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.
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:
Cross-Blockchain Movement: BEP-20 tokens enable the seamless transfer of tokens between different blockchains.
Compatibility: These tokens can be used on various blockchains that support the BEP-20 standard, promoting interoperability.
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).
Token Swapping: BEP-20 tokens can be swapped with their BEP-2 counterparts, offering flexibility and choice to users.
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.
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.
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].
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.
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.
On the wallet page, click “Withdraw”. 3. Once you go to the withdrawal menu, select the coin you want to withdraw (BNB in our case), enter the withdrawal address (obtained from Trust Wallet), select BNB Smart Chain (BEP20) as the transfer network and enter the amount you want to withdraw.
On the wallet page, click “Withdraw”. 3. Once you go to the withdrawal menu, select the coin you want to withdraw (BNB in our case), enter the withdrawal address (obtained from Trust Wallet), select BNB Smart Chain (BEP20) as the transfer network and enter the amount you want to withdraw.
Occasionally, we may need to lock your account if you have made recent changes to it. For example, if you have reached out to our team to reset your two-factor authentication, or you have changed your password, we will temporarily disable your ability to withdraw.
Initiate the Swap: Select USDT BEP20 as your starting currency and BNB as your desired token. Specify the amount of USDT BEP20 you want to convert. Confirm the Transaction: Double-check the details, including fees and estimated completion time. Confirm the swap to initiate the conversion.
A BEP20 token is a standard for tokens on the BSC. It is similar to the ERC20 token standard on Ethereum, and tokens that comply with the BEP20 standard can be easily transferred between these two blockchains.
To support the wallet maintenance, deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from 2024-06-17 06:55 (UTC), and be resumed when the maintenance is complete.
Developed by Binance, the Binance Chain Wallet is specifically designed for Binance Smart Chain and supports BEP-20 tokens. Key features include: Binance Ecosystem Integration: Seamlessly interacts with Binance DEX and other BSC services. Security: Users control their private keys.
If you cannot pass the verification, go to the Withdraw Crypto page and click [Withdraw appeal] on the alert, then submit the required documents. Alternatively, go to [Wallets] on the Binance app and tap [Spot] - [Withdraw]. You'll see a pop-up window. Tap [Appeal] and follow the instructions.
In 2019, Binance was banned in the United States on regulatory grounds. In response, Binance and other investors opened Binance.US, a separate exchange designed to comply with all applicable US federal laws, which nonetheless is banned in six states: Hawaii, Idaho, Louisiana, New York, Texas, and Vermont.
With the help of Allbridge Core, you can seamlessly transfer BEP20 tokens to TRC20. To initiate a cross-chain swap, one has to indicate the desired networks and tokens in the bridge interface. After selecting the transfer amount and indicating the destination address, launch the transaction by selecting “Send”.
With the help of Allbridge Core, you can seamlessly transfer BEP20 tokens to TRC20. To initiate a cross-chain swap, one has to indicate the desired networks and tokens in the bridge interface. After selecting the transfer amount and indicating the destination address, launch the transaction by selecting “Send”.
Can I send BEP20 to ERC20? Yes, Allbridge Core enables you to stablecoin assets between BNB Chain and Ethereum. At launch, Allbridge Core will support USDT, USDC, and BUSD assets, with more potential chains and tokens on the roadmap.
Introduction: My name is Twana Towne Ret, I am a famous, talented, joyous, perfect, powerful, inquisitive, lovely person who loves writing and wants to share my knowledge and understanding with you.
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