So what happens if you accidentally send bStock on the wrong network?
I would definitely panic in that situation 😅 So I decided to find out in advance.
bStocks are BEP-20 tokens that run on BNB Smart Chain. So when withdrawing, for example, $TSLAB to your own wallet, you need to select this specific network. Binance clearly warns: if you send bStocks via a different network, you can lose funds.
But there’s an interesting nuance.
Wrong network ≠ wrong address.
BNB Smart Chain and Ethereum addresses can look the same. That’s why you might think everything is correct, even though the tokens actually went to a different blockchain.
So when I withdraw a bStock from my Binance wallet, before confirming I check:
bStock → address → BNB Smart Chain → compatible wallet.
And if the mistake has already happened, it all depends on exactly where the tokens were sent and whether I have access to that wallet. If it’s my own wallet, recovery may be possible; if it’s someone else’s custodial wallet, then I would have to contact its operator, and the return is not guaranteed.
Now I understand that for bStocks, the network matters just as much as the address itself.
And do you always check the network before sending tokens?
#bstockscis @BinanceCIS
I would definitely panic in that situation 😅 So I decided to find out in advance.
bStocks are BEP-20 tokens that run on BNB Smart Chain. So when withdrawing, for example, $TSLAB to your own wallet, you need to select this specific network. Binance clearly warns: if you send bStocks via a different network, you can lose funds.
But there’s an interesting nuance.
Wrong network ≠ wrong address.
BNB Smart Chain and Ethereum addresses can look the same. That’s why you might think everything is correct, even though the tokens actually went to a different blockchain.
So when I withdraw a bStock from my Binance wallet, before confirming I check:
bStock → address → BNB Smart Chain → compatible wallet.
And if the mistake has already happened, it all depends on exactly where the tokens were sent and whether I have access to that wallet. If it’s my own wallet, recovery may be possible; if it’s someone else’s custodial wallet, then I would have to contact its operator, and the return is not guaranteed.
Now I understand that for bStocks, the network matters just as much as the address itself.
And do you always check the network before sending tokens?
#bstockscis @BinanceCIS