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I sent 1 ETH to an ICO today without reading instructions. I sent it from my Coinbase account, so the ERC-20 cannot be retrieved on my end without Coinbase being super cool and sending them to me.

Question:

it is showing up as TX Receipt Fail and Value (Cancelled). Is there a chance it will show. Sick up into my Coinbase wallet so I can do this properly?
Thank you for your help in advanced.

Link to tx overview at Etherscan

TX Receipt Failed, Value cancelled?

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  • etherscan.io/tx/…
    – Chase Michael
    Commented Dec 22, 2017 at 5:40
  • I had the exact same problem and reported it to coinbase a month ago. I still have not received an answer. Should I give up hope?
    – Jonas Haahr
    Commented Jan 18, 2018 at 17:57

1 Answer 1

Reset to default
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If the transaction failed then you will not lose the 1 ether value, the only cost is the fee (0.00084184 Ether in this case).

You should NOT use your coinbase account (or any other exchange for that matter) to interact with smart contracts. Coinbase may not hold a separate account with your funds in, they are likely pooled together in an account with many other people (much like a regular bank).

You should first send the ether to a wallet outside of a coinbase, then interact with the ICO smart contract. Here is a link with a decent enough tutorial for this.

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    Thank you, I've learned the hard way. But lesson learned. I really appreciate your feedback.
    – Chase Michael
    Commented Dec 23, 2017 at 22:14

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