. An ERC-20 token refers to any cryptocurrency created on the Ethereum blockchain.
“It’s been a pain point for customers who sent ERC-20 tokens to a Coinbase receive address,” Will Robinson, vice president of engineering at Coinbase, told TechCrunch. “When people accidentally sent these assets, they were effectively stuck up until this point.” The feature will become available in the next few weeks for customers, except those in Japan or users of Coinbase Prime. There will be a 5% recovery fee for amounts over $100 in addition to a separate network fee that applies to all recoveries.
Users of Coinbase can trade about 9,000 different cryptocurrencies, far more than rival exchanges Kraken and Binance. But while transfers of ERC-20 tokens aren’t significant, they are popular among developers who want to create their own tokens on the Ethereum blockchain and other users who believe in the networks behind those tokens.
coinbase Coinbase is way to expansive! Way to!
coinbase Amazing what you can do when you accidentally send 10m to the wrong wallet 🙃
coinbase ok but what about wrapped SOL, I'm still traumatized from when pinkskullqueen sent hers to Coinbase and poof...
coinbase HeleneBraunn It’s a bucketshop and it’s going to 0
coinbase HeleneBraunn Coinbase supports 9,000 cryptocurrencies? 🤔
coinbase HeleneBraunn Huge move!
coinbase HeleneBraunn Good idea
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