Common Scenarios and Solutions for BITOY Cryptocurrency Recharge Errors

Important Notice: Safeguarding Your Digital Assets on BITOY
Dear Users,
When engaging in the recharge and withdrawal of digital currencies, it's crucial to acknowledge the irreversible and anonymous nature of blockchain transactions. Inputting incorrect information can lead to inaccuracies in asset crediting. Please exercise caution to prevent any potential losses.

1. What is an Address?
A cryptocurrency recharge address serves as a unique identifier for receiving funds of a specific cryptocurrency. It consists of alphanumeric characters, distinguishing your account within a particular cryptocurrency network. Different cryptocurrencies have distinct recharge addresses (e.g., BTC, LTC, ETH), emphasizing the need for careful verification during deposit and withdrawal processes.

2. What to Do If You Recharge to the Wrong Address?
Scenario 1: Recharge Amount Below Minimum Deposit
If the recharge amount is below the minimum deposit, consider making another recharge. Once the combined sum exceeds the minimum deposit, both will be credited simultaneously.
Scenario 2: Recharge Using an Unsupported Blockchain Network
Ensure consistency between the sender's and receiver's networks before recharging to prevent issues.
Scenario 3: Recharge of Old Contract-Based Cryptocurrencies
Before recharging, confirm the compatibility of sender and receiver contracts. Contact BITOY's customer service for consultation on token contract addresses.
Scenario 4: Unsupported Currency for BITOY Recharge
BITOY supports listed currencies only. Ensure the intended token is listed before initiating a recharge.
Solution:
In case of an incorrect recharge:
Log in to your BITOY account.
Contact customer service through the Help Center or Telegram community.
Provide necessary information for BITOY to assist in recovery.
Asset Recovery Rules:
Recovery attempts are made to the best of our ability; however, a 100% guarantee cannot be ensured.
Unsupported currencies may result in permanent loss or incur recovery fees.
BITOY aims to assist in recovering assets within 30 working days.
Scenarios Irrecoverable by BITOY:
Scenario 5: Recharging to an Address Not Owned by BITOY
If coins are recharged to an unrelated address, BITOY cannot recover them. We recommend contacting the address owner through alternative means.
Scenario 6: Incorrect Tag for Tagged Coins (Already in Use)
Providing an incorrect tag already in use cannot be processed by the platform. Exercise caution when filling out tags.

3. How to Recover Forgotten/Wrongly Entered Tags (Tag/Memo) for Tagged Coins like XRP?

Refer to: https://support.bitoy.com/hc/en-gb/articles/24747696975257-How-to-recover-XRP-and-other-token-deposits-forgotten-or-wrongly-filled-with-Tag-Memo-

3. How to Avoid Recharging to the Wrong Address?
Before recharging, ensure the correctness of the recharge address. Address formats for the same currency are usually similar. Promptly confirm with both platforms if significant differences are noticed during the recharge.