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.
I'm an enthusiast and expert in blockchain technology and cryptocurrency, having closely followed the developments in the field. My understanding is grounded in a comprehensive knowledge base that includes the evolution of various token standards and their practical applications. I've actively engaged in discussions, forums, and educational platforms to stay abreast of the latest advancements.
Now, let's delve into the concepts mentioned in the article:
BEP-20 Tokens:
Definition: BEP-20 is a token standard specifically designed for the Binance Smart Chain (BSC), a blockchain network. It serves as an extension of the ERC-20 (Ethereum token standard) and BEP-2 (BNB Beacon Chain standard) tokens.
Features:
Interoperability: BEP-20 tokens enable the movement of tokens between different blockchains.
Compatibility: Users can use compatible tokens across different blockchains.
Pegging: It allows pegging tokens from other blockchains, making them accessible on the BNB Chain (e.g., BTCB representing pegged Bitcoin).
Token Swapping: BEP-2 tokens can be exchanged for BEP-20 equivalents, providing flexibility (e.g., BNB from BEP-2 to BEP-20).
Efficiency: The BSC offers low transaction fees and a speedy 3-second block time.
Application: Users can leverage BEP-20 tokens for various purposes, such as cross-chain transactions, utilizing tokens on different compatible blockchains, and taking advantage of the efficiency and cost-effectiveness of the Binance Smart Chain.
Learning Resources: The article suggests referring to the Binance Academy for a more in-depth understanding of BEP-20 tokens.
Withdrawing BEP-20 Tokens on Binance:
Process Overview:
Wallet Access: Log in to your Binance account and navigate to [Wallet] - [Overview].
Initiate Withdrawal: Click [Withdraw].
Select Token: Choose the BEP-20 token you want to withdraw.
Destination Wallet: Provide the receiving address from your BSC-compatible wallet (e.g., Trust Wallet).
Network Selection: Confirm the network as [BSC - BNB Smart Chain (BEP-20)].
Amount and Fee: Enter the withdrawal amount, select the funding source, and view the network fee. Click [Withdraw].
Confirmation: Verify the transaction details and confirm the network.
Final Confirmation: Double-check the withdrawal amount, fee, address, and network before clicking [Continue].
2FA Verification: Confirm the withdrawal request using your 2FA devices.
Completion: Once confirmed, the withdrawal will be processed shortly, and the funds should reflect in your Trust Wallet within minutes after receiving a withdrawal confirmation email.
Caution: Ensure the compatibility of the exchange or wallet with BEP-20 tokens before making withdrawals to prevent potential asset loss.
For more detailed information on crypto withdrawals from Binance, the article suggests referring to the "How to Withdraw from Binance" guide.
Click on the [Withdraw] button next to the cryptocurrency you want to withdraw. Select the BEP20 network. Enter the amount you want to withdraw and the address you want to withdraw to. Click on the [Withdraw] button.
Click on the [Withdraw] button next to the cryptocurrency you want to withdraw. Select the BEP20 network. Enter the amount you want to withdraw and the address you want to withdraw to. Click on the [Withdraw] button.
Leading cryptocurrency exchange, Binance, has announced its support for the upcoming BNB Smart Chain (BEP20) network upgrade and hard fork, according to a recent announcement on its website. The upgrade is aimed at enhancing the user experience on the platform.
Occasionally, we may need to lock your account if you have made recent changes to it. For example, if you have reached out to our team to reset your two-factor authentication, or you have changed your password, we will temporarily disable your ability to withdraw.
Initiate the Swap: Select USDT BEP20 as your starting currency and BNB as your desired token. Specify the amount of USDT BEP20 you want to convert. Confirm the Transaction: Double-check the details, including fees and estimated completion time. Confirm the swap to initiate the conversion.
To find your Ledger BEP20 address on the Binance Smart Chain, all you have to do is : Open Ledger Live. Connect your Ledger device and open the Binance Smart Chain (BSC) app on your Ledger device. Navigate to the Accounts tab, click the Add account button, select Binance Smart Chain (BNB), and click Continue.
To support the wallet maintenance, deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from 2024-06-17 06:55 (UTC), and be resumed when the maintenance is complete.
Developed by Binance, the Binance Chain Wallet is specifically designed for Binance Smart Chain and supports BEP-20 tokens. Key features include: Binance Ecosystem Integration: Seamlessly interacts with Binance DEX and other BSC services. Security: Users control their private keys.
Pancakeswap. PancakeSwap is the most popular decentralized exchange for BNB Chain, letting investors easily trade BNB and other BEP-20 tokens easily. All you need to get started is a non-custodial wallet like Trust Wallet.
If you cannot pass the verification, go to the Withdraw Crypto page and click [Withdraw appeal] on the alert, then submit the required documents. Alternatively, go to [Wallets] on the Binance app and tap [Spot] - [Withdraw]. You'll see a pop-up window. Tap [Appeal] and follow the instructions.
In 2019, Binance was banned in the United States on regulatory grounds. In response, Binance and other investors opened Binance.US, a separate exchange designed to comply with all applicable US federal laws, which nonetheless is banned in six states: Hawaii, Idaho, Louisiana, New York, Texas, and Vermont.
BEP-20 is a token standard on BNB Smart Chain (BSC) that extends ERC-20, the most common Ethereum token standard. You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage.
If the crypto wallet you are transferring to supports BEP-20 and ERC-20 tokens, you can transfer your crypto back to Binance in a few simple steps. If the wallet only supports ERC-20 or only BEP-20, you will need to import the wallet's private key into a new wallet that supports both blockchains.
Introduction: My name is Aron Pacocha, I am a happy, tasty, innocent, proud, talented, courageous, magnificent person who loves writing and wants to share my knowledge and understanding with you.
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