Unlocking the power of the Binance Smart Chain using the BEP-20 Wallet Address.
The BEP20 wallet address has emerged as a critical element within the Binance Smart Chain (BSC) ecosystem. As an evolution of the widely adopted ERC-20 standard on the Ethereum blockchain, BEP-20 tokens play a crucial role in powering decentralized finance (DeFi) and decentralized applications (DApps) within the BSC network.
In this article, we will provide instructions on how to find BEP20 wallet address on Trust Wallet and Metamask, decode the process of accessing it on these two top-ranked BEP20 wallets, and investigate the ways in which they facilitate seamless transactions and interactions across the Binance Smart Chain. If you are in search of a location to safeguard your BEP20 tokens, we recommend that you consult our exhaustive list of the most effective BEP20 wallets.
How to Find Bep20 Wallet Address On Trust Wallet
It’s effortless to find the BEP20 wallet address on Trust Wallet. Below is a step-by-step guide on how to get this address.
Step 1: Download and Install Trust Wallet
- Trust Wallet is a mobile application. To download it to your device, visit Apple Store or Google Play Store, depending on your mobile phone’s operating system.
- Once the app is installed, open it, and click the Get Started button.
- This will redirect you to a password screen. Enter a password you can remember and confirm it on the next screen.
- After that, you will need to store your seed phrase securely. There will be an option to store the phrase on your iCloud or Google Drive or manually. Whichever you choose, make sure you can access it should you need to, but most importantly, ensure that third parties cannot access the phrase without your permission.
- Once this is done, your wallet is ready to use.
Step 2: Get the Wallet Address
- Open your Trust Wallet and click the Wallet icon at the bottom of the package. This will display all the coins you have added to your trust wallet.
- By default, only Bitcoin (BTC), Ethereum (ETH), BNB Beacon Chain (BNB), BNB Smart Chain (BNB), and Trust Wallet Token (TWT) are automatically added.
- To add other tokens to your list, click the Toggle icon at the top right of the page. This redirects you to a tab that lists all the coins supported on Trust Wallet.
- Search for the coin you want to add and turn on the Toggle button next to it. When done, press the Return arrow to return to the Wallet tab.
- Now click the coin whose token address you want to get. This will open a tab where you can see that coin’s balance and four buttons under it. Click the Receive button.
- On the screen that opens, you will see a QR code and, underneath it, an address. This is the token address.
- Click the Copy button to copy the address and ensure when sending the token; the sender sends only the selected token to this address. If they send another cryptocurrency, it will be lost.
Related: Import Trust Wallet to MetaMask: The Best Guide in 2023
How to Get Bep20 Wallet Address on Metamask
Like Trust Wallet, finding a token’s contact address on MetaMask is also very easy. The following steps will guide you on how to obtain this address easily.
Step 1: Download and Install MetaMask Wallet
- Go to the Apple Store or Google Play Store to download the MetaMask Wallet mobile app. Alternatively, visit MetaMask’s website and start with the wallet’s browser extension. For more details on how to set this up, you can refer to this MetaMask Wallet guide.
Step 2: Get the Wallet Address
- After installing the app, you will be redirected to the Token dashboard. Here, you can see all the tokens you’ve added to your MetaMask Wallet. By default, only Ethereum is added.
- Click the Import Tokens hyperlink to get other tokens listed on the Token dashboard.
- This will redirect you to a page listing all the coins MetaMask supports. Search for the coin you want to add and select it. Click the Next button.
- To complete the importing process click the Import tokens button that appears on the tab that follows.
- Once done, return to the Token dashboard and select the coin you wish to import. This will open another tab where you can see the coin’s details. On this tab, click the Three-dot menu and select theToken Details option.
- This will reveal the token address for the selected coin.
Related: How to Add Binance Smart Chain to MetaMask
What Is BEP20?
BEP stands for Binance Smart Chain Ethereum Protocol, derived from the Ethereum Request for Comments (ERC-20) standard. ERC-20 is a formalized way of proposing improvements and standards for the Ethereum network. The 20 simply represents the unique proposal number for the ERC-20 standard.
Similarly, the 20 in BEP20 represents the unique proposal number for the BEP20 standard. The BEP20 is a technical standard that applies tokens on the Binance Smart Chain (BSC), a blockchain network developed by Binance, one of the largest cryptocurrency exchanges in the world.
The BEP20 standard implements a set of rules and guidelines that enable token developers to create and deploy their tokens on the Binance Smart Chain. These tokens can represent digital assets, utility tokens, stablecoins, and various other forms of value. BEP20 tokens facilitate various use cases, including decentralized finance (DeFi) protocols, gaming assets, non-fungible tokens (NFTs), and more.
BEP20 tokens share similar functions and features with ERC-20 tokens. For instance, both tokens are fungible, divisible, and interoperable with various decentralized applications (dApps), exchanges, and wallets that support the respective standards.
Related: How to Find Your Binance Wallet Address in 2023
FAQs
Does Coinbase support BEP-20?
Most recently, the Coinbase Wallet started supporting BEP20 cryptocurrencies. This digital wallet, provided by one of the largest crypto exchanges in the world, also supports other digital assets, including Ethereum, Polygon, Stellar Litecoin, Dogecoin, Ripple, and tokens from layer 2 rollups like Arbitrum and Optimism.
Where can I find my Binance Smart Chain BEP20 wallet address?
You can easily find your BEP20 wallet address on MetaMask or Trust Wallet. These two digital wallets support BEP20 tokens, making it easy for users to locate the addresses. Alternatively, you can use blockchain explorers like BscScan.
Is MetaMask a BEP20 wallet?
Yes. MetaMask is one of the leading BEP20 wallets. It supports, amongst other coins, multiple BEP20 tokens, including Binance Coin (BNB), Binance USD (BUSD), Wrapped BNB (WBNB), and PancakeSwap(CAKE).
Elevate your crypto trading career with CoinWire Trading signals. Get Premium daily signal calls, trading insight, updates about the current market, and analytics about hidden crypto gems now.
FREE Premium Daily Signal Calls
FREE Trading Insights & Market Updates
FREE Hidden Gems Analytics
Want to be a crypto expert? Get the best of Coinwire straight to your inbox.
Get daily crypto news updates + weekly roundups on our most important stories.
