Could you please elaborate on the concept of "Coinbase Asset Recovery"? I'm curious to understand how it works and what kind of scenarios it covers. Is it a service provided by Coinbase to help users regain access to their lost or stolen cryptocurrencies? Or does it involve recovering funds from transactions gone wrong? I'd also appreciate any insights on the process involved and any potential limitations that might exist. Understanding this could help users navigate the complexities of cryptocurrency transactions and ensure their assets remain secure.
6 answers
Tommaso
Mon Jun 24 2024
Coinbase, a leading cryptocurrency exchange, has introduced an asset recovery service for its verified customers.
CryptoDynasty
Mon Jun 24 2024
This service enables customers to reclaim lost funds from specific ERC-20 assets.
GeishaMelodious
Sun Jun 23 2024
Upon successful recovery, customers can then send these funds to any self-custodial wallet they choose.
Lorenzo
Sun Jun 23 2024
It is important to note that while Coinbase strives to provide customers with access to their cryptocurrencies, there are limitations.
CryptoWizard
Sun Jun 23 2024
The company cannot support all networks or assets due to technical and regulatory constraints.