Many new users face the challenge of incorrect deposits on Binance. While it may seem stressful, there’s a good chance you can recover your coins with Binance's support. This guide explains how to deal with this issue and avoid it in the future.

🔑 What is a Wallet Address?

Each Binance account has a set of wallet addresses managed by the exchange. When depositing, the address shown in your Binance account is linked to a wallet controlled by Binance. Any coins sent to this address are credited to your Binance account.

But what if:

🔹You deposit an unsupported coin?

🔹You use the wrong network?

In such cases, follow these steps to recover your funds.

🚨 How to Recover a Wrong Transfer

1️⃣ Collect Transaction Details

Before submitting a recovery request, gather the following information:

🔹Currency name

🔹Amount transferred

🔹Sender wallet address

🔹Your Binance wallet address

🔹Transaction ID (TxID)

2️⃣ Submit a Recovery Request

Visit Binance’s Support Center and locate the coin recovery form.

Provide the collected details and describe the situation clearly.

📝 Incorrect Transfer Scenarios

1️⃣ Transfer Without Memo

For some coins (e.g., XRP, XLM), a Memo or Tag is required during deposits.

🔹Processing Time: 2-3 days

🔹Fees: Network fees only

2️⃣ Unsupported Coin on Binance

If you transferred an unsupported coin using a supported network (e.g., BSC, ETH):

🔹Processing Time: Up to 30 business days

🔹Fees: 200 USDT

3️⃣ Coin Removed from Binance

If the coin has been delisted but was previously supported:

🔹Processing Time: 5 days

🔹Fees: Network fees

🔍 Prevention Tips

✅ Double-check the deposit network and wallet address before transferring.

✅ Always include required Memos or Tags.

✅ Start with a small test transfer to ensure accuracy.

⚠️ Disclaimer

🔹Binance cannot guarantee fund recovery in all cases.

🔹Refunds may take time and incur fees.

🔹Always exercise caution when transferring cryptocurrencies.

🔹Mistakes happen, but with Binance’s tools and support, recovery is often possible. Stay vigilant, and if you face any issues, act quickly!

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