Coinbase doesn’t currently support Binance Chain (BEP-2) because it’s a separate blockchain that isn’t integrated with our platform. BEP-2 is a blockchain created by Binance specifically for their customers to send assets more quickly.
Read moreWhat is 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 moreWhat is the difference between Shib ERC-20 and BEP20?
Originally Answered: What is the main difference between ERC20 and BEP20? BEP20 is tokens run on the binance chain while ERC20 tokens are run on the ethereum chain . Both function and operate very similar infact binance tokens were initially released as an ERC token using the ether chain.
Read moreWhat is BEP2 BEP20?
???? BEP2 is a Binance Coin (BNB) token standard for the Binance cryptocurrency exchange platform. ???? BEP20 is a Binance Coin (BNB) token standard for interacting with DApps on the Binance Smart Chain (BSC). ???? The difference between BEP2 and BEP20 lies in the usage of these two formats within the Binance ecosystem.
Read moreIs Shiba Inu BEP20 same as ERC-20?
It is an ERC-20 token that can be used on the Ethereum network. Shiba Inu cryptocurrency is housed on the Ethereum blockchain and is quickly becoming one of the top 50 fastest-growing cryptocurrencies in the world.
Read moreIs SHIB on BEP20?
You may be thinking of depositing SHIB into ShibaSwap to stake SHIB on the platform. However, ShibaSwap only supports the ERC20 version of SHIB, and not the BEP20 version ! When you are staking SHIB on ShibaSwap, you may want to consider the high transaction fees that you’ll incur!
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