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Author Topic: I sent 200 USDT to a USDC address. Is it possible to recover funds?  (Read 794 times)
Pffrt
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June 16, 2020, 02:58:08 PM
 #21

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.
The address you sent usdt to belongs to Binance and they can easily recover and refund you on your USDC address, however every exchanges have their own rules and you are strictly said that this address must be used for only depositing USDC coin, right? To refund you, they have to go through a huge lengthy process and I dount Binance would do that. Try contacting their support and update us here. The chance is too low though.
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June 16, 2020, 02:58:22 PM
 #22

If the 200 usdt is sent to USDC address on p2pb2b exchange then you are in trouble, they have already warned people to only send tokens to the appropriate wallet address, depositing a different token won't reflect and that's good bye to your 200 USDT

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June 16, 2020, 03:00:46 PM
 #23

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.
You are in a hard situation mate, sending a request to binance to send you the information of the recipient will be hard since this is confidential. And you might not get it back since there is a reminder that you must send only USDC to USDC address or USDT to USDT address.

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

Does this page confirm that they received the transaction?
Yes, it was confirmed already as it already shows "success" in the link.



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June 16, 2020, 03:19:51 PM
 #24

If the 200 usdt is sent to USDC address on p2pb2b exchange then you are in trouble, they have already warned people to only send tokens to the appropriate wallet address, depositing a different token won't reflect and that's good bye to your 200 USDT

almost every wallet or services has a warning like that ,so its steer clear that transactions are ireverisible anymore  . 200 usdt is like 200 usd too so quite a big amount for me already but i dont know bout him maybe this amount is not that huge to him because he was careless enough to process a wrong transaction   . next time he should know what to do before sending a coins  because we dont know maybe he wont be lucky next time and sent a really huge amount on a wrong address again   .

Charge to experienced, Learning from the hard way, this kind of mistake will always be remembered. Exchange always have memo like this for users / traders to be extra careful sending funds to any crypto wallets.

Irreversible transactions really pain in the ass, he can try asking for the support from the exchange whether to chat the team or send an email to
ask for some assistance.
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June 16, 2020, 03:28:40 PM
 #25

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.

Well if it's Binance, then there's no problem here at all.
Firstly, USDC and USDT are ERC-20 and Binance wallet for ERC-20 compatible wallet are always the same including that of ETH.
Secondly, you should scan both wallet on etherscan.io to confirm if it's same funds that's there. Also check deposit history.
You shouldn't panic and you should talk to a customer service.
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June 16, 2020, 03:29:49 PM
 #26

If the 200 usdt is sent to USDC address on p2pb2b exchange then you are in trouble, they have already warned people to only send tokens to the appropriate wallet address, depositing a different token won't reflect and that's good bye to your 200 USDT

almost every wallet or services has a warning like that ,so its steer clear that transactions are ireverisible anymore  . 200 usdt is like 200 usd too so quite a big amount for me already but i dont know bout him maybe this amount is not that huge to him because he was careless enough to process a wrong transaction   . next time he should know what to do before sending a coins  because we dont know maybe he wont be lucky next time and sent a really huge amount on a wrong address again   .
indeed many places of exchange and wallets that often provide information like this before making a transaction using cryptocurrency on their platform, for cases that occur like this I think if at a local exchange place in my country might be able to contact assistance for further action but when you send to wallet then there is nothing you can do but wait until the wallet supports to open usdc assets.

Usually this case also often happens to new traders who still don't have much experience and are still not too clear about the differences in cryptocurrency assets.

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June 16, 2020, 05:45:10 PM
 #27

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


I hope something good happens.
But I think if you send USDT to the USDC address, your coins will be lost. Cannot be recovered even though USDT and USDC are using the same blockchain. Except USDT that you send to the Wallet platform is not an exchange platform.

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June 16, 2020, 05:59:46 PM
 #28

I sent 200 USDT to a USDC address. Is it possible to recover funds?
this kind of mistake sometimes happens to everyone accidentally. However, actually, this can be avoided by more carefulness. it is always told that we must double-check the wallet address that we aim to refer to. We must check them and ensure every detail is true.

however, whatever the condition, it has happened and you must be ready for any kind of possibility. Some may not have tolerant if we send the token to the wrong address. however, you must still try to get it back.
1. You must contact the customer support of the exchange 9it may be difficult but this is the only thing to do).
2. Follow every detail that they told you. If it cannot be accepted, just be ready for the possibilities.

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June 16, 2020, 09:21:55 PM
 #29

Some exchanges will never help to recover wrongly deposited fund, hence they give a stern warning about this. Some exchanges will never add a deposit to multiple recharges when one fails to meet with the minimum deposit. I feel this should change.

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June 16, 2020, 10:55:18 PM
 #30

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

I guess if that was exchange site's address and you can recover your funds as the deposit address between USDT and USDC should be the same. You must ask the contact support about that and I think it can be recovered.

 
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kawetsriyanto
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June 16, 2020, 11:58:10 PM
 #31

Have you contacted customer support? Wait, are you using the USDC wallet of an exchange right? if it is true, it is better for you to directly contact their customer support. They will probably help ou guide the ways you should do. In this case, Some exchanges will likely not be responsible for negligence made by the user. This includes the recipient wallet address fault. However, we don't know if we don't try it, right? At least you have tried to return your funds.
And this can be a learning for us all. cases like this are very common. So, will we repeat the same thing again?

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oscarftw
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June 16, 2020, 11:59:06 PM
 #32

By seeing all, it seems that you make this transaction from Binance exchange to your software wallet. You didn't make this transaction to your Ethereum wallet. After check everything I don't think you can get back your money. Even Binance exchange can't help you there. Next time check twice before make any transaction. Sorry for your lost.
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June 17, 2020, 12:14:13 AM
 #33

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


I hope something good happens.
But I think if you send USDT to the USDC address, your coins will be lost. Cannot be recovered even though USDT and USDC are using the same blockchain. Except USDT that you send to the Wallet platform is not an exchange platform.
but there is no harm in contacting the market first so that they can help recover their money, don't give up until the market gives an explanation of whether or not it can be recovered, and the money is not small, it's pretty much in my opinion
bitkanu
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June 17, 2020, 01:42:31 AM
 #34

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


I hope something good happens.
But I think if you send USDT to the USDC address, your coins will be lost. Cannot be recovered even though USDT and USDC are using the same blockchain. Except USDT that you send to the Wallet platform is not an exchange platform.
but there is no harm in contacting the market first so that they can help recover their money, don't give up until the market gives an explanation of whether or not it can be recovered, and the money is not small, it's pretty much in my opinion
If both have been using the same blockchain and it can be recovered easily and remember exchange sites will always be used one address for all of tokens. 1 address for 1 account and I have tried it so many times and it looks like OP just need to check his address for the second time.

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kynaz
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June 17, 2020, 01:54:35 AM
 #35

Have you contacted customer support? Wait, are you using the USDC wallet of an exchange right? if it is true, it is better for you to directly contact their customer support. They will probably help ou guide the ways you should do. In this case, Some exchanges will likely not be responsible for negligence made by the user. This includes the recipient wallet address fault. However, we don't know if we don't try it, right? At least you have tried to return your funds.
And this can be a learning for us all. cases like this are very common. So, will we repeat the same thing again?
It takes a lot of time for the care department, and they often ignore these requests because it is beyond the capabilities of the employees. I think this is the most valuable lesson in life because if a wrong money transfer can make you very sad so before moving, you should check 2 or 3 times to make sure the wallet is right.






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June 17, 2020, 06:15:16 AM
 #36

You can get that money back if the exchange you use is a good one with great customer service, just write the team or go on their social media for good responds, for example binance team can fix this for you in no time

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June 17, 2020, 06:40:33 AM
 #37

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.

You sent USDT to justanotherpanel.com, right? If yes binance could be right about them lying because both USDC and USDT are on ethereum chain and they must have received it on their address. I think you should contact justanotherpanel's support keep asking them to look into it. Also, check the address on etherscan to check whether it has any USDT in it or not.
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June 17, 2020, 07:26:38 AM
 #38

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.

You sent USDT to justanotherpanel.com, right? If yes binance could be right about them lying because both USDC and USDT are on ethereum chain and they must have received it on their address. I think you should contact justanotherpanel's support keep asking them to look into it. Also, check the address on etherscan to check whether it has any USDT in it or not.

Right. Transaction from my Binance wallet to the website justanotherpanel.com

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

I am a bit confused as to which field is the address where they have the USDT in?

To: Contract 0xdac17f958d2ee523a2206206994597c13d831ec7 (Tether USD)
Tokens Transferred: From Binance 2To 0x8f87e145b1899de7cd70534af6821198e7986166 For 199.372688 ($199.41) Tether USD (USDT)

Is it ''to'' or is it ''tokens transferred''? Could you please have a look?
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June 17, 2020, 08:35:23 AM
 #39

You can't get that coin anymore...
USDT and USDC are different, each exchange has explained in terms & conditions that you should not send tokens to another wallet platform, I'm sorry about your incident.

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CryptoWin2 (OP)
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June 17, 2020, 10:29:12 AM
 #40

You can't get that coin anymore...
USDT and USDC are different, each exchange has explained in terms & conditions that you should not send tokens to another wallet platform, I'm sorry about your incident.

then why does Binance support claim the merchant - justanotherpanel.com has successfully received the coins? Even when it was USDT to USDC address.
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