Topic: Ethereum Token (ERC20) to Binance Smart Chain (BEP20) - page 3. (Read 578 times)

As far as I know, if your token is in the form of ERC 20, the costs incurred are also ERC 20, and vice versa for BEP or BSC,
if you want to reduce costs try to swap your token to bep, by using a trust wallet,
sorry if I am wrong

No, not really because I was already done that accidentally in the Binance wallet and it was not shown on the BSC Network address, But we can indeed use the same address if the wallet has supported both BSC and ERC20 of Ethereum Network Its a small amount only that's why I don't bother to recover it anymore because Binance already warned that it will be lost if it was sent to the wrong network.

Don't ever do that because in the worst case you will lose your coins. at a glance Between ERC20 and BEP20 look the same from the address right ?? In fact, the two are on different networks. So the conclusion is that ERC20 and BEP20 are different.

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.

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.       

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.

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.

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!

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.

You can do this because both of these use the ETH address. If you make the mistake of changing the identity of a token by sending it to an address based on another network.
For example, if you send your dogecoin to an ETH address, you lose it because both are independent networks. But sending ERC20 tokens to BSC wallets does not cause this problem because both of them use ETH network.

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.

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

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.

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.

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.

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.

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.

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.

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)

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.

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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.