Introduction
In this article, we'll explain what BEP-20 tokens are, show you how to withdraw BEP-20 tokens to save time and fees, and then share a list of exchanges that support direct withdrawals of BEP-20.
What is “BEP-20”?
BEP-20 is a token standard on Binance Smart Chain that extends the ERC-20 and BEP-2 tokens, providing additional features that allow you to move your tokens between different blockchains and more.
With the BEP-20 standard, you can:
Use compatible tokens on different blockchains.
Transfer tokens to other blockchains and make them available on BSC (for example, the token representing Bitcoin on BSC, under the name BTCB).
Swap BEP-2 tokens for BEP-20 equivalents (BNB: BEP-2 to BEP-20).
Enjoy transaction fees of just $0.05 and a block duration of 3 seconds.
For a more detailed look at the BEP-20 standard, see the initial version of the proposal on Github.
How to withdraw BEP-20 tokens
Dozens of exchanges support BEP-20 withdrawals to BSC-enabled 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), because you skip the step entirely where you need to convert your tokens to BEP-20.
Withdrawal of BEP-20 tokens on Binance.com
As part of this article, we will explain the process of withdrawing BNB from Binance.com to Trust Wallet. However, the withdrawal process is very similar for all cryptocurrency exchanges and wallets.
Before you begin, you need to go to your Trust Wallet (or any other BSC compatible wallet) and get the recipient's BSC address. It's very simple, as you just need to open your wallet, select Smart Chain and click Receive. The address will appear on the screen. Save this address for later, as you will need it in step 3 of the guide below.
1. Log in to your Binance account. In the upper right corner, select Wallet and click Overview.
2. In your wallet overview, click Withdraw in the upper right corner.
3. Once in the withdrawal menu, select the currency you want to withdraw (BNB in our case), enter the withdrawal address (obtained from Trust Wallet), select Binance Smart Chain as the transfer network, then enter the amount you wish to withdraw.
4. After selecting Binance Smart Chain as your transfer network, a pop-up screen will appear to test your knowledge of BSC and to confirm that you understand what you are doing. Once the test is successful, click Submit.
5. The following steps are the same as for any other withdrawal. A confirmation screen will appear informing you of the conversion rate and fees, it will also allow you to check the transaction details again.
6. Once confirmed, you will be asked to enter your verification code to approve the withdrawal.
Your transaction will be processed shortly. The money should appear in your Trust Wallet balance (under Smart Chain) within a few minutes of receiving the withdrawal confirmation email. Once your funds arrive, Trust Wallet will send you a notification regarding a successful deposit of your BEP-20 BNB tokens.
By following these steps, you no longer need to manually convert BEP-2 to BEP-20 and save time and money on fees. Once you receive the deposit on Trust Wallet, you are free to interact with any BSC application or project without further delay.
Explore Trust Wallet's dApp browser to discover the limitless possibilities of the BSC ecosystem.
Exchanges supporting BEP-20 withdrawals
The exchanges listed below support direct BEP-20 withdrawals, making participating in the BSC ecosystem easier than ever.
AscendEX (BitMax)
Bigone
Holiday
Binance TR (Türkiye)
BitFirst (Anguilla)
Bithumb Global/Korea
Bitmart
Bitwell
BKEX
Bono Exchange (Korea)
Cryptomall (Estonia)
Dan Investment (UAE)
Distributed Ledger Inc (United States and Mexico)
gate.io
Gooplex (Brazil)
HitBTC
That
Hotbit
Mandala (Estonia)
MtPelerin (Switzerland)
MXC
Paronex (Türkiye)
TBCC (Russia)
Tokocrypto (Indonesia)
Zencex (Liechtenstein)