Before you send a token, you need to know a few important things:
- Does the receiving wallet support the token you are sending?
- Does the crypto exchange support the token and its specific blockchain?
- Are you sending a wrapped/pegged token?
Why is it important to know these?
- Blockchain transactions are irreversible
- The receiving wallet might not be able to show the crypto you have sent
- Your crypto could be lost forever
Wrapped / Pegged Tokens?
There is a thing called Wrapped Tokens, which is simply defined as a tokenized version of another crypto. It is further explained on this article: What are Wrapped Tokens?
What happens if I send these wrapped tokens to a wallet/exchange that does not support it?
- Your crypto will be lost forever.
- The Trust Wallet team cannot help you recover them.
- The receiver cannot help you either.
How to identify these wrapped/pegged tokens?
Read the following articles: