[Notice] Issue with Deposits from Coinbase using ERC20

2 min readAug 22, 2022


Dear ICONFi users,

The ICONFi customer service team is giving this notice to the users who try to make deposits from Coinbase to ICONFi using the ERC20 network.

The ICONFi IT team assumes that Coinbase may have changed its withdrawal protocol to using its own Smart Contract, currently making the ICONFi system not be able to recognize the deposits from Coinbase using the ERC20 network. The deposits are successfully made and users can check out the transaction at the Etherscan, but the deposits are not showing up on the ICONFi app.

To address this issue, the ICONFi IT team is updating the app in order to implement the system recognizing the transactions from Coinbase to ICONFi — but until the update is completed, the CS team would have to request the users to give a notice via Email or Discord support ticket to the CS team so that the user deposits can be applied to the ICONFi app as soon as possible.

Support Email: support@icon-fi.com
ICONFi Discord: https://discord.com/invite/YdWsjaW8Eh

We are very sorry for the inconveniences and trying the best to address the issue with Coinbase smart contract as soon as possible — there will be another announcement after completing the update.

The entire team appreciates your support and using the ICONFi app.

Thank you.


If you have any questions or feedback, please open a ticket at #support channel on https://discord.gg/YdWsjaW8Eh.

About ICONFi

ICONFi is a digital asset savings platform that provides simple and intuitive earn products so that anyone can easily multiply crypto assets. ICONFi aims to simplify the complicated processes often associated with crypto assets and offers a sleek, straightforward user interface which supports saving, staking and airdrop activities at the palm of your hand.

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A new crypto staking and earn service for the ICON community.