What is ERC20 network in Binance?

If the crypto wallet you deposited into supports BEP-20 and ERC-20 tokens, you can send your crypto back to Binance with a few simple steps . If your wallet only handles ERC-20 or BEP-20, you will need to import your wallet’s private key into a new wallet that supports both blockchains.

Binance.US will handle all technical requirements involved for all users holding ETH and other ERC-20 tokens in their Binance.US accounts. The Ethereum (ETH) network upgrade and hard fork will not result in new tokens being created.

Open the Ethereum app on your Ledger device by navigating to the Ethereum icon and pressing both buttons simultaneously . You should now be able to see your BSC address with your ETH/ERC20 in your MetaMask Ledger account.

ERC-20 is a technical standard used to issue and implement tokens on the Ethereum blockchain . It was proposed in November 2015 by Ethereum developer Fabian Vogelsteller. The standard describes a common set of rules that should be followed for a token to function properly within the Ethereum ecosystem.