When transferring purchased cryptocurrencies to another exchange or wallet, you must select the same "chain" to complete the transaction. Different cryptocurrencies operate on distinct blockchain networks, each with unique architectures, formats, and wallet addresses.
For example:
Bitcoin (BTC), Ethereum (ETH), and Tron (TRX) are separate blockchain networks. Below are example addresses for reference:
- BTC Address:
3GFJiRAWrrpTvXm2GGGczzQhNn7rLSBFYW - ETH Address:
0x1D582Da5fF68d7Ba6E7935A8418c936d99436086 - Tron Address:
TQXvwyrsHQd73L8q1Pckn6jiyKAer1HfQN
- BTC Address:
💡 Think of it like international bank transfers—each country has unique address formats. Sending funds to the wrong network may result in irreversible losses due to blockchain’s decentralized nature.
Tokens like Uniswap (UNI), Chainlink (LINK), and Aave (AAVE) are built on the Ethereum network, so they share the same ETH address above.
💡 Similar to banks within one country: while addresses differ, they all accept the same national currency.
Common Blockchain Networks
- Bitcoin (BTC)
- Binance Smart Chain (BEP20/BSC)
- Ethereum (ERC20)
- Solana
- Tron (TRC20)
FAQs
Q1: Can I use a Bitcoin address to receive Ethereum?
No. Each cryptocurrency requires its corresponding network address.
Q2: What happens if I send tokens to the wrong network?
Funds may be permanently lost unless the receiving platform supports cross-chain recovery (rare).
Q3: Are fees the same across all networks?
No—transaction fees vary by network congestion and design (e.g., ETH gas fees vs. TRON’s low-cost model).
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Q4: How do I verify my wallet address before sending?
Always double-check the first and last 4 characters and perform a small test transaction first.
Q5: Can I store ERC20 tokens in a Bitcoin wallet?
No. ERC20 tokens require an Ethereum-compatible wallet.
Q6: Which network is fastest for transfers?
Solana and Tron typically offer faster confirmations than Bitcoin or Ethereum.