Ethereum Token (ERC20) to Binance Smart Chain (BEP20) - page 4.

KimmyF

sr. member

Activity: 978

Merit: 250

Quote from: Raja Singa on April 29, 2021, 12:36:02 PM

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

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.

AhmadM

sr. member

Activity: 1022

Merit: 308

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.

Oshosondy

legendary

Activity: 1554

Merit: 1167

Gamble responsibly

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.

Raja Singa

member

Activity: 98

Merit: 34

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

Topic: Ethereum Token (ERC20) to Binance Smart Chain (BEP20) - page 4. (Read 578 times)