Bep2 token Has anyone encountered this issue and know how to swap it for Bep20 Matic or something else? Please I am desperate How to recover BNB Bep2 to Bep20 (Step by Step Guide) Chukwuka Obeleagu 7. We encourage NEXO Token holders to expedite the conversion of NEXO BEP-2 to ERC-20 to ensure seamless access and management of assets. , those following the BEP2 standard, use a Proof-of-Work (PoW) consensus mechanism. It is the token standard for the Binance Chain. Jul 3, 2024 · Discover the BNB Chain Fusion, a strategic move to migrate BNB Beacon Chain's functionalities to BNB Smart Chain (BSC). However, the token doesn’t work on any other blockchain. Dive deep into the world of Binance Chain tokens in 2025. Binance is phasing out the Beacon Chain, making it crucial to migrate your BEP2 DUSK tokens to BEP20. May 31, 2024 · The BEP2 network was an integral component of Binance’s initial blockchain strategy, providing a robust platform for transactions and token issuance. 29K subscribers Subscribe Mar 24, 2023 · Click to find out the key differences between the most popular token standards — BEP20, ERC20, and BEP2 — and explore their benefits to make more informed investment decisions. Details on what happened, the fix, and info for affected users. Jun 3, 2024 · By moving your tokens from the Binance BeaconChain (BEP-2) to the Binance Smart Chain (BSC), you not only protect your assets but also gain access to new possibilities within the ecosystem. Users are urged to act before the deadlines. It enables token issuance and facilitates trading between different Oct 16, 2020 · Fellow Binancians, Binance has opened BEP2 (Binance Chain) and BEP20 (Binance Smart Chain) deposits and withdrawals for the following tokens: BEP2: ADA, BAND, BAT, BEL, COMP, DAI, DOT, ELF, EOS, FIL, IOTX, MKR, NEAR, SNX, TCT, UNI, YFI BEP20: BAT, FIL, NEAR, SNX, UNI, YFI Please note: BEP20 represents a token standard on Binance Smart Chain. To assist users during this transition, Binance has updated its deposit status page with all the necessary details to facilitate a smooth and hassle-free process. We do not accept token transfers sent over BNB Chain (formerly Binance Smart Chain) or (BEP20/BEP2 Tokens). As the popularity of cryptocurrencies continues to grow, the Apr 10, 2023 · In this article, we'll explore if Coinbase wallets are BEP20 compliant and provide an overview of BEP2 and BEP20 tokens. Apr 14, 2023 · BEP-2 is a token standard for minting and deploying tokens on BNB Beacon Chain. May 31, 2024 · Understanding the BEP2 Shutdown Binance’s decision to retire the BEP2 network is part of a broader initiative to optimize its blockchain infrastructure. Easy and fast bridge from Binance Beacon Chain to Binance Smart Chain Swap a variety of tokens, such as USDT, USDC, and others, from BEP2 to BEP20 in just a few easy steps. Token Recovery dApp To facilitate the token migration after the Beacon Chain shutdown, the BEP299 is proposed to recover the BEP2/BEP8 assets on the Beacon Chain to the BSC chain. - bnb-chain/token-bind-tool Feb 27, 2023 · BEP-20 Wallet Compatibility Comparison In this comprehensive guide, we compare different options for swapping Bitcoin (BTC) to Binance Smart Chain’s BEP-20 token. Then Choose Binance Apr 5, 2024 · BEP2 to BEP20 Token Migration This is an important update for holders of BEP2 DUSK. 18 votes, 69 comments. Dec 21, 2024 · I have some FTM token on obsoleted network BEP2. Most BEP2 transaction types, including transfer/multisend, mint/burn and freeze/unfreeze will be reused by Mini-BEP2 token, except issue and list. BEP2 token deposits initiated or in-progress after this date will not be credited to your account. Jun 11, 2022 · BEP20 là tiêu chuẩn token áp dụng cho bất kỳ token nào được khởi chạy hay tạo ra trên BSC. Issuing token is to create a new token on BNB Beacon Chain. The BEP2 standard sets out basic yet essential features of tokens issued on the Binance Chain. Among the main Dapps we have PancakeSwap which allows the exchange between Bep20 tokens. Bitcoin BEP2 is a tokenized representation of Bitcoin in a 1:1 ration on the Binance Chain Tools and toturial for issuing BEP2 token on BNB Beacon Chain, deploying BEP20 token on BNB Smart Chain and binding the two tokens. BEP20 tokens are the tokens that run on BSC (referred to as BSC tokens in this article). I tried to recover it as documentation said. Learn the differences between BEP-2 and BEP-20, understand its benefits, wallet options, and how to issue BEP-2 tokens. We would like to show you a description here but the site won’t allow us. com Account or swapping it within the wallet. Jul 21, 2025 · Understand the differences between BEP2 and BEP20 token standards on Binance. However, with the advent of the Binance Smart Chain (BSC) in 2020, which offers enhanced capabilities for decentralized applications (dApps), smart contracts, and digital asset creation, the BEP2 represents a token standard on Binance Chain Please do NOT deposit via cross-chain transfer from Binance Chain directly into the BSC deposit address. Sep 17, 2019 · In order to transfer value on the Binance Chain, tokens must be compatible with the Binance Chain Evolution Proposal 2 (BEP2). Jul 20, 2020 · This new token protocol accommodates many small, promising projects that are hindered by the current cost of getting a BEP2 token. 98, up 1. May 27, 2025 · This article will help you understand the key differences between BEP2, BEP20 and ERC20 on Binance smart chain (BNB chain). Learn how these token standards impact blockchain ecosystems. Token Binding can happen at any time after BEP2 and BEP20 are ready. Oct 10, 2023 · Know the role of crypto token standards in governing the interactions between smart contracts, decentralized applications, and other digital assets. 85% in the last 24h. Read our article to learn about most common tokens used in Binance chain. If you have a token in your wallet and you are unsure if it's BEP2 or BEP20, you can figure it out by checking the token address. However, assets without cross-chain functionality will be permanently lost. 1BNB or staked value which is less than 0. Aug 18, 2025 · Tokens or networks discontinued by the issuer Learn more about tokens or networks for which the issuer has ended support, and what to do if you're holding tokens that have been or will be discontinued. As a result, the pegged BTCB tokens are fully backed by their own reserve asset, Bitcoin. BEP-2 is the traditional Binance Chain's token standard, whereas BEP-20 is the DeFi -based Binance Smart Chain's token standard. URL: Sep 10, 2020 · BEP2 represents a token standard on Binance Chain, while BEP20 represents a token standard on Binance Smart Chain. ERC-20, on the other hand, is the technical standard for building and implementing smart contracts on Ethereum’s network. Jan 10, 2023 · If you have MATIC BEP2 tokens in your wallet like Trust Wallet, Ledger etc. In the world of cryptocurrencies, token standards play a crucial role in determining the adoption and usage of various blockchain platforms. If you do not hold BEP2 DUSK you do not need to take any action, but if you do, you will need to migrate your token. Binance uses this as a token standard for all transactions on the Binance crypto exchange. Prepare the BEP20 tokens Deposit some LTO and BNB BEP20 tokens on your Binance Chain wallet. Here’s an in-depth comparison between the two. Jan 30, 2023 · Now, before you try sending funds to your BNB wallet on Metamask, note that you can only receive BEP20 tokens on Metamask, sending BEP2 funds to your wallet address on Metamask will result in a permanent loss of funds. In this article, we’ll explain how to determine whether your BNB is BEP2 or BEP20. The BNB Beacon Chain (BEP2) network upgrade and hard fork will take place at the block height of 373,526,985, or approximately at 2024-04-15 06:00 (UTC). Overall, the BEP2 token standard plays a crucial role in the Binance Chain ecosystem, providing a robust framework for token issuance, management, and trading. The main difference is that BEP2 is a protocol used for native transactions on the Binance Chain. Apart from the BNB, the native token of the Binance Chain, all other tokens issued on the Binance Chain blockchain follow the BEP2 token standard. Jan 9, 2023 · BEP2 vs BEP20, what is the difference between these two Binance tokens and how do they work with BNB Beacon Chain and BNB Chain. Mar 27, 2024 · We would like to explain the differences between modern networks and delve into the BEP2, BEP20, and ERC20 token standards. Dec 27, 2023 · BEP-20 is a token standard extending Ethereum’s ERC-20 standards. Nov 17, 2023 · BEP2 standard is a technical framework for token issuance and implementation on BNB Beacon Chain. The BEP2 network was an integral component of Binance’s initial blockchain strategy, providing a robust platform for transactions and token issuance. BEP2 tokens are non-fungible and ideal for representing unique assets on Binance Chain, primarily used for fast and low-cost transactions. I've tried contacting Trust, Binance, Polygon, etc and no one can give me an answer on what to do with it. Learn about past milestones, upcoming events, and how to smoothly transition your BEP2 tokens with ChangeNOW's guide. On the Beacon Chain, the BEP2/BEP8 tokens that are not mirrored or bound to BSC. This token recovery tool allows you to recover your remaining tokens from BNB Beacon Chain to BNB Smart Chain (BSC) after the sunset of BNB Beacon Chain. Like BNB deposits, BEP2 deposits require a memo. 01BNB will be locked forever. Introduced to facilitate fast decentralized trading, BEP2 tokens have been widely used in the Binance ecosystem. BscScan allows you to explore and search the BNB blockchain for transactions, addresses, tokens, prices and other activities taking place on BNB Smart Chain Oct 16, 2024 · Token Migration: A token recovery tool will be available for users to migrate BEP2/BEP8 assets from the Beacon Chain to BSC after the BNB Beacon Chain sunset. At the same time, BEP20 is a protocol used 5 days ago · 1 Bitcoin BEP2 currently costs $91,588. Nov 9, 2023 · Despite their similarities, BEP2 and BEP20 tokens have different technical structures, capabilities, and ideal applications. In this in-depth guide, we‘ll analyze the key differences between BEP2 vs. Feb 16, 2023 · BEP-2 is the token standard for minting and deploying tokens on the Binance Chain – Binance’s first blockchain. e. BEP2 tokens sets a rule to use within ecosystem. The tokens still cannot be swapped in any service for the same reason, but today I saw Binance have reactivated FTM BEP2 deposits, so you can transfer them to Binance and sell them. May 15, 2024 · Beyond this point, only BEP2 B-tokens will be accepted until the complete sunset of the BEP2 network in June 2024. Here we've explained how to add custom erc20 & bep20 tokens to your MetaMask wallet account. 📖 Here's a quick guide they made to help you out. Consequences of Inaction: Failing to gather all tokens from user deposit addresses will lead to recovery difficulties and possible asset loss. m. Two popular token standards that have gained significant attention in recent times are Binance Coin (BNB) and Binance DEX Token (BNBBN). Dec 2, 2024 · After Trust Wallet ended the support for BNB Beacon Chain (BEP2/BEP8) tokens, following BNB Chain’s phases-out of the BNB Beacon Chain in December 2024, we’re now supporting BEP2/BEP8 Assets holders with Token Recovery dApp access in our Browser Extension. Apr 10, 2023 · Binance Chain, the blockchain network of Binance, offers two token standards – BEP2 and BEP20. It will not be credited to your account. BEP20 token explained with examples, parameters and advantages. BEP-20 tokens, similar to ERC-20, are used on Binance Smart Chain, while BEP-2 tokens are specific to Binance Chain. Binance tokens (Be Feb 8, 2025 · As an experienced blockchain analyst, I often get asked by developers and traders: "What‘s the difference between BEP2 and BEP20 tokens on Binance Chain?" This guide shares my in-depth perspective to help you grasp the key contrasts between these two critical standards. The List of Bitcoin BEP2 (BTCB) exchanges with real-time price comparison where you can buy, sell or trade BTCB for other currencies and crypto coins. What Is Bitcoin BEP2? A token represents a unit of value issued by a project. It defines a set of rules and technical specifications that tokens should follow to function in the Binance Chain ecosystem. The BEP153 staking reward that is less than 0. This decision is in line with BNB Chain’s plan BEP2 vs. This document will guide you through the process of token recovery. Swap BEP-2 for BEP-20 BNB Asset Step by step guide to swap BEP2 "Binance Chain Network" asset to BEP20 "Binance Smart Chain Network" Apr 29, 2023 · Grasp the BEP-2 token standard essentials and unlock Binance Chain's full potential. But, when I connect my TrustWallet account, it said May 1, 2021 · Technically, BEP2 and BEP20 are just like ERC-20 some kinds of token standards offered by various chains. , you must convert them to MATIC on Polygon or Ethereum before March 31st, 2023, by either depositing it in Binance. The Mini-BEP2 token should be stored in an independent blockchain storage from BEP2 token. Binance. trueBinance. Jul 13, 2024 · The BEP2 standard is based on Binance Chain's technology and is used to create tokens that can be quickly and easily transferred on the Binance exchange. Dec 8, 2022 · BEP2 is a second-generation blockchain protocol, and BEP20 is a new standard for tokens on the Binance Smart Chain. Jul 20, 2022 · BEP2 Tokens are Native to the BNB Beacon Chain, while BEP20 Tokens are Native to the BNB Smart Chain Binance is the world’s largest centralized crypto exchange by volume, with a trading volume of $9. A brief history of Bitcoin BEP2 On 17 June 2019, Binance decided to introduce leading cryptocurrencies pegged tokens. Because of these distinctions, the two wallets have different address formats. The token works on both their CEX and their DEX. Aug 13, 2024 · ‍ BEP2 The BEP2 token is considered to be a technical standard for the issuance and implementation of tokens on the Binance Chain (BNB Beacon Chain). The preceding number is the unique identifier that differentiates it from other BEP standards, such as BEP2, BEP20, BEP721, and BEP115. Be noted: Only the crosschain bound/mirrored assets can be recovered. The live Bitcoin BEP2 price today is $86,387. While both are similar in terms of their function, there are some key differences that you need to consider before choosing one over the other. Tool to bind BEP2 tokens and BEP20 tokens. Sep 6, 2021 · BEP2, BEP20, and ERC20 are blockchain token standards — that is, sets of rules for issuing new tokens — for BNB, BSC, and Ethereum (ETH) platforms, respectively. However, with the advent of the Binance Smart Chain (BSC) in 2020, which offers enhanced . Binance operates two blockchains, Binance Chain (now BNB Beacon Chain) and Binance Smart Chain (now rebranded to Dec 8, 2022 · BEP2 is a second-generation blockchain protocol, and BEP20 is a new standard for tokens on the Binance Smart Chain. BEP-20 is the token standard for creating and Feb 16, 2024 · BEP2 and BEP20 are two different token standards used in the Binance Chain and Binance Smart Chain networks. Mar 28, 2024 · Information on the resolved BEP2 to BEP20 migration issue in the Trust Wallet browser extension. Open the Beacon Chain blockchain explorer, go to the BEP2 Asset page or BEP8 Asset page, and search for the token name to query it. While ERC-20 is a well-known token standard offered by Ethereum, BEP2 is its counterpart in the Binance ecosystem and BEP20 is the same standard as Binance Smart Chain. BNB Beacon Chain is the governance and staking layer of the BNB ecosystem where consensus is Sep 9, 2020 · BEP2 <-> BEP20 Bridge Now that you are connected to the BSC mainnet, you are probably wondering how your BEP2 tokens can come across to BSC. Learn about its benefits, applications, and token creation process. I‘ll also make Jul 11, 2023 · BEP2: The Token Standard for Binance Chain BEP2 is a second-generation blockchain protocol used by Binance Chain. PDT / 10 a. Jan 8, 2024 · Most valuable BEP2/BEP8 tokens (such as BNB and BTC) have the flexibility to move between the Beacon Chain and BSC networks without restrictions. For more details on how to use the Token Recovery dApp, visit the official documentation page. Contribute to SwingbyProtocol/token-bind-tool development by creating an account on GitHub. Keep in mind that BNB tokens might be either BEP2 or BEP20. Dec 17, 2024 · Trust Wallet has announced that it will discontinue support for BNB Beacon Chain (BEP2/BEP8) tokens in both its mobile app and browser extension. 5 trillion in 2021, representing 67% of centralized exchange volume for that year. Nov 11, 2020 · Adding custom token is simple. BEP2 is a token management set of rules and pre-defined criteria implemented to launch on-chain assets on Binance Chain. Sep 8, 2020 · Binance Smart Chain and Binance Chain work together to ensure that one token can circulate in both formats with confirmed total supply and be used in different use cases. BNB is its own blockchain designed for Binance customers. These tokens can exist on a blockchain that supports them, like Ethereum 's ERC-20 tokens. Sep 9, 2020 · First you need to confirm the team have followed this guide and setup their BEP20 token along with the bridge between BEP2 <-> BEP20 tokens. Convert BTCB to USD with our instant crypto converter and view price trends. BEP20 Tokens: What’s the Difference BEP2 and BEP20 are two types of BNB tokens developed for fundamentally different purposes. Jun 11, 2022 · Differences between BEP20 and BEP2 tokens The difference between BEP2 vs BEP20 lies in the operational side as well as functionality. US offers: Cardano and BEP2 And in the Trust wallet, there are 4 Cardano chains: Cardano TRC10 CDO CardanoBEP2 ADA Binance-Peg Cardano ADA Cream Cardano Token crADA I'm new to this and still trying to figure it out. 66 USD. Firstly, however, you should understand the background to Binance Smart Chain to fully appreciate it. But, when I connect my TrustWallet account, it said Dec 27, 2023 · BEP-20 is a token standard extending Ethereum’s ERC-20 standards. com You can withdraw tokens as BEP20 via your Binance account (if you have one). BEP2 represents a token standard on Binance Chain Oct 19, 2021 · We’ll also go through the BEP2 token standard later in this article. Using BTC as an example, it is linked to a BSC Contract address, allowing for cross-chain transfers. 27 USD with a 24-hour trading volume of $62,786,529. Jan 12, 2025 · Here is how to set up a MetaMask wallet for Binance Smart Chain to manage BEP20 tokens and use it on DApps, like DeFi protocols. BNB Beacon Chain ExplorerAssetsHome Mar 27, 2024 · We would like to explain the differences between modern networks and delve into the BEP2, BEP20, and ERC20 token standards. Feb 15, 2024 · Please, be aware that NEXO Tokens remaining on the BEP2 network after its official discontinuation in June 2024, as announced by BNB Beacon Chain, will remain on the BEP2 network and will no longer be accessible. org BEP-2 is a technical standard for creating and using new tokens on Binance Chain. Please ensure that you do not input an ERC20 address as a BEP20 withdrawal address. These standards support diverse token functionalities across different blockchain platforms. In this article, we’ll delve into the details of both BEP2 and BEP20 token standards and explain why they’re Feb 24, 2025 · BEP2 VS. While Bitcoin, being a cryptocurrency, isn't typically categorized as a token, the introduction of Bitcoin BEP2 changes this narrative. We update our BTCB to USD price in real-time. Nov 7, 2024 · BEP2 tokens, i. Feb 7, 2024 · The Binance team has been proactively working with all listed projects that have tokens deployed on the BEP2 network to ensure that they are able to facilitate a smooth transition for their token holders. Binance will suspend the deposits and withdrawals of token (s) on the BNB Beacon Chain (BEP2) network starting from approximately 2024-04-15 05:50 (UTC). Here list of all BEP20 Tokens are explained with examples, parameters and advantages. Please make sure to select the intended network when trying to deposit and withdraw each asset. Jan 7, 2025 · Explore the differences between BEP2, BEP20, and ERC20 tokens, including their technical structures, use cases, and key advantages. BEP2 tokens can only be used as currency to pay for transactions and staking. After March 31st, 2023, all MATIC BEP2 on BNB Beacon Chain will be burned/discontinued. We also answer common questions about the process, such as “Can I swap BTC for BEP-20?” and “Should I use BEP2 or BEP20 to transfer BNB?” Read on to learn more. This allows Binance Chain to operate, verify transactions, and create new blocks without involving a third authority. It stipulates a set of rules assets should abide by to operate in the chain, and it was initially designed for centralized and decentralized exchanges. BEP stands for Binance Smart Chain Evolution Proposal. BEP2 functions on the Binance Chain, while the BEP20 token standard functions on the Binance Smart Chain, now BNB Sep 24, 2025 · After the transaction is sent, you’ll need to wait for 7 days for the BEP2/BEP8 assets to be recovered on BSC and received in your wallet. Mar 19, 2023 · Identifying Your BNB Token: BEP2 vs BEP20 If you’re new to the world of cryptocurrency, understanding the different types of tokens can be confusing. Jun 1, 2024 · Additionally, if you hold NOW tokens on the BEP2 network, you can exchange them for BSC with no ChangeNOW commission when using ChangeNOW Pro. It is strongly recommended that users transfer their assets to the BSC network to guarantee a smooth and loss-free transition, preserving a 1:1 asset ratio. I have a decent amount of Bep2 Matic token on my trust wallet, and completely missed the announcement that they discontinued the token. Dec 10, 2024 · Recovery of Bnb bep2 and bep2 tokens to Bnb SmartChain on Trust wallet starts on 16th December, 2024 #bnbbep2 #bnb #bnbbep20 #trustwallet Mar 5, 2023 · In this comprehensive guide, we compare different options for swapping Bitcoin (BTC) to Binance Smart Chain's BEP-20 token. Oct 16, 2020 · In this article we will see how to swap from Bep2 token to Bep20 using the Binance Smart Chain and Yield Farming. This article will introduce and compare each of these standards. In short, these standards offer all the key information Mar 28, 2024 · Discover how to migrate your BNB Beacon Chain (BEP2) assets to BNB Smart Chain (BEP20) easily using the Trust Wallet mobile app. Oct 29, 2024 · Binance will stop processing withdrawals and deposit requests for BEP2 tokens in the coming weeks as it winds down the BNB Beacon Chain ahead of its retirement. Note that Binance Chain (BEP2) will cease to exist in June 2024. Bear in mind you need an account to do so. Aug 5, 2024 · BEP2 is a technical standard for creating and using tokens on the Binance Chain. Dec 27, 2021 · Discover the BEP-2 token standard used on the Binance Chain. / KAVA-10C Overview BEP2 Asset Name: KAVA-10C Owner: bnb1uyekdn62yur9zuctzqyd9ckasfvqttjz9c33me What is Bitcoin BEP2? Bitcoin BEP2 is a BNB Chain-issued Bitcoin clone. In this article, we will discuss the differences between BEP2 and BEP20, and help you decide which one to choose. May 11, 2025 · BEP2 is a technical standard governing transactions on the Binance Chain, facilitating asset management, trust minimization, and ensuring operational efficiency. The BEP2 tokens and the BEP20 coins are native to the Binance Chain and Binance Smart Chain, respectively. These popular standards determine a general set of rules, such as how transactions will be accepted, the process for transferring a token, how individuals will access token data, and the overall supply of tokens. We need the new Bep20 tokens. Centralized repo for BEP2 token meta information (logo, website, social network, etc) - bnb-chain/tokens-info Protect your BEP20 tokens against thefts with the best and most-trusted BEP20 wallet - Buy, swap, and stake crypto on Mobile and Desktop. Apr 3, 2024 · The maintenance will take about one hour. Jul 8, 2019 · COTI is among first mainNet native coins to issue a BEP2 token COTI will be issuing a BEP2 token and bridge COTI’s Trustchain with Binance Chain Token issuance took place on 5 July 2019, while May 7, 2024 · Ahead of BNB Beacon Chain's retirement, cross-chain exchange between BNB Beacon Chain (BEP2) and Binance Smart Chain (BEP20) is now available on more than 50 assets in NOW Wallet. Every day, projects announce the transition of their tokens, or a portion of their token supply, to BEP2 from their original mainnet, ERC-20, or NEP Deposits & withdrawals for BEP2 tokens will be suspended starting April 25, 2024 at 7 a. It appears the Trust wallet doesn't have the native Cardano network and I'm still unclear on BEP2 / BEP20, when to use them, pros, cons, etc. BEP20 across a range of categories. Here is the complete list of 15 best BEP20 tokens on Binance smart chain. Jan 15, 2021 · How to swap BEP20 tokens back to BEP2 How does it work to swap BEP20 LTO tokens back to BEP2 tokens? The process is nearly identical to the steps we have taken above, but reversed. Aug 25, 2025 · ERC-20 tokens are a standard for fungible tokens on Ethereum, enabling seamless creation and interaction. Feb 4, 2023 · Being able to transfer Binance tokens (BEP2 and BEP20) on MetaMask can help you interact easily with a plethora of dapps with minimum risk. Vậy BEP20 và BEP2 khác nhau thế nào? Feb 23, 2022 · What Is the BEP-2 Token? BEP-2 tokens are tokens issued and implemented on the Binance Chain. Learn how BNB operates on BEP2 vs BEP20, their advantages, use cases, and which is better for your blockchain needs. Explore more here. XRP BEP2 tokens can be traded on Binance DEX, Binance's decentralized exchange, and offer users a different way to access and use XRP. Prior to the BEP2 network sunset, users are encouraged to deposit BEP2 Binance-pegged tokens (B-tokens) into their Binance accounts. Get the Binance Chain Address On the Main Wallet screen, click on the Network setting at the top. So May 8, 2023 · Bep2 vs Bep20, what is the difference and when are they used. Oct 31, 2024 · To assist holders in this transition, Binance agreed to re-open deposits for CHZ_BEP2 on their exchange, allowing CHZ_BEP2 holders to deposit their CHZ and swap to Chiliz Chain or Ethereum Chain. By the end, you‘ll understand the unique purpose, capabilities, and ideal use cases for BEP2 vs BEP20. Binance Coin (BNB) is a popular cryptocurrency that can be used for a variety of purposes on the Binance platform. It is the token standard powering the Binance Smart Chain. Explore and get the Top 10 Binance Smart Chain BEP20 Token List Guide From Security Tokenizer. See full list on coinguides. Blockchain Network BEP2 tokens are native to BNB Beacon Chain. Oct 29, 2024 · Binance announces the cessation of support for all BEP2 token deposits and withdrawals as the BNB Beacon Chain approaches sunset. Mar 21, 2024 · BNB Beacon Chain (BEP2) Network Sunset Plan: BEP2 Projects to Bind Their Tokens to BEP20 Network and Complete On-Chain Asset Migration! May 13, 2024 · For BEP2 Token Issuers Token binding was introduced to ensure that one token can circulate in both BC and BSC with confirmed total supply. Soon, its functions will be merged with the BNB Binance Smart Chain as part of a strategic plan to streamline the network, reduce security risks, and boost its overall capabilities. EDT. The new token represents ownership of something new, and can also peg to existing tokens from any other blockchains. BEP8 introduced a token protocol that only uses much smaller network resource of Binance Chain by limiting the number of total holders of the tokens, but fits best the use cases for small or micro-projects May 7, 2024 · Ahead of BNB Beacon Chain's retirement, cross-chain exchange between BNB Beacon Chain (BEP2) and Binance Smart Chain (BEP20) is now available on more than 50 assets in NOW Wallet. However, there are two different types of Jul 14, 2023 · By using the BEP2 standard, tokens on Binance Chain can be seamlessly traded on the DEX, offering users a decentralized and user-friendly trading experience. FTM is listed as supported asset in recovery tool. Oct 14, 2025 · BEP-2 is a token standard for issuing and implementing tokens on the Binance Chain. Jan 5, 2025 · Examine the differences between popular token standards, as various blockchains strive to improve and simplify token development processes to attract new audiences and funds. Its price is always similar to that of the underlying asset: Bitcoin, and each BTCB is backed by one real BTC. What is BEP-20? BEP acronym stands for “Binance Chain Evolution Proposal”. The key difference between BEP2 and BEP20 is that the former is native to the Binance Chain while the latter is designed specifically for the BNB Smart Chain. Help please. If a token is bound, then it can be transferred between BC and BSC for different use cases. Two standards of popular tokens that have attracted significant attention in recent times are Binance Coin (BNB) and Binance Dex Token (Bnbbn). BEP2 tokens are the ones running on the original Binance Chain. After the final sunset hard fork, the cross-chain between BC and BSC will be shut down. What Is a Token Standard? Tokens are digital units within a blockchain platform, often specific to an application, that are used for purposes such as the following May 15, 2024 · Binance will stop BNB Beacon Chain (BEP2) token deposits on May 15, 2024, except for Binance-pegged tokens, as the BEP2 network sunsets in June 2024. BEP20: understanding of the Binance Standard token In the world of cryptocurrencies, the token standards play a crucial role in determining the adoption and use of various blockchain platforms. In summary, BEP2 and BEP20 are two distinct token standards used on Binance Chain and Binance Smart Chain, respectively. Oct 16, 2024 · Consolidate BEP2 Assets: CEXs must consolidate BEP2 assets into secure cold wallets before the shutdown.