Do I send Ramp defi as erc or binance chain ?

Why you bully me

member

Activity: 148

Merit: 13

Quote from: btcltcdigger on March 29, 2021, 02:19:21 AM

Quote from: Why you bully me on March 28, 2021, 10:33:04 PM

Quote from: JeffBrad12 on March 28, 2021, 05:24:35 AM

Quote from: Why you bully me on March 27, 2021, 01:10:01 PM

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 Tongue

?

btcltcdigger

hero member

Activity: 2086

Merit: 761

To boldly go where no rabbit has gone before...

Quote from: Why you bully me on March 28, 2021, 10:33:04 PM

Quote from: JeffBrad12 on March 28, 2021, 05:24:35 AM

Quote from: Why you bully me on March 27, 2021, 01:10:01 PM

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 you bully me

member

Activity: 148

Merit: 13

Quote from: JeffBrad12 on March 28, 2021, 05:24:35 AM

Quote from: Why you bully me on March 27, 2021, 01:10:01 PM

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

.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: Why you bully me on March 27, 2021, 01:10:01 PM

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

Why you bully me

member

Activity: 148

Merit: 13

Quote from: cryptoaddictchie on March 27, 2021, 04:22:53 AM

Quote from: Why you bully me on March 27, 2021, 02:20:40 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.

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

mikel_012

member

Activity: 109

Merit: 15

Quote from: Why you bully me on March 27, 2021, 02:20:40 AM

oh thanks, why do they have two if they are the same address?

they have the same address but different networks so you need to select the network you want to use when send the coins. trust wallet can do the swap between networks easily so you can have erc20 and send bep20

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: cryptoaddictchie on March 27, 2021, 04:22:53 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).

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

Quote from: Why you bully me on March 27, 2021, 02:20:40 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.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: Why you bully me on March 27, 2021, 02:20:40 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.

Why you bully me

member

Activity: 148

Merit: 13

Quote from: Charles-Tim on March 27, 2021, 02:02:46 AM

You can move this to 'altcoins discussion'.

Quote from: Why you bully me on March 26, 2021, 11:41:38 PM

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?

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

You can move this to 'altcoins discussion'.

Quote from: Why you bully me on March 26, 2021, 11:41:38 PM

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.

Why you bully me

member

Activity: 148

Merit: 13

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 Cheesy

I tried searching for the answer online but no luck lol.

Topic: Do I send Ramp defi as erc or binance chain ? (Read 126 times)