BEP20 is the native token standard of the Binance Smart Chain (BSC). The BSC was launched in September 2020 as a fork of the Ethereum blockchain.
The BSC is designed to run parallel to Ethereum, providing users with an alternative to the Ethereum network that is faster and cheaper.
The BEP20 standard is based on the ERC20 standard, but with some important differences. One of the most notable differences is that BEP20 tokens can be transferred between Binance Chain wallets and Ethereum wallets.
NOTE: WARNING: BEP20 does NOT support Coinbase. You should not attempt to use BEP20 with Coinbase as this may result in permanent loss of funds. It is highly recommended that you only use wallets and exchanges that are specifically designed for BEP20 tokens.
This means that users can hold both BEP20 and ERC20 tokens in the same wallet.
Coinbase does not currently support BEP20 tokens. However, there is nothing preventing users from transferring their BEP20 tokens to a Coinbase account.
Once transferred, users can then use their Coinbase account to buy, sell, or trade BEP20 tokens.
10 Related Question Answers Found
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