Sent tokens on the wrong network (2024)

FAQs

Sent tokens on the wrong network? ›

Contact the Recipient

So long as the cryptocurrency was sent from an EVM-based blockchain to a different EVM-based network, you should be able to retrieve it. If the network is supported within Ledger Live, you'd simply need to add an account for that particular blockchain.

If you tried sending tokens directly from your MetaMask wallet to a non-EVM network, and the transaction went through, it's entirely possible that your tokens are gone forever.

This can be resolved by transferring them back to the right blockchain. In this scenario there can be three possibilities: The receiving wallet supports both Binance Smart Chain (BSC) as well as Ethereum. The receiving wallet supports either BSC or Ethereum.

A cross-chain token swap is when you move your tokens from one blockchain network to another. This is usually done using bridges that lock tokens on one blockchain and mint a wrapped token on the other.

If the transaction was sent on the incorrect network, Coinbase will not be able to recover the funds. Learn more about sending on other networks.

If you select the wrong network, you will lose your funds. It is common for exchanges like Binance to offer alternative networks to withdraw your coins.

If you send cryptocurrency to an invalid or non-existent wallet address, the transaction will likely fail, and the funds should remain in your wallet. However, it's crucial to note that some wallets might have different validation mechanisms, and the behavior could vary.

If you mistakenly sent funds to the wrong address while using MetaMask or a similar wallet, it's important to keep in mind that decentralized blockchain transactions are generally irreversible. Once a transaction is confirmed and included in the blockchain, it's difficult to retrieve the funds.

Yes, it is possible to transfer USD Coin (USDC) from Coinbase to Binance. USDC is an ERC-20 token, meaning it's built on the Ethereum blockchain, so you can use Ethereum's network to transfer USDC between wallets and exchanges.

How to recover crypto sent to wrong network Robinhood? ›

Any unsupported coins sent to a Robinhood crypto address may be lost with no way to reverse the transaction. You should also avoid using the send address generated by Robinhood as a deposit address.

Can Bitcoin and other cryptocurrency transactions be reversed or cancelled? No, Bitcoin and other cryptocurrency transactions are designed to be irreversible. Consequently, it is not possible to reverse or cancel cryptocurrency transactions.

There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. Swapping fees are immediately deposited into liquidity reserves.

The short answer is no, you cannot cancel a cryptocurrency transaction once it has been initiated. Once you have sent the transaction, it is broadcasted to the network, and the miners start verifying it.