How to Withdraw BEP-20 Tokens from Binance | Binance Support (2024)

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.

See Also

Here’s a Quick Guide to Easily Retrieve Crypto Sent to a Wrong Network on BinanceWhat are BEP-20 Tokens? | Crypto.com Help CenterHow to Recover a Missing Transaction on Binance? (Wrong Memo)What is BEP20 Token - Simply Explained

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.

See Also

How to Recover My BEP-20 Tokens from Non BSC-Compatible Wallets | Binance Support

I'm an enthusiast with a profound understanding of blockchain technology and its various implementations, including token standards such as BEP-20. I've actively participated in the cryptocurrency community, staying abreast of the latest developments and contributing to discussions on forums and platforms. My expertise extends to practical applications, having engaged in token transfers, smart contract interactions, and navigating decentralized finance ecosystems. This hands-on experience is crucial in comprehending the intricacies of token standards like BEP-20.

Now, let's delve into the article about BEP-20 tokens and the process of withdrawing them on Binance.

BEP-20 Tokens:

BEP-20 is a token standard specifically designed for the Binance Smart Chain (BSC). It builds upon the foundations of two existing standards: ERC-20 (used on the Ethereum blockchain) and BEP-2 (associated with the BNB Beacon Chain). This amalgamation allows for enhanced interoperability and functionality within the Binance Smart Chain ecosystem.

Key features and applications of BEP-20 tokens mentioned in the article include:

1. Cross-Blockchain Movement: BEP-20 tokens enable the seamless transfer of tokens between different blockchains.

2. Compatibility: These tokens can be used on various blockchains that support the BEP-20 standard, promoting interoperability.

3. Pegging Tokens: BEP-20 facilitates the pegging of tokens from other blockchains, making them available on the BNB Chain. An example is given with BTCB (pegged Bitcoin).

4. Token Swapping: BEP-20 tokens can be swapped with their BEP-2 counterparts, offering flexibility and choice to users.

5. Efficiency: The Binance Smart Chain boasts low transaction fees and an efficient 3-second block time, making it an attractive platform for token transactions.

For further understanding, the article suggests referring to the Academy for more in-depth insights into BEP-20 tokens.

Withdrawing BEP-20 Tokens on Binance:

The article provides a step-by-step guide on withdrawing BEP-20 tokens from Binance to a BSC-compatible wallet, exemplifying the process using BNB and Trust Wallet.

1. Verification of Wallet Compatibility: Users are cautioned to ensure that the chosen wallet or exchange supports BEP-20 tokens to prevent potential loss of assets.

2. Withdrawal Process:

   • Log in to Binance, go to [Wallet] - [Overview], and click [Withdraw].
   • Select the desired coin and paste the recipient's wallet address from Trust Wallet, specifying the network as [BSC - BNB Smart Chain (BEP-20)].
   • Enter the withdrawal amount, choose the funding source, and review transaction details before clicking [Withdraw].

3. Confirmation and Verification: Users are prompted to confirm the network and verify transaction details, including the withdrawal amount and network fee. The withdrawal request is then confirmed using 2FA devices.

4. Transaction Processing: Once confirmed, the withdrawal is processed, and users receive a confirmation email. The transferred funds should reflect in the Trust Wallet within a few minutes.

For additional information on crypto withdrawals, the article recommends referring to Binance's guide on "How to Withdraw from Binance."

In summary, the article covers the fundamentals of BEP-20 tokens and provides a user-friendly guide on withdrawing these tokens from Binance to a BSC-compatible wallet, emphasizing the importance of wallet compatibility and thorough verification during the process.