Accidentally sent crypto to the wrong blockchain? Here are some ways that you can recover your tokens ⬇️
wallet. If you don’t, your wallet is custodial. With this information, you can then try out our three possible solutions.First of all, don’t panic. If you’ve sent ERC-20 tokens using Binance Smart Chain or sent BEP-20 tokens via the Ethereum network, you should be able to retrieve them. There are three different situations, each with its own solution:You can send the tokens back to the correct network on Binance.You will need to access your private key to import into a wallet that supports both.
Before working on a solution, it’s worth understanding what’s happened to avoid the same problem in the future.ERC-20 and BEP-20 are token standards that describe specific rules and technical guidelines for tokens. They govern how transactions, deposits, and withdrawals are all made. Both ERC-20 and BEP-20 standardize how a token interacts with different wallets, projects, and smart contracts.
The two standards share many similarities in how they operate, but ERC-20 is exclusive to Ethereum, and BEP-20 is exclusive to the Binance Smart Chain. In simple terms, they are token standards that each belong on a different blockchain. If your crypto is on the wrong network, it might not be usable for the purpose you need. For example, Ethereum sent to BSC won’t be usable inIf you send an ERC-20 token to BSC or a BEP-20 token to Ethereum, the token will land in the same wallet address on the chosen network. Your BSC and Ethereum wallet addresses are identical and are accessible with the same private key.
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