Coinbase Launches Asset Recovery Tool for Unsupported Ethereum-Based Tokens

Coinbase has launched a new tool to help its customers recover more than 4,000 unsupported ERC-20 tokens sent to its ledger.

In the past, if users sent assets not supported by Coinbase to a users' address on the exchange, you’d get a message saying the assets were successfully delivered on-chain, but they didn’t actually go to the receiver’s wallets. Usually, these assets are unrecoverable.

The feature will be rolled out over the next few weeks, but is not available for Japan or Coinbase Prime users. Coinbase said that there's no recovery fee for amounts less than $100, but those worth over $100 will be charged a 5% fee.