How do I use a bep20 wallet?

Using a BEP20 wallet is easy and straightforward. The wallet had three main functions: to send, receive, and swap BEP-20 tokens. Set up your wallet for Binance Smart Chain by going to the Smart Chain wallet and clicking Receive to find your wallet address.

What is bep-20 and how does it work?

BEP-20 defines a framework and a set of rules that BSC-based tokens have to follow. BEP-20 is fully compatible with both ERC-20 and Binance Chain BEP-2 token standards. The BEP-20 token standard applies to all kinds of tokens that will launch on the BSC platform, such as tokenized securities and stablecoins.

How do I swap bep-2 tokens for bep-20 tokens?

For that reason, BEP-2 tokens can be swapped for their BEP-20 equivalent. The easiest way to do so is perhaps via the Binance Wallet extension. For a more detailed look at the BEP-20 standard, be sure to check out the draft proposal on GitHub.

Can a bep-20 token be used on BNB smart chain?

Of course, one could equally create a native asset as a BEP-20 token, or even peg tokens from other blockchains to make them usable on BNB Smart Chain. This is what’s done with “Peggy” coins, which are essentially BEP-20 versions of other crypto assets (such as LINK or XRP ).