Binance Opens BEP2 and BEP20 (Binance Smart Chain) Withdrawals and Deposits for Multiple Assets. Please note: BEP2 represents a token standard on Binance Chain, while BEP20 represents a token standard on Binance Smart Chain. Please ensure that you do not input an ERC20 address as a BEP20 withdrawal address .10 Eyl 2020
Read moreWhat is BEP20 network?
BEP-20 is a token standard on Binance Smart Chain that extends ERC-20, the most common Ethereum token standard . You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage.
Read moreWhat is the difference between ERC-20 and BEP20?
The primary difference between both chains is in gas fees . When you make a transaction using an ERC20 token, you pay gas fees in Ethereum. But, if you’re transacting with a BEP20 token, your gas fees are paid in BNB.
Read moreIs BNB a BEP2 token?
The native asset of Binance Chain is BNB , which is used to pay for fees (similar to gas). This means that when you’d like to transfer your BEP-2 tokens, you’ll also need to have a small amount of BNB in your wallet.
Read moreIs BNB BEP2 or BSC?
Crypto.com allows you to deposit or withdraw BNB using 2 networks: BNB and BSC. BNB actually refers to the Binance Chain (BEP2) , while the BSC refers to the Binance Smart Chain (BEP20).
Read moreCan I send BNB BEP2 to BEP20?
Swapping your BEP2 to BEP20 Swap the network back to “Binance Chain Network” and click on “Send”. Select the BEP2 asset you would like to send. Paste the BSC address that you copied above into the address field “Address” field.
Read moreHow do I add a smart chain to my Trust Wallet?
How to Connect to Binance Smart Chain in Trust Wallet on an Android
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