Need advice/ sent a crypto to wrong address on Coinbase.

Stavello

newbie

Activity: 10

Merit: 2

Quote from: Stedsm on August 18, 2020, 12:12:25 PM

Quote from: Stavello on August 18, 2020, 09:30:48 AM

Thanks for your insight. I appreciate all the advice people are giving me. I totally appreciate that is it is difficult and time consuming. But we are also talking about a momentary mistake costing me $12000. That seems kinda crazy. I guess at the very least the asset is not technically gone I just have to wait and hope and pray that they list wBtc one day and I’d get it back? So technically my money hasn’t like vanished and is still there?

If you have sent it on an address, it is still on that address and didn't leave for the universe yet so to get hidden out somewhere else. /s
Stop acting like a kid, I know it's your mistake but at least they are looking into it. So, either way, they might try to (most probably) add wBtc to their smart contract and let you be able to get your money back. Not just that, try to get this resolved because you already know that crypto market is volatile and if your asset is volatile enough, don't let it stay for too long in their hands. Trust me, coinbase ain't gonna steal nothing from you, just wait, keep patience and co-operate with them. I hope that your KYC is already verified there so you don't have to prove your ownership and wait for your KYC verification to get completed.

Thanks for the insight. I agree it’s my mistake and I don’t mean to act like a kid. I am just kinda freaked out that a mistake and I could lose 12000. The posts here have made me feel better in that it’s not completely gone. I have already gone through kyc so I am good there. I am just waiting to hear back from them.

Stedsm

legendary

Activity: 3052

Merit: 1273

Quote from: Stavello on August 18, 2020, 09:30:48 AM

Thanks for your insight. I appreciate all the advice people are giving me. I totally appreciate that is it is difficult and time consuming. But we are also talking about a momentary mistake costing me $12000. That seems kinda crazy. I guess at the very least the asset is not technically gone I just have to wait and hope and pray that they list wBtc one day and I’d get it back? So technically my money hasn’t like vanished and is still there?

If you have sent it on an address, it is still on that address and didn't leave for the universe yet so to get hidden out somewhere else. /s
Stop acting like a kid, I know it's your mistake but at least they are looking into it. So, either way, they might try to (most probably) add wBtc to their smart contract and let you be able to get your money back. Not just that, try to get this resolved because you already know that crypto market is volatile and if your asset is volatile enough, don't let it stay for too long in their hands. Trust me, coinbase ain't gonna steal nothing from you, just wait, keep patience and co-operate with them. I hope that your KYC is already verified there so you don't have to prove your ownership and wait for your KYC verification to get completed.

Stavello

newbie

Activity: 10

Merit: 2

Quote from: Mauser on August 18, 2020, 02:13:59 AM

Quote from: Stavello on August 17, 2020, 04:07:51 PM

Hello, I am desperate and just looking for some guidance. I am new to crypto and was using dharma.io for the first time last night. I bought a wbtc but later on decided I wanted to transfer the asset to Coinbase. Again I am new so I accidentally sent it as wbtc to my ethereum wallet. So obviously it didn’t show up and I am scared like hell I lost the asset and 12 grand. I am in touch with Coinbase support and I sent them the transaction hash but am I SOL? It was an honest mistake from a crypto noob and I’m reading online they can’t or won’t get it back. I’m losing it and I need something guidance please. Thanks.

The chances are small you will get a back but you should try.

Unfortunately contacting the receiver of your funds is not really possible you would need to go via coinbase directly. Honestly I would just keep asking the support staff and see their reply. If they don't really want to help you I would retry the support team at different time and maybe you get more lucky with a different person on the support desk. Good luck, I know this really hurts. Happened to me too.

In the future better to tripple check the adress. I guess it's a mistake you will only do once.

Thanks for your insight. I appreciate all the advice people are giving me. I totally appreciate that is it is difficult and time consuming. But we are also talking about a momentary mistake costing me $12000. That seems kinda crazy. I guess at the very least the asset is not technically gone I just have to wait and hope and pray that they list wBtc one day and I’d get it back? So technically my money hasn’t like vanished and is still there?

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: Lucius on August 18, 2020, 07:29:58 AM

Did you notice that I quote one more user in my post? So my comment is about that other user, not you.

I noticed, but you're referring to the both of us as you said "they". But it's fine now.

Quote

What kind of attitude do I have if I warn someone to pay a little more attention to what it's really about? Legendary rank means nothing special, there are a lot of them on this forum who are Legendary and have no idea what Coinbase or Binance is.

The way You addressed it.
For you it's nothing but for some members here, it has something that is special. That is why we have so much respect and that is we why we look up on members like you.

Quote

I withdraw my statement that you are a shitposter, but you certainly can do better - we all make mistakes, it is in human nature Wink

So do I, withdrawing my statement that you had such attitude. I'll make sure to improve my post everyday, I am doing my best. thank you.

See you around Cheesy

Lucius

legendary

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Quote from: Eureka_07 on August 18, 2020, 06:04:16 AM

I did not even said this

Quote from: Lucius on August 18, 2020, 05:46:39 AM

so they give you advice on how Bitcoin transactions are irreversible, or to contact Binance for help that has nothing to do with your case.

Did you notice that I quote one more user in my post? So my comment is about that other user, not you.

Quote from: Eureka_07 on August 18, 2020, 06:04:16 AM

I look up high ranking members like you but I can't believe you have some attitude like that. A Legendary one. So much intelligence lies within you sir.

What kind of attitude do I have if I warn someone to pay a little more attention to what it's really about? Legendary rank means nothing special, there are a lot of them on this forum who are Legendary and have no idea what Coinbase or Binance is.

I withdraw my statement that you are a shitposter, but you certainly can do better - we all make mistakes, it is in human nature Wink

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: Lucius on August 18, 2020, 05:46:39 AM

Quote from: Eureka_07 on August 18, 2020, 05:28:21 AM

I support you, you should consult to a lawyer if binance did not resolved your case.
Be more careful next time.
Goodluck!

Stavello, don't pay attention to such answers, because these are classic shitposters who failed to understand what this is about, so they give you advice on how Bitcoin transactions are irreversible, or to contact Binance for help that has nothing to do with your case.

Okay

I also made some mistake. I understood the topic.
I admit most of the time I am having some confusion between binance and coinbase (it's a personal issue). But that does not mean that you can tag me as a shitposter.

I am sorry OP for having such confusion between binance and coinbase. I do not know a lot, and I am just trying to give my personal opinion about the issue.
Thank you @Lucuis! for "correcting" me. You are so generous.

Here, here, I support my mistake with this:

Quote from: Eureka_07 on August 18, 2020, 05:28:21 AM

Nah, I think there is still a hope. Coinbase asked for your transaction hash, so for now, believe that they will do something out of it.
They opened the case for your issue and that seems that they are trying to help you.

I did not even said this

Quote from: Lucius on August 18, 2020, 05:46:39 AM

so they give you advice on how Bitcoin transactions are irreversible, or to contact Binance for help that has nothing to do with your case.

Quoting what just I said:

Quote

Nah, I think there is still a hope. Coinbase asked for your transaction hash, so for now, believe that they will do something out of it.
They opened the case for your issue and that seems that they are trying to help you.
And they will more likely to help you because you are their customer, no matter who committed the mistake, they should still make their best to help you resolve it.

I do not know the process on how they can. But I do believe that there is a big chance that those tokens sent to coinbase are retrievable.
Personally I think, that they can make a special integration of wBTC token to to binance just for you (not open for other traders).

I look up high ranking members like you but I can't believe you have some attitude like that. A Legendary one. So much intelligence lies within you sir.

Di ako nag mamagaling.

Lucius

legendary

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Quote from: Latviand on August 17, 2020, 11:28:37 PM

Say goodbye to your money and never do the same mistake again.
Bitcoin transactions are irreversible so don't expect that they will send it back to you. Try to use another exchange where you are comfortable in using it to prevent these mistakes. Coinbase is not the only platform that you can use, Binance is there to help you out with trusted quality wallet that will help you in BTC transactions.

Quote from: Eureka_07 on August 18, 2020, 05:28:21 AM

I support you, you should consult to a lawyer if binance did not resolved your case.
Be more careful next time.
Goodluck!

Stavello, don't pay attention to such answers, because these are classic shitposters who failed to understand what this is about, so they give you advice on how Bitcoin transactions are irreversible, or to contact Binance for help that has nothing to do with your case.

As some others have already told you, Coinbase is the only one that can solve your problem - but you have to know that in such cases it is not easy to get your funds, it requires a lot of time and technical knowledge - and all crypto exchanges avoid doing things like this because it is not a standard procedure, and can compromise the security of the entire system. Now you can only wait and hope for a positive outcome.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: Stavello on August 18, 2020, 12:27:13 AM

So no chance huh? I can’t fathom how they could not fix this. This mistake is gonna cost me $12,000. This is devastating.

Nah, I think there is still a hope. Coinbase asked for your transaction hash, so for now, believe that they will do something out of it.
They opened the case for your issue and that seems that they are trying to help you.
And they will more likely to help you because you are their customer, no matter who committed the mistake, they should still make their best to help you resolve it.

I do not know the process on how they can. But I do believe that there is a big chance that those tokens sent to coinbase are retrievable.
Personally I think, that they can make a special integration of wBTC token to to binance just for you (not open for other traders).
This should be retrievable since you've sent your tokens to an ethereum wallet.

And if they resolved it, try giving them the compensation they deserve.

I support you, you should consult to a lawyer if coinbase did not resolved your case.
Be more careful next time.
Goodluck!

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: Stavello on August 18, 2020, 12:27:13 AM

So no chance huh? I can’t fathom how they could not fix this. This mistake is gonna cost me $12,000. This is devastating.

We're not saying that you have no chance at all to recover your money but somehow, the chance is very slim for now since WBT is not at their list (maybe it can be listed in the future). Their support is terrible to think, they are not really responsive when it comes to this as they are tired enough to answers such the same mistake again and again. By keeping in touch with their support them might give you the luck to be responded and have their hands to help your problem. I also suggest not to get harsh with them, that is your fault, not them. So it needs to be patient, otherwise.

Bitum

sr. member

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For us, this means that the prices of these cryptocurrencies will definitely rise in the short term. It happened again and again and when these are listed it is no exception

Mauser

hero member

Activity: 1974

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Quote from: Stavello on August 17, 2020, 04:07:51 PM

Hello, I am desperate and just looking for some guidance. I am new to crypto and was using dharma.io for the first time last night. I bought a wbtc but later on decided I wanted to transfer the asset to Coinbase. Again I am new so I accidentally sent it as wbtc to my ethereum wallet. So obviously it didn’t show up and I am scared like hell I lost the asset and 12 grand. I am in touch with Coinbase support and I sent them the transaction hash but am I SOL? It was an honest mistake from a crypto noob and I’m reading online they can’t or won’t get it back. I’m losing it and I need something guidance please. Thanks.

The chances are small you will get a back but you should try.

Unfortunately contacting the receiver of your funds is not really possible you would need to go via coinbase directly. Honestly I would just keep asking the support staff and see their reply. If they don't really want to help you I would retry the support team at different time and maybe you get more lucky with a different person on the support desk. Good luck, I know this really hurts. Happened to me too.

In the future better to tripple check the adress. I guess it's a mistake you will only do once.

DdmrDdmr

legendary

Activity: 2338

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There are lies, damned lies and statistics. MTwain

Quote from: Stavello on August 18, 2020, 12:27:13 AM

<...>

Coinbase may have some lateral interest in getting it resolved. WBTC is amongst the 19 crypto assets recently announced that are under consideration to be included in the Exchange. There’s no telling if and when they’ll get them listed, but at least they are on their radar (see https://news.bitcoin.com/coinbase-reviewing-19-crypto-assets-for-listing-including-wrapped-bitcoin-and-paxos-gold/), which may somehow help your cause.

Stavello

newbie

Activity: 10

Merit: 2

So no chance huh? I can’t fathom how they could not fix this. This mistake is gonna cost me $12,000. This is devastating.

Latviand

full member

Activity: 1540

Merit: 219

Say goodbye to your money and never do the same mistake again.

Always double check the addresses so that you are certain about it and you will not experience this inconvenience.

Bitcoin transactions are irreversible so don't expect that they will send it back to you. Try to use another exchange where you are comfortable in using it to prevent these mistakes. Coinbase is not the only platform that you can use, Binance is there to help you out with trusted quality wallet that will help you in BTC transactions.

Stavello

newbie

Activity: 10

Merit: 2

Quote from: o_e_l_e_o on August 17, 2020, 06:18:15 PM

Quote from: Stavello on August 17, 2020, 06:09:40 PM

I am praying they see that I sent it accidentally to my eth wallet on Coinbase and I don’t know why can’t they just send it back to the dharma.io wallet I was using.

It is encouraging that they have asked for the transaction hash. At least this means they are looking in to it. Are you fully verified on Coinbase with KYC? If you are not, I suspect they will ask you to do this before returning your funds.

Quote from: Stavello on August 17, 2020, 06:09:40 PM

So is their claim going to be the money is gone?

It shouldn't be. Your money is categorically not gone. You sent an Ethereum token to the Ethereum address on your account. Coinbase control that Ethereum address, and so they can access all tokens sent to it. They can return your money, the only question here is whether or not they will. Since it is a significant amount of money they may be more willing to help, and if not, the threat of legal action should do it.

If you don't mind answering, what country or jurisdiction do you live in?

Thank you so much for saying this. It’s made me feel a little bit better about the whole situation.

Stavello

newbie

Activity: 10

Merit: 2

Quote from: BitMaxz on August 17, 2020, 07:01:23 PM

Quote from: Stavello on August 17, 2020, 06:20:58 PM

I transferred it to Coinbase because I keep most of my assets there. I had bought some stuff on dharma because they had some things I couldn’t get on Coinbase. I kinda was moving $ back and forth a bit and I just made an honest mistake.

Next time don't use Coinbase because you don't have full control of your wallet so if you made mistake you can not able to recover them back as what they said from the faq. "Coinbase will not be able to recover tokens sent to the wrong address."

You are lucky if they grant your request to recover your token but for me, there is a 10% chance that they can grant your request to send or recover back the token.

My heart sinks when you say that. They say the “review” takes five to seven business days so the next week is going to be rough. I think I’m going to have to wait that out and if they tell me they can’t retrieve I will have to loop in my friend who is an attorney in the crypto world. This seems insane to me that an honest mistake where I just pressed the wrong couple of buttons there’s no way to get the money back. It’s devastating.

BitMaxz

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Quote from: Stavello on August 17, 2020, 06:20:58 PM

I transferred it to Coinbase because I keep most of my assets there. I had bought some stuff on dharma because they had some things I couldn’t get on Coinbase. I kinda was moving $ back and forth a bit and I just made an honest mistake.

Next time don't use Coinbase because you don't have full control of your wallet so if you made mistake you can not able to recover them back as what they said from the faq. "Coinbase will not be able to recover tokens sent to the wrong address."

You are lucky if they grant your request to recover your token but for me, there is a 10% chance that they can grant your request to send or recover back the token.

Stavello

newbie

Activity: 10

Merit: 2

I am praying. Like I said I acknowledge my mistake wholeheartedly. I found the transaction hash and sent it to them. I am literally in shell shock over this this is too much money for me to lose. Is Coinbase based in the United States? Yes it was a wbtc coin. I will be honest I am so naive I did not even realize that was not a standard bitcoin when I purchased.

Rengga Jati

hero member

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royalstarscasino.com

Quote from: o_e_l_e_o on August 17, 2020, 04:31:57 PM

When you say "WBTC", do you mean Wrapped Bitcoin, the ERC20 token (https://coinmarketcap.com/currencies/wrapped-bitcoin)?

I think yes, this coin is what the OP means, WBTC, an ERC20 token https://wbtc.network/.

I have also checked the exchange of WBTC and Coinbase doesn't list this coin. The only thing that you can do is contact the support. But, I have no idea if this will be back to you or not because this is a self-mistake. Many exchanges or wallet types have always noticed before transferring to be careful and ensure the wallet address and all information before the transaction or transfer. They will not be responsible for any loss because of the user/ mistake.
So sorry about this. But it can be one of the lessons, a big lesson for you to be more careful and check the information before doing something. Moreover, if it is for a newbie. Actually this kind of mistake can be also done by everybody. that is why it can be lesson for all of us here.

Hopefully, you are in luck and you can get the token back.

Stavello

newbie

Activity: 10

Merit: 2

I live in The United States (Minnesota) . I am not sure about kyc but I am going to try to do it now. It’s my day off from work today and like I said I am sick over this and not able to focus on anything else really. Thank you everyone for your comments. My friend works in crypto as an in-house counsel at a place and if they try to deny me I may tell him about it. I admit I made a mistake and it’s my fault but $12000 dollars I can not lose that over it.

Topic: Need advice/ sent a crypto to wrong address on Coinbase. (Read 279 times)