How do I know if my token is ERC20 or BEP20?

ERC20 is a technical standard for tokens issued on the Ethereum blockchain.

If you open your Quidax app, you’ll find that a lot of coins are BEP20 tokens, while some are also ERC20 . 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.

For example, Ethereum and all ERC20 tokens built on the Ethereum network have a wallet address that starts with 0x (zero-x), includes numbers, upper-case and lower-case letters, and are 42 characters long . Alternatively, a Bitcoin address starts with the number 1 or 3.

To view your ETH or ERC-20 address, navigate and select the Deposit Ether Directly tab . Then click on View Account to see and copy your address.