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Author Topic: I sent 200 USDT to a USDC address. Is it possible to recover funds?  (Read 798 times)
CryptoWin2 (OP)
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June 16, 2020, 11:41:18 AM
Last edit: June 17, 2020, 06:58:47 AM by CryptoWin2
 #1

i sent 200 USDT from my Binance wallet to a USDC address of the website justanotherpanel.com because i wanted to buy their services.

Binance claims the website can still recover and use the funds.

The website claims they cant do it.

Binance says they are lieing.

This is the transaction: https://etherscan.io/tx/0xbff7be574d332daabe178ba43a8954074c2dc5ae0114bbbc4c437fb795768625

Could you please advice what to do?




blockman
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June 16, 2020, 12:03:52 PM
Merited by so98nn (1)
 #2

In what exchange you did this? you have to contact the support of that exchange and ask them to retrieve the funds that you have deposited wrongly. Well, some exchanges doesn't tolerate wrong deposits of their customers and that's no hope if they have that kind of rule.
But, most of the exchanges that I've seen with this kind of concern, they have answered and help the person that did it. Contact now and write a support ticket to that exchange you sent 200 USDT wrongly.
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June 16, 2020, 12:15:55 PM
 #3

snip

Since most of them are against the reversal process he may loose the funds now.

All exchanges will always provide clear instructions or a note stating that Do Not send XYZ coins to this address other than ABC coins. These instructions are there to reduce the chaotic reversal process.

Always remember that it's very critical to check your ERC20 address on exchanger while sending the coins.

Know more difference between USDT and USDC here: The Difference
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June 16, 2020, 12:20:13 PM
 #4

In what exchange you did this? you have to contact the support of that exchange and ask them to retrieve the funds that you have deposited wrongly. Well, some exchanges doesn't tolerate wrong deposits of their customers and that's no hope if they have that kind of rule.
But, most of the exchanges that I've seen with this kind of concern, they have answered and help the person that did it. Contact now and write a support ticket to that exchange you sent 200 USDT wrongly.

I do not think it is possible exchange have zero tolerance towards such error. Most of the time they do mention while displaying the wallet address a disclaimer which clearly mentions which cryptocurrency needs to be send and how much minimum will be accepted.

I think he needs to forget about it.

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BitSat19
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June 16, 2020, 12:28:23 PM
 #5

I sent 200 USDT to a USDC address. Is it possible to recover funds?

This is life time lesson for you next time do double check before doing any transaction as I was also lost my 2 Ethereum as I send on wrong address and Poloniex never give me any refund now I am very careful about this all so hopefully next time you will also very careful and do your best before any confirmation.
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June 16, 2020, 12:37:58 PM
 #6

My exchange is Binance, and they claim the recepient: justanotherpanel.com must still be able to find and receive the transaction, even when I sent from USDT to USDC address. Binance says they are lieing they didnt receive the funds.

p.s. i always thought and heard about ''tether usd coin, usd coin, stable coin connected to the dollar''. So i didnt know there was an alternative to Tether called USDC.
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June 16, 2020, 12:46:39 PM
 #7

I sent 200 USDT to a USDC address. Is it possible to recover funds?

200 USDT? That is really a huge amount! I think you can`t recover it since we can`t return back the transaction, once you send it assume that it will be delivered to the recepient. Unless otherwise the support and core of the exchange will make a way to recover your funds.

I think this should be a lesson for all that there are separated address in every coin in exchange. You have to be careful in sending your assets because there is no undo in transacting online.

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June 16, 2020, 12:47:03 PM
 #8

I once made the same mistake as you but fortunately I only transfer in small amounts, at that time I used a small exchange. I contacted the team and there was no tolerance so I had to forget about the money. from there I learned that if I want to send anything I have to check with certainty and be careful

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CryptoWin2 (OP)
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June 16, 2020, 12:59:08 PM
 #9

Well Binance claims the recepient still can find and use the funds but dont want to tell me, because they'd rather keep the funds without giving the product/service they are selling.
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June 16, 2020, 01:13:48 PM
 #10

My exchange is Binance, and they claim the recepient: justanotherpanel.com must still be able to find and receive the transaction, even when I sent from USDT to USDC address. Binance says they are lieing they didnt receive the funds.
It should be there in your transaction history, it sounds weird though that they are denying that.
Unfortunately, that is not reversible or unreversible unless if the recipient will voluntarily return your lost USDT that accidentally placed on the wrong address.

This is easy money from an error transaction of the exchange, there are some services that will recover for free, but sad to say others won’t.
Now, the only thing that could help you is to contact the support team of Binance exchange. Or trace your error transaction.

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June 16, 2020, 01:23:12 PM
 #11

I sent 200 USDT to a USDC address. Is it possible to recover funds?

You should contact the exchange you are using. I believe they will solve the problem as quickly as possible, and if you use a wallet on your phone, you should contact them at telegram as soon as possible.

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June 16, 2020, 01:35:51 PM
 #12

If you send to the exchange ERC-20 wallet and the exchange accepts USDC tokens too, then the ethereum address should be the same and they should automatically credit your funds. If they do not accept this token, then probably your funds are unfortunately lost.

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June 16, 2020, 01:41:50 PM
 #13

in some exchanges if it's both erc20 the address is always same and if this happens it should stay safe for example like biki, but if each coin has a different address 100% USDT you must be lost but just try asking the cs but I think the chances are small.

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June 16, 2020, 01:42:29 PM
 #14

My exchange is Binance, and they claim the recepient: justanotherpanel.com must still be able to find and receive the transaction, even when I sent from USDT to USDC address. Binance says they are lieing they didnt receive the funds.
It should be there in your transaction history, it sounds weird though that they are denying that.
Unfortunately, that is not reversible or unreversible unless if the recipient will voluntarily return your lost USDT that accidentally placed on the wrong address.

This is easy money from an error transaction of the exchange, there are some services that will recover for free, but sad to say others won’t.
Now, the only thing that could help you is to contact the support team of Binance exchange. Or trace your error transaction.

This is the transaction: https://etherscan.io/tx/0xbff7be574d332daabe178ba43a8954074c2dc5ae0114bbbc4c437fb795768625

Does this page confirm that they received the transaction?
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June 16, 2020, 01:47:33 PM
 #15

I sent 200 USDT to a USDC address. Is it possible to recover funds?


I think if Wallet Exchange cannot be recovered. USDT and USDC are actually the same platform, the ERC20 version. But USDT also has an OMNI version. If the same platform can receive all coins, not only USDT and USDC. And can make a withdrawal. The problem is that Wallet Exchange is different, it does not accept the option to withdraw coins other than those specified.

For example, the exchange wallet uses Coinpayment.net as a place to store all coins, for each erc20 version of the coin it will be the same, only withdrawals can be made through the Coinpayment account belonging to the exchange.

I think you can ask the owner of the platform that you used to receive usdc coins.

And you can check whether the platform supports USDC. And check whether the wallet is the same, if it's the same then you will receive USDC even if you send it to USDT.

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June 16, 2020, 01:49:52 PM
 #16

My exchange is Binance, and they claim the recepient: justanotherpanel.com must still be able to find and receive the transaction, even when I sent from USDT to USDC address. Binance says they are lieing they didnt receive the funds.
It should be there in your transaction history, it sounds weird though that they are denying that.
Unfortunately, that is not reversible or unreversible unless if the recipient will voluntarily return your lost USDT that accidentally placed on the wrong address.

This is easy money from an error transaction of the exchange, there are some services that will recover for free, but sad to say others won’t.
Now, the only thing that could help you is to contact the support team of Binance exchange. Or trace your error transaction.

This is the transaction: https://etherscan.io/tx/0xbff7be574d332daabe178ba43a8954074c2dc5ae0114bbbc4c437fb795768625

Does this page confirm that they received the transaction?

Yes it does.
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June 16, 2020, 02:20:32 PM
 #17

Well Binance claims the recepient still can find and use the funds but dont want to tell me, because they'd rather keep the funds without giving the product/service they are selling.
If the transfer you did is going out of Binance then you must contact the recipient. They have already gave you an instruction that it should be " justanotherpanel.com" that must retrieve or solve that transaction.
If the transfer you made is going in on Binance, they'll resolve this quickly I believe but since it's no longer in their exchange. You have to contact that website which is the recipient as you have mentioned.
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June 16, 2020, 02:25:46 PM
 #18

You will easily recover your fund if the exchange have good customer service, binance, kucoin, Okex etc are all good exchange but we have few bad exchanges that don't care

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June 16, 2020, 02:30:13 PM
 #19

Well Binance claims the recepient still can find and use the funds but dont want to tell me, because they'd rather keep the funds without giving the product/service they are selling.
If the transfer you did is going out of Binance then you must contact the recipient. They have already gave you an instruction that it should be " justanotherpanel.com" that must retrieve or solve that transaction.
If the transfer you made is going in on Binance, they'll resolve this quickly I believe but since it's no longer in their exchange. You have to contact that website which is the recipient as you have mentioned.

Indeed, I think this transaction is out of Binance capability since it was going out of the exchange( my guess considering Binance reply).  @OP,  you have not clarified if you are transferring from your wallet to Binance or from Binance to outside the exchange wallet. If the USDT is going out of Binance, there is nothing they can do.

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rexxarofmoknathal
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June 16, 2020, 02:33:38 PM
 #20

I sent 200 USDT to a USDC address. Is it possible to recover funds?

Hmm, its a tough spot to be in as any crypto transactions by default are difficult to reverse. However, in a situation where you performed it on a platform then there might be some little hope left. Try contacting whom ever you think might be able to help, the sooner you do it the better.

Good Luck!





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