TRC 20 vs BEP 20 What's the difference? (2024)

FAQs

TRC 20 vs BEP 20 What's the difference? ›

The Backbone of TRON's Token Standard, TRC-20 tokens are native to the TRON blockchain, offering high throughput and low fees, while BEP-20 tokens operate within the Binance Smart Chain ecosystem, integrated with the broader Binance platform.

Blockchain Compatibility

ERC20 tokens are exclusive to the Ethereum blockchain, while TRC20 tokens are specific to the Tron network, and BEP20 tokens are tailored for the Binance Smart Chain. This means that these tokens are not interchangeable between these networks without a conversion process.

Yes, you can convert USDT TRC20 to USDT BEP20 without using Binance by using a decentralized exchange (DEX) or a cross-chain swap service.

BEP20 and ERC20 are two different types of tokens, both of which run on their Binance and Ethereum blockchains, respectively.

USDT on Tron and Solana are the best options for payments. NOWPayments is a USDT payment gateway that helps merchants accept USDT as a payment method.

TRC20 is the technical standard used for crypto assets on the Tron network. All crypto assets created and used on the Tron network must follow this standard format. So, all tokens with the standard can be sent to each other via the Tron blockchain.

TRC20 vs ERC20 are important in crypto. They are used on Tron and Ethereum networks. TRC-20 has lower fees and quicker transactions. ERC-20 is more widely used and has better security because of Ethereum's network.

In the web app and Pro app, sending (withdrawing) USDT to an external wallet can be done without having to specify the network. However, the mobile app does ask for it. In either case, you must include the appropriate wallet address (ERC20 or TRC20) in order to successfully send USDT.

To swap USDT TRC20 to USDT ERC20 on Trust Wallet, you can use a decentralized exchange (DEX) like PancakeSwap or a centralized exchange that supports the conversion. You would need to send your USDT TRC20 to the exchange, swap it for USDT ERC20, and then withdraw the USDT ERC20 back to your Trust Wallet.

What wallets are BEP 20? ›

The BEP-20 token standard extends ERC-20, the most common Ethereum token standard. It is used to represent a wide range of crypto assets on the Binance Smart Chain (BSC). In fact, the acronym BEP stands for Binance Smart Chain Evolution Proposal.

CoinMerge (BEP-20) (CMERGE) is not tradable on Coinbase.

The Backbone of TRON's Token Standard, TRC-20 tokens are native to the TRON blockchain, offering high throughput and low fees, while BEP-20 tokens operate within the Binance Smart Chain ecosystem, integrated with the broader Binance platform.

The TRC20 is compatible with many crypto wallets like Trust and Ledger wallets. Among USDT on other networks, TRC20 tokens have the lowest transaction fees, and that's why it's the most popular and favoured amongst Tether token variations.

The exchange will make it clear what type of chain they are using; however, one easy way to differentiate between these two is by the way the address is structured. An ERC20 Address only starts with '0' and 'x'. For example: 0xbc6e. A TRC20 Address only begins with a capital 'T'.

Several crypto wallets offer support for TRC20 tokens, including swissmoney, Trust Wallet, Atomic Wallet, TronLink, and Ledger, which is a hardware wallet. These wallets cater to the TRON blockchain's specifications, enabling users to store, send, and receive TRC20 tokens, such as USDT TRC20, effectively.

The exchange will make it clear what type of chain they are using; however, one easy way to differentiate between these two is by the way the address is structured. An ERC20 Address only starts with '0' and 'x'. For example: 0xbc6e. A TRC20 Address only begins with a capital 'T'.

What is TRC20? TRC20 is a technical standard used on the TRON blockchain for creating and implementing smart contracts that govern token issuance and management. It is analogous to ERC20 (Ethereum Request for Comment 20), which is the most prevalent token standard on the Ethereum blockchain.

A BEP20 address is a unique identifier to receive, store, and send BEP20 tokens on the Binance Smart Chain. A BEP20 address is a string of alphanumeric characters, typically represented in a hexadecimal format. It usually starts with the prefix “0x” and is 42 characters long.