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Author Topic: ERC20 token through BNB chain?  (Read 66 times)
bigboy21 (OP)
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February 23, 2021, 01:18:34 AM
 #1

gateio where my assets sit ONLY allow me to send via BNB/BEPT20

ledger x says binance chain is an ERC20 token

so i am worried it wont go through if i put RUNE down a BNB pike to be received as ERC20 token in my ledger wallet.
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mk4
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February 23, 2021, 03:57:28 AM
 #2

If your Ledger(or Ledger Live) is saying that BNB is an ERC20 token, probably update it to the latest firmware.

Here's the complete guide for Ledger and Binance DEX(which you're going to use to access your wallet): https://www.binance.org/static/guides/DEX-Ledger-Documentation.html

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bigboy21 (OP)
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February 23, 2021, 04:51:47 AM
 #3

it is saying that RUNE is an ERC token. But the issue is Gateio will only let me send it through BNB chain.

my firware is already up to date too.
mk4
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February 23, 2021, 04:57:19 AM
 #4

it is saying that RUNE is an ERC token. But the issue is Gateio will only let me send it through BNB chain.

my firware is already up to date too.

Based on ThorChain's website, it seems like RUNE has both a BNB version and an ETH ERC20 version. Since Gateio only lets you withdraw it through Binance Chain, then you pretty much don't have any choice. Fortunately Ledger supports Binance Chain. Just follow the guide I've linked in my previous response.

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cryptoaddictchie
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February 23, 2021, 05:42:53 AM
 #5

it is saying that RUNE is an ERC token. But the issue is Gateio will only let me send it through BNB chain.

my firware is already up to date too.
Or you can simply send the rune tokens to Binance and from there you can send it to your ledger. Im sure Binance supported all possible blockchain from a certain project and withdraw it through the erc20 format from there. You just spend time and fee for that, but if you managed what mk4 suggested then you are good to go.

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bigboy21 (OP)
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February 23, 2021, 06:11:32 AM
 #6

thanks guys
bigboy21 (OP)
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February 23, 2021, 04:57:45 PM
 #7

I got an address following the intructions but its not showing up in ledger live as binance chain. so i got the address but im a little concerned it wont work

think i will send it to binance us exhchange. paranoid question. they are saying that i should deposit a BNB coin. even thought its RUNE i am sending. will this work? They are giving me a BEP2 address.
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