Ethereum Token (ERC20) to Binance Smart Chain (BEP20)

[Raja Singa]

Dear friends, can we send ERC20 tokens to the BSC wallet address (BEP20). I see that the BSC wallet address with Ethereum (ERC20) is the same. What if we use it to reduce transaction costs.

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[Oshosondy]

You can not.

If the wallet support BSC tokens, then you can send it.

If the wallet do not support BSC and you make a mistake of sending BSC tokens, all you need is to get a wallet that support the BSC, import your private key into the wallet (example of the wallet is Trust wallet) and you will be able to see your BSC token.

The worst case is when you send BSC token to a custodial exchange that do not support it, some exchanges will try to recover back the fund for you, some will not, some will say it depends on the amount sent, but the exchange is having your token certainly but many people will not be given and will lost on the users side, that is why seed phrase (having a private key) is very important. Not your key not your coin.

[AhmadM]

No, definitely you can't send your ERC20 tokens to BSC network directly from your own private wallet, you need help from bridge services for doing that action. Although they have the same address but both of them are on a different chain, if you happen to send it then your ERC20 tokens won't be shown on BSC, the worst case might you will lose the tokens.

[KimmyF]

Dear friends, can we send ERC20 tokens to the BSC wallet address (BEP20). I see that the BSC wallet address with Ethereum (ERC20) is the same. What if we use it to reduce transaction costs.

This question will be repeated so many times because of the same BSC address of Ethereum blockchain in the "Trust wallet". You shouldn't do that without "Trust wallet" support, suppose you shouldn't use the same address as MEW to receive BSC tokens. Just take advantage of which service any wallet provided to us.

[serjent05]

Dear friends, can we send ERC20 tokens to the BSC wallet address (BEP20). I see that the BSC wallet address with Ethereum (ERC20) is the same. What if we use it to reduce transaction costs.

Yes you can send your ERC20 token to BSC wallet address(BEP20) since they both use ETH address.  The thing is you cannot see your ERC20 token on BSC chain.  If you are using metamask, you need to set your network to Ethereum Main network to be able to see your ERC20 token (just add the contract address of the token you are sending).  Things is likewise in BSC.  But if you want to use it to reduce your transaction costs, you are still charged in ETH if you send ERC20 token and BNB(bsc network) if you send BEP20.  Though you can swap your ERC20 token to BEP20 token through Binance Bridge (if it is supported by Binance smart chain) and it is still charged in ETH until your token is converted to BEP20.

Meaning you need to convert your ERC20 token to BEP20 token in order to enjoy the reduced transaction cost.  Just sending your ERC20 token to BEP20 wallet address do not reduce your tx fee since the transaction is still on the Ethereum chain.


Btw, you shouldn't send an ERC20 token to an exchange platform's BEP20 address(since it will be lost).  It is ok to send them to your own BEP20 address (the one you hold the private key) since it won't be lost even though you can't see it on the BSC network but you can find them on the ETH network.

In short ETH address is capable of receiving ERC20 token and BEP20 token.

[Kabul]

Dear friends, can we send ERC20 tokens to the BSC wallet address (BEP20). I see that the BSC wallet address with Ethereum (ERC20) is the same. What if we use it to reduce transaction costs.

You cant send erc20 token to the BSC wallet address.

Actually, if you use erc20 for sending, your token will remain the same chain. In order to change it, you need to have a converter, sort of BInance, because the exchange provide a good ecosystem to convert erc20 token to bsc token (if your token is supported on both chain)

[ryzaadit]

-snip-

Still to much need to do.

I guess If the destination address supported both chain and your token on ETH chain should be can't right? the reason your token is ETH chain but the address destination support both addresses and you want to send into BSC address should be can't because you don't have a token on your address with BSC chain before you actually bridge the token or the token is available a version pegged token on BSC chain.

This whole explanation still makes me confused ~ LOL IMO, this whole things still dangerous at all, and everyone have some potential to lose the token or your fund.

[NewRanger]

No, definitely you can't send your ERC20 tokens to BSC network directly from your own private wallet, you need help from bridge services for doing that action. Although they have the same address but both of them are on a different chain, if you happen to send it then your ERC20 tokens won't be shown on BSC, the worst case might you will lose the tokens.

its true, every project which is migrate to binance smart chain now building bridge. so trader could swap or convert their eth token to bsc. as we know swapping eth token in dex like uniswap need alot of gas fee and much people complaint on it. bridge was the solution for all this , so its why binance and dex in bsc will growth beat ethereum dex.

[CaVO32]

No, definitely you can't send your ERC20 tokens to BSC network directly from your own private wallet, you need help from bridge services for doing that action. Although they have the same address but both of them are on a different chain, if you happen to send it then your ERC20 tokens won't be shown on BSC, the worst case might you will lose the tokens.

its true, every project which is migrate to binance smart chain now building bridge. so trader could swap or convert their eth token to bsc. as we know swapping eth token in dex like uniswap need alot of gas fee and much people complaint on it. bridge was the solution for all this , so its why binance and dex in bsc will growth beat ethereum dex.

One thing to make sure you are doing the right thing is ask the team themselves if they are supporting the BSC network for their token. Normally, if a project, an ERC20 token switch to BSC or make a bridge to BSC network, they will give announcements to its holders. And they will also give tutorials on how to transfer their token to BSC network. Remember, it is not the first time someone asked regarding this. But better communicate straight to the token dev or the group channel as they can direct you in a much direct way.

[boty]

No, definitely you can't send your ERC20 tokens to BSC network directly from your own private wallet, you need help from bridge services for doing that action. Although they have the same address but both of them are on a different chain, if you happen to send it then your ERC20 tokens won't be shown on BSC, the worst case might you will lose the tokens.

its true, every project which is migrate to binance smart chain now building bridge. so trader could swap or convert their eth token to bsc. as we know swapping eth token in dex like uniswap need alot of gas fee and much people complaint on it. bridge was the solution for all this , so its why binance and dex in bsc will growth beat ethereum dex.

One thing to make sure you are doing the right thing is ask the team themselves if they are supporting the BSC network for their token. Normally, if a project, an ERC20 token switch to BSC or make a bridge to BSC network, they will give announcements to its holders. And they will also give tutorials on how to transfer their token to BSC network. Remember, it is not the first time someone asked regarding this. But better communicate straight to the token dev or the group channel as they can direct you in a much direct way.

mostly , dev team always make announcement about it, and usually community want this bridge due it could create hype when a project join on binance smart chain ecosystem. its really easy for us ,only follow the instruction and every token automaticly will migrate to bsc , so special skill for us to do it.

[Falconer]

Dear friends, can we send ERC20 tokens to the BSC wallet address (BEP20). I see that the BSC wallet address with Ethereum (ERC20) is the same. What if we use it to reduce transaction costs.

No, I understand what you mean by sending an erc20 token with a gas fee of bep20 and then hoping that the recipient's address will automatically receive a bep20 token. lol, not magic bro
I think maybe in the future the erc20 to bep20 swap will be available to solve the gas transaction fee problem.

[sulis sudibyo]

Dear friends, can we send ERC20 tokens to the BSC wallet address (BEP20). I see that the BSC wallet address with Ethereum (ERC20) is the same. What if we use it to reduce transaction costs.

actually the address used is the same but different networks. so you cannot send ERC20 tokens to BEP20 or vice versa. You have to transfer to the exchange first. for example you want to send bnb (erc20) to the bsc network. You have to transfer it to the Binance exchange, then transfer it to a wallet on the BSC network.

[_IRMAN]

Dear friends, can we send ERC20 tokens to the BSC wallet address (BEP20). I see that the BSC wallet address with Ethereum (ERC20) is the same. What if we use it to reduce transaction costs.

You can send it, but your token will remain on the ERC20 network and not change to BEP20.

[john1010]

Dear friends, can we send ERC20 tokens to the BSC wallet address (BEP20). I see that the BSC wallet address with Ethereum (ERC20) is the same. What if we use it to reduce transaction costs.

Impossible. you need to identify first because failure of transfer in a wrong chain cause losing of your funds forever, before you transfer your eth to other wallet, make sure that you look first the chain the wallet are supported vice versa.

[anu1908]

But sending ERC20 tokens to BSC wallets does not cause this problem because both of them use ETH network.

while they share some similarities, doesn't mean you can substitute one with another. like others mentioned above, you can't simply send your erc tokens and trade it on pancakeswap, just like how you can't send eth and then use it on bsc chain. be careful with it.

[mu_enrico]

Your ERC token will stay in ETH chain as there is no direct method to jump ship from ETH to BSC, except via gateway that convert ERC20 to BEP20. Some tokens offer this functionality when you go to the gateway -> convert your ERC to BEP -> ERC locked or burned -> BEP sent to a designated address. And it still cost you ETH fees plus BNB fees. Suck!

[Bttzed03]

~ What if we use it to reduce transaction costs.

This is only possible if you are using exchanges/wallets that supports BEP20 tokens and the token itself is also on BSC.

On Binance for example, you can send SUSHI under BSC network to a non-custodial wallet like Safepal. You'll probably spend less than $1 on that. If you want to convert it back as erc-20, you can use the wallet's swap feature.

[Dr.Osh]

basically, the platforms are different, ERC uses ETH whereas BSC uses BNB, and that obviously can't. however, it would be different if a particular project swapped from ERC to BSC. however, at the moment it doesn't seem like there is anything like it. most of the time people are back to developing new projects with the BSC platform.

[airdata]

Never try to send your ERC20 network token on BSC network becouse this two network is different and if you want to send your ERC20 token on BSC network then you lose your token. But if your token Support BSC network then you can do it.       

[k@suy]

You cant send erc20 token to the BSC wallet address.

Actually, if you use erc20 for sending, your token will remain the same chain. In order to change it, you need to have a converter, sort of BInance, because the exchange provide a good ecosystem to convert erc20 token to bsc token (if your token is supported on both chain)

Well there are already a way to send ERC token to BSC wallet and that is what a bridge of blockchains do. Maybe this was a big challenge way back then about converting or sending from different blockchains but now it is already resolve. And in fact, there are already projects existing that are using this bridge like APYSwap. Well I don't have any idea of what other ICO projects that are using this bridge blockchain too.