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Title: Do I send Ramp defi as erc or binance chain ? Post by: Why you bully me on March 27, 2021, 04:41:38 AM Hi!
I currently have Ramp defi on my binance account. I want to switch it over to my trust wallet. I just don't know if it's an erc20 or the binance chain one or can I just choose? Any help is greatly appreciated for a noob like me :D I tried searching for the answer online but no luck lol. Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: Charles-Tim on March 27, 2021, 07:02:46 AM You can move this to 'altcoins discussion'.
I currently have Ramp defi on my binance account. I want to switch it over to my trust wallet. I just don't know if it's an erc20 or the binance chain one or can I just choose? Trust wallet support both, you can choose any of the two, don't you noticed both even have the same address, which is your ethereum address? Sending it should not be a problem. Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: Why you bully me on March 27, 2021, 07:20:40 AM You can move this to 'altcoins discussion'. I currently have Ramp defi on my binance account. I want to switch it over to my trust wallet. I just don't know if it's an erc20 or the binance chain one or can I just choose? Trust wallet support both, you can choose any of the two, don't you noticed both even have the same address, which is your ethereum address? Sending it should not be a problem. oh thanks, why do they have two if they are the same address? Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: Charles-Tim on March 27, 2021, 07:46:51 AM oh thanks, why do they have two if they are the same address? ERC20 tokens are on ethereum blockchain and transferring funds to such ERC20 will require ethereum address, BEP2 is for binance tokens, if you issue a token on binance chain, the binance chain is BEP2. ERC20 tokens addresses start with 0x which are ethereum addresses Binance chain token addresses start with bnb which are binance coin addresses But to bridge ERC20 with BEP2 (binance chain) is the reason for BEP20 (binance smart chain) which have its addresses starts from ethereum (0x-prefix) addresses. Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: cryptoaddictchie on March 27, 2021, 09:22:53 AM oh thanks, why do they have two if they are the same address? Its same but they have both different blockchains. One on eth network and one on Binance chain. I am confuse also before with this, like binance chain is simply like an erc20 address on a different chain. One thing or differences is the fee will be lowered on bsc network when you pick it over the eth network. Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: Charles-Tim on March 27, 2021, 10:26:51 AM Its same but they have both different blockchains. One on eth network and one on Binance chain. I am confuse also before with this, like binance chain is simply like an erc20 address on a different chain. One thing or differences is the fee will be lowered on bsc network when you pick it over the eth network. No, binance chain have different address entirely and not the same as binance smart chain. Try to check my post above. Or, let me explain it better. Ethereum blockchain (ERC20) Example if the address: 0xf750308545Bd20B3D6757af3A9d745824F7d0CBe Binance Chain (BEP2) Example of the address: bnb1r9w8xsxxn7wyf2jqqep70xxj3acqesv8ye3j9m Binance smart chain (BEP20) Example of the address: 0xf750308545Bd20B3D6757af3A9d745824F7d0CBe Can you see that ERC20 addresses are the same as BEP20 addresses but completely different from BEP2. People should not mistaken this, I gave OP that answer because he said on Binance, why Ramp not yet support BEP2 on binance, I knew he meant BEP20 (binance smart chain). Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: mikel_012 on March 27, 2021, 11:18:27 AM oh thanks, why do they have two if they are the same address? Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: Why you bully me on March 27, 2021, 06:10:01 PM oh thanks, why do they have two if they are the same address? Its same but they have both different blockchains. One on eth network and one on Binance chain. I am confuse also before with this, like binance chain is simply like an erc20 address on a different chain. One thing or differences is the fee will be lowered on bsc network when you pick it over the eth network. so pretty much i can choose what blockchain i want to send ramp? then sending it on binance chain would be my best bet? did i understand this correctly and thank you :) Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: JeffBrad12 on March 28, 2021, 10:24:35 AM so pretty much i can choose what blockchain i want to send ramp? then sending it on binance chain would be my best bet? did i understand this correctly and thank you :) Yes you can choose it but that depends on what kind of asset that already used by your ramp and if that was using binance chain and then you must use it on your BSD address that will be using BSC chain as a way to deliver your token. BSC is the best chain consider it's having cheap fees rather than ethereum chain Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: Why you bully me on March 29, 2021, 03:33:04 AM so pretty much i can choose what blockchain i want to send ramp? then sending it on binance chain would be my best bet? did i understand this correctly and thank you :) Yes you can choose it but that depends on what kind of asset that already used by your ramp and if that was using binance chain and then you must use it on your BSD address that will be using BSC chain as a way to deliver your token. BSC is the best chain consider it's having cheap fees rather than ethereum chain ahh, its just sitting on my binance exchange so ill just switch it over as bsc thx :). Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: btcltcdigger on March 29, 2021, 07:19:21 AM so pretty much i can choose what blockchain i want to send ramp? then sending it on binance chain would be my best bet? did i understand this correctly and thank you :) Yes you can choose it but that depends on what kind of asset that already used by your ramp and if that was using binance chain and then you must use it on your BSD address that will be using BSC chain as a way to deliver your token. BSC is the best chain consider it's having cheap fees rather than ethereum chain ahh, its just sitting on my binance exchange so ill just switch it over as bsc thx :). Yeah, the fee should be cheapest on BSC. I don't support or like BSC, but i guess paying $0.5 instead of $15 is good any day Title: Re: Do I send Ramp defi as erc or binance chain ? Post by: Why you bully me on April 01, 2021, 05:39:32 AM so pretty much i can choose what blockchain i want to send ramp? then sending it on binance chain would be my best bet? did i understand this correctly and thank you :) Yes you can choose it but that depends on what kind of asset that already used by your ramp and if that was using binance chain and then you must use it on your BSD address that will be using BSC chain as a way to deliver your token. BSC is the best chain consider it's having cheap fees rather than ethereum chain ahh, its just sitting on my binance exchange so ill just switch it over as bsc thx :). Yeah, the fee should be cheapest on BSC. I don't support or like BSC, but i guess paying $0.5 instead of $15 is good any day why dont u like bsc :P? |