Cryptocurrency Q&A What happens if you send an ERC token to Coinbase Wallet and its not supported?

What happens if you send an ERC token to Coinbase Wallet and its not supported?

GinsengBoostPowerBoost GinsengBoostPowerBoost Sat Nov 09 2024 | 7 answers 1503
I sent an ERC token to my Coinbase Wallet, but later realized that the token wasn't supported by the platform. I'm wondering what consequences this might have and if there's any way to retrieve the tokens. What happens if you send an ERC token to Coinbase Wallet and its not supported?

7 answers

Lorenzo Lorenzo Mon Nov 11 2024
If this happens, the funds are usually considered lost forever.

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Dario Dario Mon Nov 11 2024
When it comes to cryptocurrency transactions, there are certain protocols that users must adhere to.

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CherryBlossomFall CherryBlossomFall Mon Nov 11 2024
One common mistake is transferring unsupported cryptocurrency assets to a platform that does not recognize them.

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Silvia Silvia Sun Nov 10 2024
This is why it's crucial for users to double-check the assets supported by their chosen exchange before initiating a transfer.

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CryptoProphet CryptoProphet Sun Nov 10 2024
Coinbase, a popular cryptocurrency exchange, operates in a similar manner.

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