The most common mistakes — Deposit to a wrong address

For example, when you send 100GNT to your Ethereum deposit wallet, then the transaction may have been done but the console window of the exchange will be still 0GNT.

Moreover, there are some users who sent coins that are not listed.

The reason for this happening is that exchange organizes each token’s deposit wallet and withdraw wallet separately.

However! It is technically possible to solve the problem when ERC20 tokens are sent to a wrong Ethereum wallet. You can simply send it back to the From address.

But it is a different story in terms of exchanges, because each exchanges have different rules about the case of misleading deposit/withdrawal as below.

Conclusion

There are some exchanges that may send your deposit back and some not.

Even though the exchanges support this problem, there will be some fee(free of charge — $2000).

If the fee is $2,000, It is not worthy to go through this process.

So you should be extremely careful about the address when you send a deposit before you confirm the transaction.

As you can see, it is not pleasant when you type the wrong address.

But most people can not remember their own addresses and if they make a mistake in copy/paste address, it likely happens.

In Planet wallet, there will be no hustling about the address.

You can simply name your planet, do transactions with these names.

Thank you for reading my posting! Then see you again!