If you have sent your crypto to the wrong blockchain, it’s essential to figure out the type of wallet you sent them to. Technically, that will depend on which token standard you are using, such as ERC-20, BEP-20, or BEP-2.

In short, you should choose the same network as the one used by the target receiving wallet. Which one do you pick when withdrawing your crypto to another wallet? Even seasoned HODLers are sometimes puzzled about choosing the correct blockchain for their transactions. If you’ve been making withdrawals from Binance, you’ve probably noticed that some coins have different transfer networks available. In this case, contact your wallet’s support team to see if they can help. If your wallet only handles ERC-20 or BEP-20, you will need to import your wallet’s private key into a new wallet that supports both blockchains.ĭepositing to the wrong blockchain in your Binance account, another crypto exchange, or custodial wallet is more tricky to resolve. If the crypto wallet you deposited into supports BEP-20 and ERC-20 tokens, you can send your crypto back to Binance with a few simple steps. It’s easy to confuse BNB Smart Chain ( BEP-20 ) with Ethereum ( ERC-20 ) and send your tokens to the wrong blockchain. Looking to make extra cash? This CD has a 5.When withdrawing or depositing crypto into your Binance account, pay careful attention to the network you choose. This story was originally featured on ĥ side hustles where you may earn over $20,000 per year-all while working from home Meanwhile, stocks climbed ahead of the release of May’s inflation data, a key metric in the Federal Reserve’s decision on whether to continue or pause interest rate hikes later this week. Ripple CEO Brad Garlinghouse said in May that the court fight with the SEC could be over in “weeks not months.”Īlthough it took a hit last week, the overall crypto market cap was up 0.14% over the past day as it struggled to retain its trillion dollar asset class designation, according to CoinMarketCap.

The Ripple lawsuit has become a rallying cry for much of the crypto space that's lent support and tried to help the company prevail over the SEC. The SEC in 2020 claimed XRP was a security and charged Ripple and two of its executives with conducting a $1.3 billion offering of unregistered securities. Ripple is entangled in its own lawsuit with the SEC that's dragged on for 2 1/2 years but may conclude soon. The University of Toronto is the largest in Canada, and its participation is a boon for Ripple, which also has partnered with two other Canadian universities, according to CoinDesk. In 2018, the company said it would invest $50 million in universities to advance research and development related to the blockchain. Others, such as Cardano, Solana, and Polygon, were mentioned and experienced price slumps, as did most of the overall market.Īnother factor boosting XRP is the University of Toronto’s announcement that it plans to start an independent XRP ledger validator through Ripple's University Blockchain Research Initiative. XRP was not named among the cryptocurrencies listed as securities in the SEC's lawsuits against Coinbase and Binance last week. Last week, as some of the most popular investment products tracking cryptocurrencies diverted millions of dollars from Bitcoin and Ethereum, XRP saw inflows of about half-a-million dollars, according to a report by CoinShares.

Over the past seven days, XRP has fared better than the top two cryptocurrencies, down 3% compared with 3.4% and 6.9%, respectively, for Bitcoin and Ether. Bitcoin’s minuscule 0.25% gain and Ether’s loss of 0.42%.

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