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Author Topic: I want to send ETH from exchange to Binance Smart Chain then to erc-20 wallet  (Read 37 times)
Princejebs (OP)
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February 06, 2021, 07:37:38 AM
Last edit: February 06, 2021, 08:25:37 AM by Princejebs
 #1

The past two days, Ethereum transaction fee hasn't been friendly and the increasing price of Ethereum is making it worse.
The exchange withdrawal fee (0.005 eth) is high but I noticed Binance Smart Chain is almost zero.

I am trying to make withdrawal using Smart Chain to my Trust wallet Smart Chain address that supports Ether since the address are both the same (BSC and ERC-20 have the same address).
Then make transfer of the Eth back to my normal erc-20 which will be cheaper instead of paying 0.005 eth to exchange directly.

Is this possible and has anyone try it before?
TryNinja
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February 06, 2021, 08:06:34 AM
 #2

No, it's not possible. If you send to your wallet through the BSC, you will receive the coins on the BSC. You won't have any ERC20 ETH to send through the native chain.

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webtricks
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February 06, 2021, 08:35:28 AM
 #3

I am trying to make withdrawal using Smart Chain to my Trust wallet Smart Chain address that supports Ether since the address are both the same (BSC and ERC-20 have the same address).
Then make transfer of the Eth back to my normal erc-20 which will be cheaper instead of paying 0.05 eth to exchange directly.

Is this possible and has anyone try it before?

Nope, both chains are non-compatible. It's no different than saying, 'can we transfer BTC to ETH address?'.

If you withdraw your coins to BSC chain, you can only send it to other address on BSC chain or back to Binance.
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