When depositing or withdrawing cryptocurrencies, selecting the right network is crucial to ensure safe and successful transactions. Here’s a comprehensive guide to help you navigate this process seamlessly.
Why Network Selection Matters
Choosing the wrong network can result in permanent loss of assets. Always opt for the native network of the cryptocurrency you’re handling. For example:
- ETH or ERC20 tokens: Use the Ethereum network.
- OKT or KIP20 tokens: Use the OKC network.
- BNB or BEP20 tokens: Use the BSC network.
Two Methods to Select the Correct Network
Method 1: Search by Coin Name
- On the homepage, click Receive.
- Search for the coin name.
- If the coin is multi-chain, select the desired network before proceeding.
👉 Learn more about multi-chain assets
Method 2: Add a Custom Coin
- Navigate to Coin Management and select Add Custom Coin.
- Find the coin’s contract address and network on platforms like CoinGecko.
- Paste the contract address into your Web3 wallet and confirm the network.
Pro Tips to Avoid Mistakes
- Double-check the network before confirming any transaction.
Keep enough native tokens in your wallet for gas fees. For example:
- OKC: OKT
- Ethereum: ETH
- BSC: BNB
- Tron: TRX
- Solana: SOL
👉 Troubleshooting failed transactions
FAQs
What happens if I send tokens via the wrong network?
Your assets may become irrecoverable. Always verify the network match for both sender and receiver.
How do I find a token’s contract address?
Use blockchain explorers like Etherscan for Ethereum or BscScan for BSC, or check listings on CoinGecko.
Can I recover tokens sent to the wrong network?
Recovery is rare and often impossible. Exchanges may assist, but success isn’t guaranteed.
Final Reminder
Network errors are among the top causes of crypto asset loss. Stay vigilant, and when in doubt, consult official resources or community support channels.