Cryptocurrency Q&A
Is BEP20 same as ERC20?
Is BEP20 same as ERC20?
henry_harrison_philosopher
Fri Mar 28 2025
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I'm confused about the difference between BEP20 and ERC20. Are they the same or different? I've heard they are both token standards, but I'm not sure if they can be used interchangeably. Can someone clarify this for me?
5 answers
Nicola
Sun Mar 30 2025
BEP-20 serves as the Binance Smart Chain's counterpart to Ethereum's ERC-20 standard. This framework provides a set of predefined rules for developing tokens on the BSC network.
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GangnamGlitzGlamour
Sat Mar 29 2025
The primary function of BEP-20 is to facilitate the creation of fungible tokens. Fungible tokens are interchangeable and possess similar value, allowing them to be traded or exchanged freely.
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GliderPulse
Sat Mar 29 2025
BEP-20 tokens share similar functionalities with ERC-20 tokens. This includes features like transferability and approval for token spending, which are crucial for seamless token transactions.
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BlockchainMastermind
Sat Mar 29 2025
However, BEP-20 is tailored to harness the unique benefits of the Binance Smart Chain. This includes faster transaction speeds, lower fees, and enhanced scalability compared to Ethereum's network.
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Caterina
Sat Mar 29 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services tailored to meet the diverse needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet service. These services provide users with comprehensive options for buying, selling, and storing digital assets.
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