How to Withdraw BEP-20 Tokens from Binance

2023-04-20 10:24

What are BEP-20 tokens?

BEP-20 is a token standard on the BNB Smart Chain (BSC). It extends ERC-20 (Ethereum token standard) and BEP-2 (BNB Beacon Chain standard) tokens.

You can use BEP-20 tokens in several ways, such as:

Move your tokens between different blockchains;
Use compatible tokens on different blockchains;
Peg tokens from other blockchains and make them available on the BNB Chain (e.g., pegged Bitcoin as BTCB);
Swap BEP-2 tokens for BEP-20 equivalents (e.g., BNB from BEP-2 to BEP-20);
Enjoy low transaction fees and an efficient 3-second block time.

You can learn more about BEP-20 from this Academy article.

How to withdraw BEP-20 tokens on Binance?

You can withdraw BEP-20 tokens to any BSC-compatible wallet. Please make sure the exchange or wallet you’re using supports BEP-20 before making a withdrawal, or your assets might be lost and cannot be recovered.

In this example, we’ll withdraw BNB from Binance to Trust Wallet.

1. Log in to your Binance account and go to [Wallet] - [Overview].

2. Click [Withdraw].

3. You’ll be redirected to the [Withdraw Crypto] page. Choose the coin to withdraw.

4. Go to your Trust Wallet and copy the BNB receiving address. Click [Receive] and choose [BNB (Smart Chain)]. You’ll see a QR code and the address. Click to copy it.

5. Paste the address to the [Address] field. The system will automatically select the network as [BSC - BNB Smart Chain (BEP-20)].

6. Enter the BNB amount to withdraw. You can choose to use the funds in your Spot or Funding Wallets. You’ll then see the network fee for this transaction. Click [Withdraw].

7. You’ll be prompted to confirm the network. Click [Confirm] to proceed.

8. Check the withdrawal amount, network fee, address, and network carefully before clicking [Continue].

9. Verify your withdrawal request with your 2FA devices. Once confirmed, your transaction will be processed shortly. The funds should appear in your Trust Wallet balance within a few minutes after receiving a withdrawal confirmation email.

For more details on crypto withdrawals, please refer to How to Withdraw from Binance.