Converting ERC-20 To BEP-20 Tokens Using The Binance Bridge - RugDoc Wiki (2024)

FAQs

How to convert ERC20 to BEP20 in Binance? ›

The bridging process is simple and intuitive for newcomers. Simply select the desired asset and chain on the bridge UI, connect the wallets, and initiate the transaction via the messaging protocol of your choice. Allbridge Core will then perform a cross-chain swap, and you will receive BUSD on BNB Chain.

If you're wondering how to swap ERC20 to BEP20 in MetaMask, you only need to locate a reliable bridge service that supports this token conversion. Prominent bridge services such as Binance Convert, Allbridge, and XY Finance offer seamless BEP20 to ERC20 conversion.

Where & How to Buy ERC20 (ERC20) Guide. Note: This coin is not listed on Binance for trade and service.

To do this, go to Binance Bridge and connect your wallet. Assuming you are connecting from a Metamask wallet on the Ethereum main network, you will be asked to confirm the transaction on the Ethereum side (after you enter the token to bridge to BSC), which will cost the amount paid in ETH.

USDT (ERC20) coin issued on Ethereum network and USDT (BEP20) coin issued on Binance Smart Chain network. You can't swap USDT ERC20 to USDT BEP20 directly on Trust Wallet.

For instance, TRC20 assets like TRX, USDT, and USDC will utilize a single address. 2. Unified BSC and ETH Address Support: All ERC20 and BEP20 assets will share the same address. This unified approach eliminates the need for manual recovery in cases where supported assets are accidentally sent on the wrong chain.

Return to your Trust Wallet app and select the USDT icon from your list of supported cryptocurrencies. Within the USDT wallet, locate and tap on the “Send” or “Send USDT” option. You will be directed to enter the recipient address – paste the Binance USDT deposit address copied in Step 2.

There are two ways to convert USDT ERC20 to TRC20. The first way is to convert your USDT to BTC and then convert BTC to TRC tokens. This can only be done if you have a crypto wallet which supports the TRC20. You can view a list of wallets which supports TRC20 here.

What is the difference between USDT BEP20 and ERC20? ›

The main difference between BEP20 and ERC20 is their underlying blockchain protocol. ERC20 is based on Ethereum's blockchain, while the BEP20 is based on Binance Chain. As a result, ERC-20 tokens are more widely accepted due to the blockchain and the fact the token standard has been around longer.

On the Binance homepage, click on the “Wallet” drop-down menu and select “Fiat and Spot”. Next, find USDT and click on the three dots on the far right side of the scree. Click on “Withdraw” to continue. Select USDT as the coin you'll be transferring and enter the address you wish to transfer your USDT to.

A: You can know if your USDT is TRC20 or ERC20 by checking the token contract address. The token address is the difference between these two USDT versions. ERC20 USDT has an address that starts with 0x, as do all other Ethereum-based tokens. TRC20 USDT, on the other hand, has its address starting with 'T'.

BEP20 tokens are similar to Ethereum's ERC-20 tokens, but they offer faster transaction times and lower fees. BEP20 tokens have become popular among crypto traders and investors because they offer a new way to participate in decentralized finance (DeFi) protocols and yield farming opportunities.