BEP-20
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BEP-20 is the token standard for the BNB Smart Chain (BSC). It defines a common set of rules that all fungible tokens on BSC must follow, enabling seamless interaction with wallets, exchanges, and decentralized applications.
BEP-20 is modeled after Ethereum's ERC-20 standard — both define the same core functions (transfer, approve, balanceOf, etc.), which is why many ERC-20 tokens can be bridged to BSC as BEP-20 equivalents.
Key properties
- Network: BNB Smart Chain
- Gas token: BNB (used to pay transaction fees)
- Compatible with: ERC-20 (Ethereum), same interface
- Explorer: BscScan
BEP-20 vs other standards
| Standard | Network | Gas token |
|---|---|---|
| ERC-20 | Ethereum | ETH |
| BEP-20 | BNB Smart Chain | BNB |
| TRC-20 | TRON | TRX |
Relevance to miners
Miners receiving payouts sometimes encounter BEP-20 versions of coins (e.g., BTCB — wrapped Bitcoin on BSC). When withdrawing or exchanging mined coins, it's important to select the correct network. Sending a BEP-20 token to an ERC-20 address on the wrong network can result in lost funds.
Always verify the network when setting up a withdrawal address in your mining pool.
