Unsupported Crypto Recovery

Can I recover unsupported ERC20 cryptos sent to Coinbase? 

When a previously unsupported ERC20 cryptocurrency becomes available on Coinbase, those funds will automatically be accessible in your Coinbase.com account. In the meantime, we are continuing to add support for more cryptocurrencies on our platform. 

Why am I able to send unsupported crypto to Coinbase?

The ERC20 protocol does not allow Coinbase to reject unsupported ERC20 deposits, and other exchanges or wallets are not able to determine if we support a specific cryptocurrency. As a reminder, please remember to verify that you are sending to the correct Ethereum address when depositing ERC20 cryptocurrencies. 

Please visit our Supported Cryptocurrencies help article before sending crypto to Coinbase.  

Why can't Coinbase send these funds back to me automatically? 

The Ethereum blockchain prevents transfers from being reversed and does not require the receiver to accept the transfer. If the funds were sent from another exchange, this makes it difficult to make sure that the deposit will return to the original sender. For these reasons, we cannot automatically return unsupported ERC20 deposits that are sent to Coinbase.

I sent BEP20 tokens to my Coinbase Ethereum address. How do I recover those funds?

BEP20 tokens have a similar address format as Ethereum and share the same properties of the ERC20 standard, however, they are not the same. BEP20 tokens are on a separate network, which Coinbase currently does not support. 

I sent ERC20 tokens on an Ethereum-compatible Layer 2 sidechain to Coinbase. How do I recover those funds? 

Assets on Ethereum-compatible Layer 2 sidechains have similar address formats as Ethereum and support similar Ethereum assets, but they are different. For example, Layer 2 sidechains run alongside the Ethereum main cabin but not directly on the Ethereum blockchain like ERC20 cryptocurrencies. At this time, Coinbase does not support and cannot recover any tokens sent on Ethereum-compatible Layer 2 sidechains.

Was this article helpful?

Can’t find what you’re looking for?

Contact us