Can I send BEP20 to BNB Wallet?

Can I send BEP20 to BNB Wallet?

Confused about sending BEP20 tokens to your Binance BNB wallet? This article provides a simple guide to help you transfer BEP20 tokens to your Binance BNB wallet with ease.

BEP20 tokens are one of the most popular tokens in the decentralized finance (DeFi) space. However, many users are still unsure about how to send these tokens to their Binance BNB wallet. In this article, we will provide a step-by-step guide to help you transfer BEP20 tokens to your Binance BNB wallet with ease. 

Understanding BEP20 Tokens

BEP20 tokens are not only limited to the Binance $BNB token but rather represent a range of tokens built on the Binance smart chain alongside the guidelines listed in the building of a BEP20 token on the BSC blockchain. The BEP20 token standard is technical and allows developers to build on its blockchain by deploying smart contracts for their projects. 

An example of a project that is built on the BSC blockchain and has its token operating on the BEP20 token standard is RoboFi-VICS for more information you can visit their website at www.robofi.io BEP20 tokens are fast in transactions with lower gas fee rates at transactions. 

BEP20 tokens are very essential to the crypto world as they are most traded according to Google statistics. The likes of TWT with a market cap of $671.3m dollars, CAKE- PANCAKESWAP with a market cap of $756.6m dollars, and VICS BEP20 token with a market cap of $50,529,450 dollars.

Setting up a Binance BNB Wallet

1. Firstly, download the trust wallet application from a play store.
2. After the installation process on your device, create an account on the trust wallet application.
3. Do not forget to keep your secret keys safe and out of the reach of their party.
4. Create a password that can help you recover your account, after which add the Binance chain to your trust wallet.
5. After following the above-mentioned steps you are now good to go… for more information you can refer to this link

https://www.stilt.com/blog/2021/11/guide-to-the-binance-chain-wallet/ 

Transferring BEP20 Tokens to Binance BNB Wallet

For you to be able to transfer BPE20-based tokens to a BNB wallet, you must ensure that the token is on the same network as that which you are transferring meaning it must be on the BEP20 network. Without this, you might lose your funds during the process of the transaction. Then Paste your BEP20-based address into the address section then confirm the transaction.

Best Practices for Sending BEP20 Tokens

1. Ensure that you are on the same network as the BEP20 token.
2. Copy the receiver address and paste it into the address section.
3. Input the amount of BEP20 tokens you wish to transfer.
4. Re-confirm the wallet address.
5. Then send and confirm the transaction.

About RoboFi

Robofi is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

Official Link

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