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

[Handsome Boy]

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.

never try to send your token from ERC20 to BSC or from BSC to ERC20, because you will lose your token, so even though the address code of ERC20 and BSC is the same, but of course ERC20 and BSC have different blockchain, so you cannot send your token from ERC20 to BSC or from BSC to ERC20, therefore if you don't want to lose your token then don't ever do it.

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[boty]

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.

never try to send your token from ERC20 to BSC or from BSC to ERC20, because you will lose your token, so even though the address code of ERC20 and BSC is the same, but of course ERC20 and BSC have different blockchain, so you cannot send your token from ERC20 to BSC or from BSC to ERC20, therefore if you don't want to lose your token then don't ever do it.

so we have to use bridge to convert from erc blockchain to bsc. if we dont use bridge ofcourse we will loose our money. i think we have to understand this basic information to save our asset. not every  erc 20 token could convert , developer team must provide the bridge and community should now about it when dev announce about migration.

[DapanasFruit]

I had been asking for this same thing before...maybe because in the TrustWallet one has the same address for both the Smart Chain and Ethereum and yes you can have ERC-20 and BEP20 send to the same address, but it is the sending away from your TrustWallet that one has to be careful. Actually, though it is convenient to have the same address for both networks am sure this can be a cause of confusion for many especially when it is time for them to send the asset from TW. Anyway, one must always be careful and must check triple times before clicking send.

[RussianEnglishTranslation]

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 need to bridge your tokens to BSC from Ethereum. The bridge only supports a few tokens. You can either sell your tokens for ETH, bridge the ETH and rebuy the tokens on BSC or use the ETHEREUM to xDAI bridge then bridge to BSC bridge (only do this if the token doesn't exist on BSC yet. Tokens will have different contract addresses on each chain even though your wallet address stays the same, so be careful.

[noorammak]

They are basically two different blockchains and they are not related. The address similarity between the two chains is because they have a bridge that is 100% compatible with each other.
You can turn ERC20 into BEP20 if the project's token is integrative and convertible on the bridge that BSC built.

[fortune1002]

It is not possible mate. You can't send Erc20 tokens to bep20 wallet or BEP20 token to Erc20 wallet because they are different network. In some wallets the address of ERC 20 and Address of BEP20 is same in this you can send but token network will remain same it will not change

[kevinzxz]

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.

if you want to throw away your token, then you can try to send your ERC20 token to BSC, because surely your token will be lost, therefore never send ERC20 token to BSC if you don't want to lose your token, because you will never be able to send token from ERC20 to BSC until whenever (ERC20 and BSC are different things).

[Ivan2121]

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.

HELLO, help me understand my problem. How do I send an "EQL" token to the Binance Dex exchange for trading?

[shushu9977]

No, it is impossible, because ERC-20 and Binance Smart Chain(BEP-20) are totally different network. If you send your token which you describe, then I think, you lose your token, so be careful. If you don’t lose your token, then you should send on right track(erc-20 send to erc-20 address and bep-20 send to bep-20 address).

[Ivan2121]

HELLO, help me understand my problem. How do I send an "EQL" token to the Binance Dex exchange for trading?

[Ghondronk]

Even though BEP20 is an extended version of ERC20, you can not send ERC2- tokens directly to BSC. I thin this confusion might have occurred due to the fact that you see the same wallet address for both types of tokens on Trust Wallet. In fact, in that case, though addresses are same, the wallet does the rest for you. But in other wallets, which are especially designed either fro ERC20 or BEP20, this can not be done.  

[zasad@]

HELLO, help me understand my problem. How do I send an "EQL" token to the Binance Dex exchange for trading?

EQL is a token on the Binance Chain (BNB) BEP2
https://explorer.binance.org/asset/EQL-586

Download wallet Binance Chain
https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp
Send your tokens to this wallet.
The wallet starts with "bnb .."

You can trade on a Binance Chain exchange
https://www.binance.org/

[tabas]

This is why most of the traders has to be careful with their transfers before going on. Check and ask if your receiver or the exchange is BEP20 token/network.
And you verify it first if it's ERC20 token because your funds that will be transferred from ERC20 network to BEP20 could be lost forever especially if that's your life savings.

[zasad@]

Let's take any Binance Chain (BNB) BEP2 address:
bnb1mpfjh965wet0q0he05keds5q7fn4mqg8w6x2hn
Try sending ERC20 tokens to this address. I just tried it and my wallet says it's an invalid address.
I think that if you want to send BEP2 tokens to an Ethereum address, you will have the same error.
But you need to be careful

[Masyudhi]

looks like the OP has a slightly wrong understanding, or the OP is still confused with some addresses that are mentioned and mistaken for the same.
BEP 20 is not a binance smart chain (BSC). but I am sure what the OP means is the BSC which has the same address form as ERC 20.
Anyway, what the OP wants, I'm sure, won't happen. because the ERC network will certainly be different from the use of the BSC network. although the BSC network can also be opened with a metamask, all the assets we have in the wallet must change when we adjust the network from ERC to BSC.

[Ivan2121]

HELLO, help me understand my problem. How do I send an "EQL" token to the Binance Dex exchange for trading?

EQL is a token on the Binance Chain (BNB) BEP2
https://explorer.binance.org/asset/EQL-586

Download wallet Binance Chain
https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp
Send your tokens to this wallet.
The wallet starts with "bnb .."

You can trade on a Binance Chain exchange
https://www.binance.org/

Thank you for answering me.
EQL I have on Trust Wallet and they are in ERC20, I can not send to bmb wallet, I read that it needs to be done through Binance Bridge? That's the problem.


As far as I understand I need to somehow send EQL-ERC20 to EQL-BEP2? But I don't know how.


EQL on Trust Wallet -  https://i.ibb.co/FVHrkbW/Screenshot-2021-05-25-09-30-54.jpg

Binance Bridge -  https://i.ibb.co/42v0vtm/Screenshot-8.jpg

[Jawhead999]

-snip-

Thank you for answering me.
EQL I have on Trust Wallet and they are in ERC20, I can not send to bmb wallet, I read that it needs to be done through Binance Bridge? That's the problem.

As far as I understand I need to somehow send EQL-ERC20 to EQL-BEP2? But I don't know how.

After some research it seems I know what's the problem with you. The first time Equal token created is using Ethereum network (ERC-20), but on June 8, 2019 they announce to change the network to Binance smart chain (BEP-20) [1]

So you're need to swap your EQL-ERC20 to EQL-BEP2 from Equal wallet itself, but I didn't really sure it will works right now because they write July 1, 2019 is the last day to swap it.

But it's not wrong to try since there's no way except this, if the features is gone... write a ticket to the support is the last chance.
[1] https://equalnetwork.medium.com/how-to-swap-the-eql-token-bf0007d2726d

[santiPOGI]

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 as long as it is under BSC platform mate,  but if it is under ERC20 probably you can't, it won't work for sure.
Before, I never know its not possible, but I was wrong due to as long as the platform is under BSC there will be no problem
at all about it. But still being cautious as an individual here need to be apply in the first place.

[kenelmark]

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.

In my experience, you can only send BEP20 tokens to ERC20 wallets. However, your token is still BEP20, and to do the transaction you have to change the mainnet to BSC.

[Ivan2121]

-snip-

Thank you for answering me.
EQL I have on Trust Wallet and they are in ERC20, I can not send to bmb wallet, I read that it needs to be done through Binance Bridge? That's the problem.

As far as I understand I need to somehow send EQL-ERC20 to EQL-BEP2? But I don't know how.

After some research it seems I know what's the problem with you. The first time Equal token created is using Ethereum network (ERC-20), but on June 8, 2019 they announce to change the network to Binance smart chain (BEP-20) [1]

So you're need to swap your EQL-ERC20 to EQL-BEP2 from Equal wallet itself, but I didn't really sure it will works right now because they write July 1, 2019 is the last day to swap it.

But it's not wrong to try since there's no way except this, if the features is gone... write a ticket to the support is the last chance.
[1] https://equalnetwork.medium.com/how-to-swap-the-eql-token-bf0007d2726d

Thank you