Introduction
In this article, we will explain what the BEP-20 token standard is. We will show you how to withdraw BEP-20 tokens to save time and fees and share a list of exchanges that support direct withdrawals of BEP-20 tokens.
What is BEP-20?
BEP-20 is a Binance Smart Chain token standard that extends to ERC-20 and BEP-2 tokens, providing additional functionality that allows you to move tokens between different blockchains and more.
With the BEP-20 you can:
Use compatible tokens on different blockchains.
Pegging tokens from other blockchains and making them available on BSC (i.e. pegged Bitcoin on BSC as BTCB).
Exchange BEP-2 tokens to their BEP-20 equivalents (such as BNB BEP-2 to BNB BEP-20).
Enjoy transaction fees of just $0.05 and 3 second block time.
For more details on the BEP-20 standard, check out the Github proposal document.
How to withdraw BEP-20 tokens
Dozens of exchanges support BEP-20 withdrawals 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 time and money (fees), as you completely skip the step in which you would need to convert your tokens to the BEP-20 standard.
How to withdraw BEP-20 tokens on Binance.com
In 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 other cryptocurrency exchanges and wallets.
Before you begin, you must access your Trust Wallet (or any other BSC-compatible wallet) and obtain the BSC receiving address. It's very simple. All you need to do is open your wallet, select Smart Chain and click Receive. The address will be displayed on the screen. Save the address for later as you will need it in step 3 of the next guide.
1. Entre em sua conta da Binance.com. No canto superior direito, selecione Carteira e clique em Visão Geral.
2. Na página Visão Geral da sua Carteira, clique em Retirada no canto superior direito.
3. In the withdrawal menu, select the currency you wish to withdraw (BNB in our case), enter the withdrawal address (obtained from Trust Wallet), select Binance Smart Chain as the transfer network and enter the amount you wish to withdraw.
4. Depois de selecionar a Binance Smart Chain como rede de transferência, você verá uma nova janela (pop-up) que serve para testar seus conhecimentos sobre a BSC e confirmar que você entendeu o que está fazendo. Após passar no teste, clique em Enviar.
5. The next steps are the same as any other withdrawal process. A confirmation window will appear to inform you of the conversion rate, fees and to allow you to check the transaction details again.
6. After confirmation, you must enter your verification code to approve the withdrawal operation.
Your transaction will be processed shortly. Funds should appear in your Trust Wallet balance (on Smart Chain) within a few minutes of receiving the withdrawal confirmation email. Once funds are credited, Trust Wallet will send you a notification about the successful deposit of your BNB BEP-20 tokens.
By following these steps, you eliminate the need to manually convert the BEP-2 token to BEP-20 and save time and money on fees. Once you receive the deposit to your Trust Wallet, you are free to interact with any dApp or BSC project.
Try Trust Wallet dApp Browser and explore the limitless possibilities of the BSC ecosystem.
Brokers supporting BEP-20 withdrawals
The list of brokers below has direct support for BEP-20 withdrawals, making it even easier for users to participate in the BSC Ecosystem.
AscendEX (BitMax)
Bigone
Holiday
Binance TR (Türkiye)
BitFirst (Anguilla)
Bithumb Global/Korea
Bitmart
Bitwell
BKEX
Bono Exchange (Korea)
Cryptomall (Estonia)
Dan Investment (United Arab Emirates)
Distributed Ledger Inc (USA and Mexico)
Gate.io
Gooplex (Brazil)
HitBTC
That
Hotbit
Mandala (Estonia)
MtPelerin (Switzerland)
MXC
Paronex (Türkiye)
TBCC (Russia)
Tokocrypto (Indonesia)
Zencex (Liechtenstein)