›

Here are the approaches you should pursue when trying to recover stolen Bitcoin.
  1. File a Police Report.
  2. Check Your Devices for Malware.
  3. Contact Your Bank, Exchange, and Wallet Provider.
  4. Change Your Login Details.
  5. Track the Money.
May 16, 2022

What happens if I lose my crypto wallet phrases? ›

If you lose access to your wallet and lose your seed phrase: You will lose access to your crypto assets. Seed phrases can't be changed or recovered, making them an effective security tool.

How to recover my blockchain password without backup phrase? ›

Enter your email and click Request password reset. 5. Check your email inbox for a message from notify@exchange-tx.blockchain.com that includes a link to reset your password.

Can you recover a recovery phrase? ›

As long as you have your recovery phrase, you will always be able to regain access to your crypto assets. You can restore any Ledger device from your recovery phrase to recover the wallet configuration and access your funds. Learn how to restore your Ledger device from your Recovery phrase in this article.

How do I contact VeChain? ›

  1. Contact Email support@vechain.com.
  2. Phone Number 855-914-2285.

How many confirmations does VeChain need? ›

Your Liquid transaction is considered final and irreversible after two confirmations. The first confirmation is achieved when your transaction is included in a block, and the second confirmation is achieved when a new block is added to the chain, following the block that includes your transaction.

Which network is VeChain on? ›

The VEN token once operated on the Ethereum platform, but in 2018, VeChain switched to its own blockchain and rebranded itself as the VeChainThor (VET) blockchain. Through data transparency, VeChain hopes to disrupt the supply chain industry.

What happens if you send BNB without memo? ›

Yes. If you forgot to include the MEMO for your deposit, Binance.US will charge a recovery fee of five times the amount of the withdrawal fee for the token.

Can I get my money back from Binance? ›

It is possible to withdraw funds from your Binance account. But in order to make that possible, you will have to go through a specific withdrawal process. It's not hard, but following every step is necessary if you want everything to go smoothly.

How do I get my BNB back from a smart contract? ›

As long as the contract doesn't have to withdraw function, you cannot get back your BNB from the contract anyway.

Can token money be returned? ›

Q. Is token money refundable? A. If the buyer fails to complete the transaction, the seller may forfeit the token money, unless the parties have made a notarised agreement stating otherwise.

What is token recovery function? ›

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

Can you get refund tokens? ›

League of Legends and Teamfight Tactics (on PC)

Each League account comes with three refund tokens. There are a few additional rules specific to refund tokens: You can only refund purchases made within the last 90 days. Refunds will return the same amount and currency you used to make the purchase.

What happens if a coin is delisted from Binance? ›

When an asset gets delisted from an exchange, all of its trading pairs are removed. The asset can still potentially be traded on other exchanges (such as decentralized exchanges), or through over the counter trading (OTC), but trading activity on the exchange that delisted that asset will cease.

How do you retrieve assets in Binance? ›

How to use Tag/Memo Recovery?
  1. Log in to your Binance account and visit this link.
  2. Enter the details of your deposit: Token. You can use the search function to find the asset you want to retrieve. ...
  3. Confirm your application details and click [Submit]. You can then check the application status from [Application Records].
Sep 17, 2020

Can you recover sent crypto? ›

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.

How do I retrieve ERC20 tokens sent to Binance? ›

To restore ERC20 tokens you accidentally sent to the BEP20 wallet, please follow these steps: Step 1: Copy the private key of the Binance Smart Chain wallet that you sent ERC20 tokens to. 1.2. Select the Binance Smart Chain wallet with which you deposited ERC20 tokens.

How can I recover BEP20 ETH sent to 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.

How can I recover my crypto sent to scammer? ›

Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you can only get your money back if the person you paid sends it back. But contact the company you used to send the money and tell them it was a fraudulent transaction.

How do I retrieve funds sent from Binance? ›

You can use the search function to find the asset you want to retrieve. Please note that you can only apply for coins/tokens that are listed on Binance. If you can't find the coin/token you deposited, please retrieve it via self-service recovery instead. Please fill in the sender's address next to “from” or “sender”.

What happens if you send ERC20 to BEP20? ›

WHAT HAPPENS WHEN YOU SEND BEP20 TOKENS TO ERC20 ADDRESS? Because the Bep20 and Erc20 token standards are similar in code structure and function with only a few differences, coins sent interchangeably to them are not gone forever; they can still be retrieved.

How do I contact Binance customer service? ›

Binance.US customers can now also connect directly with a dedicated customer support agent using our Live Chat service. Live Chat is available 24/7, and joins our existing ticket-based email support solution. The new feature is available on app and web.

What happens if you send crypto without memo? ›

If you send funds without a tag/memo or with an incorrect Tag/Memo, your funds cannot be credited to your account.

How long does Binance locked assets? ›

All new ACH, Debit, and Apple Pay deposits are subject to a brief withdrawal lock period. During this lock users cannot withdraw USD or Crypto funded by these deposits for the following time periods: Debit: 7 days withdrawal lock. ACH: 7 days withdrawal lock.

Can you send bep20 to BSC? ›

Dozens of exchanges support BEP-20 withdrawals to BSC-compatible wallets, removing the need for manually converting your BEP-2 tokens to BEP-20. By directly withdrawing BEP-20 tokens, you save both time and money (fees), as you entirely skip the step where you would need to convert your tokens to BEP-20.

Is bep20 and BSC the same? ›

BSC is a blockchain built by Binance that is dedicated to running Smart Contracts and extending the functionality of the BNB Chain. BEP-20 is essentially a token standard that is used to create tokens on the BSC Blockchain.

Does Coinbase support bep20 BSC? ›

Does Coinbase support Binance Chain (BEP-2)? Coinbase doesn't currently support Binance Chain (BEP-2) because it's a separate blockchain that isn't integrated with our platform. BEP-2 is a blockchain created by Binance specifically for their customers to send assets more quickly.

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