I don't like this process. Going to be just another ERC20 token with a high transaction fee.
I think there will be a lot of confusion here. Idena addresses starting with 0x... same as any other ERC20 token and it will be very easy to make a mistake. I already did it by accident and now I have Idena on my ETH deposit address on the Hotbit exchange.
It is interesting that I can check and see this transaction on Idena explorer, but not on the ETH network.
Being ETH compatible is a great advantage. Thats the main reason why BSC is the biggest chain now. Because it was faster, cheaper than ETH (such as tron, eos and tones of others) but also ETH compatible that allowed it to use ETH infrasctruscutre that ETH was building for years.
And what ERC20 token? What high fees? We are talking about pancake swap and BSC network (binance smart chain).
It is interesting that I can check and see this transaction on Idena explorer, but not on the ETH network.
Because your coins are not on ETH. They are on IDENA network. Just transferred to IDENA address that exist on ETH as hotbit deposit address.
You can try to get therm back if there were much of them. As Idena is ETH compatible it is possible that hotbit will use their eth private key connected to your deposit address and use it on idena chain. Did same mistake months ago. I get this response:
"2. In order to retrieve your mistakenly deposited tokens, we would have to conduct relevant operations such as extra installation or upgrade on the software of our wallet, the import and export of the private key and so on. Due to the fact that only those staff with very high authority are allowed to conduct relevant operations and that the whole process has to go through very strict risk control verification process, such operations require huge amount of time, labor cost and risk control cost. It might take three to six months to retrieve your assets. Please do be patient.
3. Due to the strict risk control verification process,
you need to pay 0.3 ETH by original sending address( ) that you transferred this transaction mistakenly to switch back the coins. The transerred address is 0x5c0e7D5D2c3f244083eA00a8c6b17c42120ac632 and then send TXID to us so that we can check it for you. Attention please: Due to the strict risk control verification process, we can only send your assets back to your original sending address( ) later."
But you know why we both made same mistake? Because hotbit has bug in their website that sometimes does not refresh deposit address. You go to deposits and you see USDT (ERC-20) deposit address, you change it to idena and page should refresh showing new address. Sometimes it does not. You see IDENA, you see address, you do a deposit, coins are gone. Be carrefour and always check if address did refresh.