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How to recover tokens when sending to the wrong network? | FixedFloat

How to recover tokens when sending to the wrong network?

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This article is for informational purposes only. If your transaction sent on the amiss network is not related to our service, please contact your wallet support. Our support only advise on FixedFloat exchanges.
Sending cryptocurrency to the wrong network is one of the most common problems in the cryptocurrency community. This mistake is most much made by users of Ethereum, Ethereum Classic, Binance Smart Chain, and Polygon due to their exchangeable savoir-faire formats. If you find yourself in such a situation, do not despair. There is a chance that you will be able to get the coins back.

1. What is the difference between Ethereum, Ethereum Classic, Binance Smart Chain and Polygon?

foremost, you need to figure out what is the difference between these networks and why a mistake in choosing a net can cost you a loss of funds .
Ethereum — cryptocurrency and platform for creating decentralized applications based on fresh contracts. FixedFloat supports ERC20 .
Ethereum Classic is a fork that retains the original generator of the Ethereum platform .
Binance Smart Chain — Binance ‘s own blockchain compatible with Ethereum. FixedFloat supports BEP20 .
Polygon (MATIC Network) — blockchain modeled after the Ethereum network to address its scalability .
The main feature of these blockchains is that they have the lapp address format, starting with 0x, and access to them is carried out using a one individual key. Because of this, cryptocurrency users sometimes make mistakes and send their coins to another network .
When creating an ordain for FixedFloat, the user can make a alike err in two cases : when selecting a network in the “ Send ” field or when selecting a network in the “ receive ” airfield. Let ‘s consider these situations and their possible solutions .

2. You have sent coins to a FixedFloat address on a different network

If you entered the incorrectly network in the “ Send ” field when creating an order, your order will not be executed automatically. For model, you created an order to exchange USDT ERC20 to BTC, but sent USDT coins to the FixedFloat address on the BEP20 net. In such a position, you should contact FixedFloat technical back .

3. When creating an order, you specified the wrong network in the “Receive” field

Let ‘s say you wanted to exchange BTC for ETH, but by mistake choose ETH BEP20 in the “ receive ” field. In the field “ Your Ethereum ( BEP20 ) address ” you entered your ETH address .
Since the addresses in the ETH, ETC, BSC and Polygon networks are identical, the automatic FixedFloat system can not detect your erroneousness and creates an order. If you find yourself in a exchangeable situation, then do n’t panic. There is a prospect that you can get the coins back .
To get started, you can make sure that the transaction was sent to the address that you provided when creating the order. network explorers can help you with this .
etherscan.io — explorer of the Ethereum network .
etcblockexplorer.com — internet explorer of the Ethereum Classic network.

bscscan.com — explorer of the Binance Smart Chain network .
polygonscan.com — explorer of the Polygon network .
After you have made certain that the coins arrived at your savoir-faire on a different network, you can start restoring access to an address on this network. much depends on which wallet or service you sent your coins to .

3.1. 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 besides use a sow phrase rather of a private cardinal. After importing the private key of the wallet into another wallet, you will have access to your funds .
Please eminence that ascribable to the consequence of the individual key, funds are not sent to another wallet. The exploiter simply accesses their wallet from another application. This method is available only for users of non-custodial crypto wallets .
Instructions for importing a key into MetaMask
Instructions for importing a key into Trust Wallet

3.2. You have mistakenly sent tokens to a wallet that supports both networks

This situation has the simplest solution. For exercise, MetaMask and Trust Wallet support both Ethereum and Binance Smart Chain. You can well access coins on these networks by following the instructions below .
Instructions for adding Binance Smart Chain to MetaMask
Instructions for adding Binance Smart Chain to Trust Wallet
once you add Binance Smart Chain accompaniment to your wallet, coins that were sent in error on the BEP20 network will appear on your wallet proportion .

3.3. You have sent tokens to a custodian wallet or crypto exchange

custodian wallet users do not own the private key. To solve this trouble, you should contact the technical support of your wallet or the substitution to which you have poisoned the coins. Some custodial wallets can help for an extra fee and provide access to private keys. After receiving the private key, you can import it into another wallet that supports both blockchains.

To prevent such an mistake, we powerfully recommend that you check the net in which you want to send or receive coins .
attention
This article is for informational purposes only. If your transaction sent on the wrong network is not related to our service, please contact your wallet support. Our support only advise on FixedFloat exchanges.

source : https://leowiki.com
Category : Economy

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