Post
Topic
Board Bitcoin Discussion
Re: I Lost Funds When Transferring To Coinbase Because Of Wrong Network
by
Saint-loup
on 12/10/2024, 20:55:06 UTC
I transferred $500 worth of BTC from Coinbase to an online casino. No problems.
After several weeks of gambling, with a $48 profit, I withdrew the funds into my Coinbase BTC account.
I received a Warning notice from Coinbase saying that I need to use the correct network or I could lose my funds.
However, there were no options available when I made the transfer.
It's been several days, and all the money has been withdrawn from my online casino account, but I didn't receive it in my Coinbase account.

I've never experienced this before. Is this new?

https://postimg.cc/JtvgzRVJ
Exchanges like to apply those rules because they can earn money rather easily from that. But since it's the same adress, they are able to access to the funds on the other network very easily.