How to recover coins/tokens when transferred to bad network
The content of the article was inspired after a CryptoViet admin helped a member to get 631 CELO back when that person withdrew coins from the Binance exchange, but failed to realize that the Binance exchange does not only accept withdrawal fees to the main network of CELO Supports, not the Binance Smart Network. Rope (BSC).
In this article, we will show you how to recover your coins or tokens if you transfer the wrong wallet.
Note that you can only recover your coins or tokens if the wrong network has transferred to your wallet. However, there is no way to recover coins if they are accidentally transferred to a wallet from an exchange or an unknown wallet. If you accidentally transfer the network to the exchange wallet, you can contact the exchange support team to restore it. Some exchanges offer free support, while others charge a part fee for the technical team to respond to these requests. And if you switch to an unknown wallet, you will lose 100%, so there is no way to get it back.
If you withdraw coins or transfer them to the wrong network, remember that you still have 12 wallet recovery tokens, which are called mnemonics. If you no longer hold or sign incorrectly, there is no way to get your property back.
Let’s assume the case above where the person withdrew to CELO wallet address but mistakenly withdrew to BSC/HECO/Ethereum/Avalanche C-Chain/Polygon/Fantom/or Wallet format 0x…..then you can do the following.
Use the toolbox Mnemonic code converter Belongs to something iancolman to extract the private key from a 12-digit mnemonic cluster wallet. Online version available here: https://iancoleman.io/bip39/
Before using it online, please note that iancoleman also provides a decoder at https://github.com/iancoleman/bip39/releases/latest/ which can be used offline. You should know that using it online is dangerous because hackers can manipulate the https://iancoleman.io/bip39/ homepage to steal your 12 character phrase.
If you ignore the risks above, you can still use it.
On the phone “Generate random mnemonic” You can set it to 12 if you are using a 12 character recovery set. Some wallets allow use of 24 recovery characters, choose 24.
Then you enter your 12 characters in the line “BIP39 mnemonic”.
The BIP39 Passphrase field (optional) is an optional advanced passphrase feature, also known as password number 13 or 25. Some wallets such as MyEtherWallet or Safepal have added this feature, usually referred to as additional password or additional passphrase. Many people who know about Safepal wallets don’t notice or understand it, so they think it’s the wallet password. When these 12 characters are combined with additional characters, a new portfolio is created. When these people get a 12 character wallet, they go to another wallet and say that the Safepal wallet has been hacked. Through this article, CryptoViet also adds this knowledge to you. If you don’t use the advanced keywords tool, skip this paragraph.
After you enter 12 characters, the decoder will send you all 12 character wallet addresses. You can see why there are so many wallets. I just explained that this is an HD wallet, the full address of this wallet is yours, you can send coins to any of the wallets. If you want to learn more about the HD wallet, you can refer here.
You will see the path section m/44’/60’/0’/0/0. When recovering your wallet, you usually use wallet address 0. on some wallets after that. Everything is in the order shown here.
After identifying the wallet, you transferred the wrong coins. You will get the private key of this wallet. Once you have this private key, you can easily restore ownership. Also, remember not to tell anyone.
Coins or tokens often have their own wallet software which can be downloaded from the homepage. In the case of the members in this article, I use the Coin98 wallet to make withdrawals because it supports the CELO network.
Suppose the private key I received in the first wallet (0xc454A8C1d89b92c1EbD8A8AD15eE8d9AE4110Fab) Becomes 0xfbcb368d8ac0b50cc9efac8c4490c2ea8b7335721d9cabde59f3472ab00227de
I only need to select the CELO network in the Coin98 wallet then click restore.
Then enter the private key and choose the correct path as it follows the standard m/44’/60’/0’/0/0 decoded by iancoleman.
This is how I managed to access the CELO wallet.
I hope that thanks to this article you now know how to get coins from other networks by decrypting and accessing assets from other networks. If you have any questions, please post on https://cryptoviet.com/go/cryptoviet so the admin can help you.
ALARM: Investing in financial products involves a lot of risk and may not be suitable for all investors. Therefore, please think carefully and check yourself before you decide to link to this website. CryptoViet.com.