A video which walks through how to recover if you have withdrawn Bitcoin (or any crypto) using either the Binance pegged ERC20 tokens or the Binance Smart Chain (BEP20 tokens) to your Ethereum Address. Covers how to do this with MyEtherWallet and Metamask as well as what to do if you are a hardware wallet user (Ledger Nano, Trezor, Keepkey) as well as what to do if you are using a software wallet that doesn't support the Binance Smart Chain. These kinds of wrapped Bitcoin are also quite dangerous in that if you send them to an exchange (or smart smart contract that doesn't support them, they cannot be recovered) Simply put, if you are just trying to save on transaction fees, this is a really dangerous way to do that.
This video us also useful for those who want to setup and use their hardware wallet (or metamask) with the binance smart chain.
Websites Used:
Etherscan: you want a consultation or assisted recovery: your hardware wallet doesn't support this, then a Ledger Nano Sis a cheap and secure way to do this: Get a Ledger: Intro
01:15 Outline of Recoveries demonstrated
01:45 Locating the funds on Etherscan (ERC20)
02:30 Locating the funds on the bscscan (BEP20)
03:33 Recovering the custom ERC20 token via MyEtherWallet
06:05 Using MyEtherWallet with the Binance Smart Chain
10:00 Using Metamask with Binance Smart Chain
14:15 Closing Remarks
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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.
For your first purcahse, just stick with CoinBase: Trading, just start with Binance: sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)
Don't have a hardware wallet?
Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)
Get a Ledger: you are just starting out, I would just recommend a Ledger Nano S)
If this was helpful, feel free to send me a tip:
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LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6
ETH: 0x14b2E26021d0Ce8E2cE6a2Eb6E2690714bB18E17
VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n
ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7
#bitcoin #btc #ethereum #eth #cryptocurrency #crypto #ledger #trezor #security
Recommended Reading >> bit.ly/32kRpzw
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