Introduction

In this article, we will explain what the BEP-20 token standard is, demonstrate how to withdraw BEP-20 tokens in a time- and money-saving manner, and Share a list of trading platforms that support direct withdrawal of BEP-20 tokens.

What is BEP-20?  

BEP-20 is a token standard in Binance Smart Chain, effectively extending ERC-20 and BEP-2 tokens. The standard has additional features that allow users to transfer tokens between different blockchains and perform other operations.

With BEP-20, you can:

• Use compatible tokens on different blockchains.
• Peg to tokens in other blockchains, allowing them to be used on the Binance Smart Chain (BSC) (i.e. the anchored Bitcoin in BSC - “BTCB”).
• Exchange BEP-2 tokens for equivalent BEP-20 tokens (transfer BNB from BEP-2 to BEP-20).
• Enjoy transaction fees as low as $0.05 and block times of 3 seconds.
• To learn more about the BEP-20 standard, check out the draft proposal on Github.

How to withdraw BEP-20 tokens

Dozens of trading platforms support BEP -20 Withdraw to a BSC-compatible wallet, no need to manually convert BEP-2 tokens to BEP-20. By directly withdrawing BEP-20 tokens, you can completely skip the intermediate step of converting tokens to BEP-20, effectively saving time and money (handling fees).

Withdraw BEP-20 tokens from Binance

In the following content, we will introduce the detailed process of withdrawing BNB from Binance to Trust Wallet. The withdrawal process is very similar for all digital currency exchanges and wallets.

Before you start, you need to check out the Trust Wallet (or any other BSC-compatible wallet) and get the BSC receiving address. This operation is very simple, just open the wallet, select the smart chain and click "Receive". The address will be displayed on the screen. Please save this address so you can use it in step three of the guide below.

1. Log in to your Binance account. Select "Wallet" in the upper right corner and click "Overview".

2. In the "Wallet Overview", click "Withdraw" in the upper right corner.

3. After entering the withdrawal menu, select the token you want to withdraw (BNB in this case) and enter the withdrawal address (obtained from Trust Wallet). Then select Binance Smart Chain as the transfer network and enter the withdrawal amount.

4. After selecting Binance Smart Chain as the transfer network, a pop-up window will be displayed on the screen to test your BSC knowledge Stock up and make sure you know what you're doing. After passing the test, click "Submit".

5. The subsequent steps are the same as any other withdrawal operation. A confirmation screen will appear, informing you of the exchange rate and fees and allowing you to review the transaction details again.

6. Once confirmed, you need to enter the verification code to approve the withdrawal.

After the operation is completed, your transaction will be processed quickly. Funds should be credited to your Trust Wallet balance (located off the smart chain) within minutes of receiving the withdrawal confirmation email. After the funds arrive, Trust Wallet will send a notification that BEP-20 BNB tokens have been successfully deposited into the account.

By following the above steps, you do not need to manually convert BEP-2 to BEP-20, effectively saving time and handling fees. Once Trust Wallet receives your deposit, you can interact freely with all BSC dApps or projects without any additional delays.

Explore the Trust Wallet dApp browser and experience the endless possibilities of the BSC ecosystem.

Trading platforms that support BEP-20 withdrawal

The following trading platforms Supporting the direct withdrawal of BEP-20 tokens, participating in the BSC ecosystem has become easier from now on.

• AscendEX (BitMax)
• Bigone
• Biki
• Binance TR (Turkey)
• BitFirst (Anguilla)
• Bithumb Global/Korea
• Bitmart
• Bitwell
• BKEX
• Bono Exchange ( South Korea)
• Cryptomall (Estonia)
• Dan Investment (UAE)
• Distributed Ledger Inc (USA and Mexico)
• Gate.io
• Gooplex (Brazil)
• HitBTC
• Hoo
• Hotbit
• Mandala (Estonia)
• MtPelerin (Switzerland)
• MXC
• Paronex (Turkey)
• TBCC (Russia)
• Tokocrypto (Indonesia)
• li>
• Zencex (Liechtenstein)