What are BEP-20 Tokens?

Crypto.com DeFi Wallet

Support Specialist avatar
Written by Support Specialist
Updated over a week ago

BEP-20 tokens represent a diverse range of crypto assets that don’t have their own blockchain but reside on top of the Binance Smart Chain (BSC). BEP-20 is a technical standard that emerged to use for all smart contracts on the Binance Smart Chain for token implementations.

How to receive BEP-20 tokens?

To receive a BEP-20 token, you simply have to send it to your Binance Smart Chain address. If you haven't noticed already, your BEP-20 tokens’ receive address actually has the same format as ETH address and starts with “0x…”, so make sure you state clearly to your sender which token you want to receive, and which network you want to receive.

How to send BEP-20 tokens?

Sending a BEP-20 token is in fact informing the token contract that a transfer is required. To execute this transfer, the contract will require a fraction of BNB. That’s why you are using BNB as the network fee when sending BEP-20 tokens.

This is also why when your native BNB balance = 0, you will not be able to choose to send your BEP-20 tokens from the send coin list.

How to connect to BSC dApps?

If supported, BSC dApps can be connected via WalletConnect on the DeFi Wallet app. WalletConnect is an open protocol that lets you connect desktop DApps to mobile wallets using end-to-end encryption by scanning a QR code.

The team is working hard to enable WalletConnect on Binance Smart Chain to you shortly. Please stay tuned to our latest news.

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