The world’s greatest magic cryptocurrency from the stock markets coinbaseannounced that it will provide a new convenience to investors for accidentally sent cryptocurrencies.
According to the announcement, there are about 4,000 different types that the Coinbase exchange does not support. ERC-20 If the token is sent to the exchange by mistake, users will be able to get their crypto money back thanks to the support team.
The following statement was made about the new service from the Coinbase website:
“With our new recovery tool, users who accidentally send us ERC-20 tokens that are not supported by our exchange will be able to move their cryptocurrencies to their personal wallet addresses. We do this thanks to our new technology work, which is still at the patent stage.”
The cryptocurrency exchange stated that it will take a 5% commission to recover crypto assets over $100 that were sent by mistake. According to the announcement, investors who want to get their crypto money back should forward the wrong transaction ID and the contract address of the lost crypto asset to the support team of the exchange. The crypto recovery service will not be available for Japan and institutional customers for now.
Coinbase Becomes the First in the Industry
Especially, investors who have just joined the market can send their crypto money to the wrong addresses due to the complexity of the address numbers. The largest cryptocurrency exchange, Binance, does not yet provide a guaranteed service on this subject. With this move, Coinbase became the first cryptocurrency exchange to offer rescue services.
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