Pages:
Author

Topic: Ethereum Token (ERC20) to Binance Smart Chain (BEP20) - page 2. (Read 595 times)

member
Activity: 1218
Merit: 49
Binance #Smart World Global Token


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.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
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. Huh
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.
copper member
Activity: 812
Merit: 12
I ❤ ₿itcoin and Ethereum
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. Huh
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.
jr. member
Activity: 199
Merit: 1
Presently now with the look of thing BSC is taking as the best with no other things than cheap transaction fees, which is making it gain ground, believe if Eth does not have gas fee might not thrive.
full member
Activity: 560
Merit: 217
It is same address but different network, different protocol. You can not send erc20 token to bep20 and vise versa. If you send the token it could probably gone forever. Different type or mining too. But if the token developer have smart contract on Bep20 you can swap it.
legendary
Activity: 2282
Merit: 1023
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. Huh
As explained by others the BSC wallet address looks the same as ERC20 address simply because they ripped off the entire code but you cannot send ERC20 tokens to BSC wallets, same like you cannot send Bitcoin to Bitcoin Cash wallet. Hope you will not do that kind of blunders as you are aware that the cross transactions can be irreversible and you will loose the coins forever  Tongue.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
You can't, to avoid losing the tokens or assets you send, you must always ensure that tokens on the BSC network must also be sent to wallets that support the BSC network. Crossing the token delivery mechanism will cause your token to burn and you will lose your assets.

Even though the addresses listed are the same, they actually run on different protocols and platforms, so ERC20 and BEP20 do not support each other.

To find out more details about the ERC20 and BEP20 coins, you can read this article as another reference that can make you understand about these two types of tokens: ERC20 to BEP20 — Complete Guide
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
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. Huh
Don't try it, you will loose your tokens, yes, the address and even the private key might be the same, but understand that this are two different blockchains, the tokens  you are sending from Ethereum blockchain is sure built on Ethereum but not built on binance smart chain, so therefore this means that you wil loose them if you send them to bsc, likewise you can't send tokens built only on binance smart chain over to Ethereum as erc20 tokens, you will loose your tokens, except the token is ruining in both blockchains, then the team of developers of the project will provide you with a guideline on how to switch the token from one blockchain to the other.
sr. member
Activity: 2030
Merit: 356
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. Huh

If you are using trust wallet, then it may work but in all other ways, you will lose your coins. I will suggest you to pay some extra fee and use ethereum chain to transfer ERC20 tokens. The addresses for erc20 and BSC wallet address (BEP20)  may seems similar but they are on different blockchain which are not linked in any way.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
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.       
This is correct but not 100% correct. If you send to an exchange in this way then the coin can be lost if the customer care do not help, like the customer care will not help and it is good to be on the safer side, prevention is better than cure because there might be no cure and the coin could lost forever. But if it is noncustodial wallet it is sent to, all the person need to do is to get the seed phrase or private key on the wallet that support BSC, after importing the seed phrase, the coin will appear.
full member
Activity: 1498
Merit: 146
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. Huh
You will lose your tokens if you send it, its possible though through bridging but if you send from your ethereum wallet to BSC wallet address then the coins will lose forever...

The gas fee reduced a lot for ethereum transaction in the current week so if you want you can make use of it, or try learning how to connect your ethereum wallet on Binance network using metamask wallet.
hero member
Activity: 1918
Merit: 564
You'll need a bridge to do that check this article this will help you and solve you issue

How to Move Assets from Ethereum to Binance Smart Chain — Binance Bridge

I guess this would help me, I did send ETH from Binance to my MEW wallet using the BSC and the balance did not appear, it was stupid move by me as I did not research much before doing it, I just called it a test and just put a small amount, but with this info, I'm not interested and see if I can still recover it again.

I believe that when you send ETH under BEP20 on Binance, you can get wrappedEth [wETH], meaning Binance will automatically convert your ERC20 ETH to Bep20 Eth and you won't find it on mew as I guess BSC isn't supported on MEW.  You can check it on Metamask or other wallet that support BSC network.  You can also check it on the BSC explorer and I am 100% sure that your ETH is there.
full member
Activity: 826
Merit: 105
The address is the same because BSC created a bridge that is 100% compatible with ETH.
BSC and ETH are two different blockchains. Projects have recently moved their tokens to BSC to save on transactions so you can find the same token run on two different chains.
full member
Activity: 910
Merit: 101
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. Huh

It is unlikely that you will lose your coin, because the ETH and BSC networks are very different,
even if at first glance the wallet address is the same.
sr. member
Activity: 1479
Merit: 273
Seabet.io | Crypto-Casino
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. Huh
I think it is different chain, maybe i wouldn't try anything to send my ERC20 token to BEP20. Like when use bridge, you still must pay Ethereum maybe in next or future, because of this problem maybe a lot of project will start their tokens from BEP20 and then people wouldn't need to pay much about fees.
hero member
Activity: 2856
Merit: 667
You'll need a bridge to do that check this article this will help you and solve you issue

How to Move Assets from Ethereum to Binance Smart Chain — Binance Bridge

I guess this would help me, I did send ETH from Binance to my MEW wallet using the BSC and the balance did not appear, it was stupid move by me as I did not research much before doing it, I just called it a test and just put a small amount, but with this info, I'm not interested and see if I can still recover it again.
hero member
Activity: 1918
Merit: 564
It is funny how many of us here have advance thinking  Grin.  OP asked if we can send ERC20 token to BEP20 wallet address.  See the bold letter, the answer is Yes we can send it but as what _IRMAN stated :
You can send it, but your token will remain on the ERC20 network and not change to BEP20.

and Falconer

Quote
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

It isn't magic and still need a Binance Bridge to be able to convert your ERC20 token to BEP20 and that is still charged in ETH as gas.
full member
Activity: 532
Merit: 104
It is not possible to send tokens from the ETH chain to the BSC chain. The two chains are completely different, but having one token on two blockchains is entirely possible. Currently, BSC has a bridge that is 100% compatible with ETH so the address of the token is the same.
hero member
Activity: 2996
Merit: 598
Leading Crypto Sports Betting & Casino Platform
You'll need a bridge to do that check this article this will help you and solve you issue

How to Move Assets from Ethereum to Binance Smart Chain — Binance Bridge
full member
Activity: 854
Merit: 102
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. Huh

We have tried it, but cannot send nor add custom token at BSC, because BSC does not support the Ethereum blockchain smart contract. If you send it, you will lose. So, you should check in detail before sending your token.
Pages:
Jump to: