Introduce
In this article, we will explain what the BEP-20 token standard is and show you how to withdraw BEP-20 tokens to save you both time and money. At the same time, we also share a list of exchanges that support direct withdrawal of BEP-20 tokens.
What is BEP-20?
BEP-20 is a token standard on Binance Smart Chain, expanded with two other standards, ERC-20 and BEP-2 tokens. This standard helps supplement tokens with the function of moving between different blockchain chains. and many more applications.
With the BEP-20 standard, you can:
Use tokens compatible with many different blockchains.
Append tokens from other blockchains and create them on BSC (e.g. create Bitcoin on BSC as BTCB).
Swap BEP-2 tokens for BEP-20 equivalent tokens (exchange BNB from BEP-2 to BEP-20).
Enjoy transaction fees of only $0.05 and block times of only 3 seconds.
For a more detailed look at the BEP-20 standard, check out its draft on Github.
Withdrawals of BEP-20 tokens
There are dozens of exchanges that support withdrawals of BEP-20 to BSC-compatible wallets, eliminating the need to manually convert your BEP-2 tokens to BEP-20. By withdrawing BEP-20 tokens directly, you save both time and money (fees), as you completely skip the step of converting your tokens to BEP-20.
Withdraw BEP-20 tokens on Binance.com
To make it easier to understand, we will explain the process of withdrawing BNB from Binance.com to Trust Wallet. However, the withdrawal process will be very similar across all cryptocurrency exchanges and wallets.
Before starting, you should go to your Trust Wallet (or any other BSC compatible wallet) and get the BSC receiving address. This is very simple, as all you need to do is open your wallet, select Smart Chain and click Get. The address will appear on the screen. Save this address for later, as you will need it in step 3 of the following instructions.
1. Đăng nhập vào tài khoản Binance của bạn. Ở góc trên cùng bên phải, chọn Ví và nhấp vào Tổng quan.
2. Trong Tổng quan về Ví của bạn, nhấp vào Rút tiền ở góc trên cùng bên phải.
3. Once you are in the withdrawal menu, select the coin you want to withdraw (in our case, BNB). Enter withdrawal address (taken from Trust Wallet). Select Binance Smart Chain as the transfer network and enter the amount you want to withdraw.
4. Sau khi chọn Binance Smart Chain làm mạng chuyển, một màn hình bật lên sẽ xuất hiện để kiểm tra kiến thức BSC của bạn và xác nhận rằng bạn hiểu những gì mình đang làm. Khi đã hoàn tất, bấm Submit (Gửi đi).
5. The next steps will be the same as with any other withdrawal. A confirmation screen will appear to inform you of the conversion rate, fees, and allow you to review the transaction in detail again.
6. Once confirmed, you will be asked to enter your verification code to approve the withdrawal.
Your transaction will be processed soon. The amount will appear in your Trust Wallet balance (in Smart Chain) within a few minutes, after you receive the withdrawal confirmation email. Once your funds arrive, Trust Wallet will send you a notification about the successful deposit of your BEP-20 BNB tokens.
By following these steps, you do not need to manually convert BEP-2 to BEP-20. From there, you will save time and costs. Once you receive a deposit to your Trust Wallet, you are free to interact with any dApp or BSC project without further delay.
Explore the Trust Wallet dApp Browser to experience the unlimited possibilities of the BSC ecosystem.
Exchanges that support withdrawal of BEP-20 tokens
The exchanges listed below all support direct BEP-20 withdrawals, thereby making participating in the BSC Ecosystem easier than ever.
AscendEX (BitMax)
Bigone
Holiday
Binance TR (Turkey)
BitFirst (Anguilla)
Bithumb Global / Korea
Bitmart
Bitwell
BKEX
Bono Exchange (Korea)
Cryptomall (Estonia)
And Investment (UAE)
Distributed Ledger Inc (Mỹ & Mexico)
Gate.io
Gooplex (Brazil)
HitBTC
That
Hotbit
Mandala (Estonia)
MtPelerin (Switzerland)
MXC
Paronex (Türkiye)
TBCC (Nga)
Tokocrypto (Indonesia)
Zencex (Liechtenstein)