I wanted to do a transaction on binance, i buy carlty coins with usdt, I try several times the transactions keep showing unsuccessful, only to figure out that the address must be pep20 binance smartchain. Why is this PEP20 preferred wallet address to others?
It's caused by such address has been owned by the binance ecosystem itself. The main concern must be on the transaction fees. I often used binance BEP20 BUSD or USDT too. People are always concerning about how big the transaction fees when they were using another blockchain like ethereum.
Even these days the second layer blockchain was also charging you a lot of fees. That's why anyone preferred to use BEP20 rather than another blockchain.
Im also using tron USDT to do the transactions too. This is also very good blockchain. Sometimes your transaction just need a few seconds to be delivered.
It's all about how to get a blockchain that will make you to pay the small fees. You can imagine that if the fees was very expensive and people will be only wasting their money just to pay the fees.
BEP20 has low fees combined with fast transaction. that makes your transaction become much easier.