Post
Topic
Board Bitcoin Technical Support
Re: Sent BTC: Binance to Trezor- Completed status however no coins
by
Charles-Tim
on 18/12/2021, 14:51:33 UTC
Few days later Binance sent a notification to the sender advising them that they sent the BTC on the wrong network and Binance cannot recover the coins.
There are 4 networks you can send bitcoin to on binance:

The bitcoin
ERC20
Binance Smart Chain, BSC (BEP20)
Binance Chain (BEP2)

But know that the 'bitcoin chain' is the original, all others are not actually bitcoin because they are not using bitcoin blockchain but just pegged with bitcoin.

Which one of the four did you send the coin to?

On binance, I hope the sender clicked on wallet -> spot -> and on a 'book-like with a clock' icon at the upper right side that will take you to the history -> then clicking on withdrawal. The withdrawal transaction history will be seen and the txid and the address involved can be seen there. Check is the address is correct with yours.

If you send to the right address that you owned. You will still be able to recover back you fund. But you will have to use a wallet that is compatible with the chain used to connect to Trezor if not appearing.

I will advice you to send directly to bitcoin addresses next time (addresses that start from 1, 3 or bc1) directly instead of others that are not actually bitcoin chain. I wonder why binance but BEP20 and BEP20 above Bitcoin Chain.