What is BEP20?

BEP20 is a Binance token standard which allows users to deploy fungible tokens or cryptocurrencies on BSC . More specifically, leading crypto assets on other chains can be transferred to the Binance smart chain in the form of pegged BEP20 tokens. Creating a token on the bsc platform is surpassingly easy.

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Is BEP20 the same as ERC20?

BEP-20 Token Standard BEP-20 was created as an extension of the ERC-20 and, therefore, inherits all the ERC20 features . BEP-20 is the primary token standard for the Binance Smart Chain, i.e. all tokens on the BSC are automatically based on the BEP-20 standard.

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