hello
This picture is proof, and I was telling him that I would cover half the amount
This is far from a sufficient enough agreement even for Sythe's standards.
Back to the originally reported transaction:
-
@Huvudaxlarkna and
@FIRE RSPS GP agreed to a $20 payment for an RSPS GP. [1]
-
@FIRE RSPS GP asked for USDT.
@Huvudaxlarkna replied that he only had BTC.
@FIRE RSPS GP then posted an address with a 0x prefix and a screenshot where is says BTC, BNB Smart Chain (BEP20), and the said address [1]
- This is not a Bitcoin address, and the BNB Smart Chain is not the Bitcoin blockchain. Rather, it is a token representing Bitcoin on a different blockchain.
-
@Huvudaxlarkna used the address but sent a token representing Bitcoin on Base, a third blockchain and L2 on Ethereum.
-
@FIRE RSPS GP uses Binance, as the screenshots show. Binance does not currently support BTC deposits on Base.
- From my research, it appears that Binance can assist with situations like this, but it charges a fee. According to this source, the fee is $200:
https://www.binance.com/en/square/post/1322585.
In order to understand the screenshot displaying Binance Smart Chain that
@FIRE RSPS GP sent to
@Huvudaxlarkna, along with the address, one must be familiar with the different chains. This was certainly not communicated clearly enough by
@FIRE RSPS GP.
@Huvudaxlarkna used the address during the withdrawal process on his exchange, Coinbase, even though it was not a BTC address. He could not send BTC to that address because it is not a BTC address. Not knowing this, he sent what he believed to be BTC but which was actually a token representing BTC on Base, a different blockchain than the one
@FIRE RSPS GP has access to and the one Coinbase supports.
In this case, two people with limited knowledge of the cryptocurrency they use met, while they both use different competing exchanges.
I'm unable to pinpoint who is at fault. Ultimately, I think both
@FIRE RSPS GP and
@Huvudaxlarkna failed, so I will split the liability.
@FIRE RSPS GP should refund half of the lost money, i.e., $10, to @Huvudaxlarkna.
Huvudaxlarkna, please provide FIRE RSPS GP with an address. Make sure it's clear what you're requesting/sending so we don't end up disputing another transaction. see post below
Note: similar situation with a 1/2 split ruling
Secnx