Swapping tokens between blockchain networks is essential for investors diversifying their portfolios. This guide explains how to securely convert ERC20 tokens (Ethereum-based) to BEP20 tokens (Binance Smart Chain-based) using Trust Wallet and Binance as an intermediary.
Understanding ERC20 and BEP20 Tokens
What Is ERC20?
ERC20 is the technical standard for tokens on the Ethereum blockchain. It enables:
- Fungibility: Tokens like USDC, LINK, and UNI are interchangeable.
- Smart contract functionality: Supports transfers, balance checks, and supply tracking.
What Is BEP20?
BEP20 is the equivalent standard for Binance Smart Chain (BSC). It offers:
- Cross-chain compatibility: Seamless integration with BSC wallets and DeFi platforms.
- Lower fees: Transactions typically cost less than Ethereum’s gas fees.
Step-by-Step Guide to Swapping ERC20 to BEP20
1. Log Into Your Binance Account
- Use the Binance app or desktop platform. New users can create a free account.
2. Navigate to Funding Wallet
- Tap Wallets > Funding to access your deposit/withdrawal dashboard.
3. Deposit ERC20 Tokens
- Click Deposit and select your ERC20 token (e.g., USDT, SHIB).
- Choose Ethereum (ERC20) as the network.
- Copy your Binance wallet address.
4. Send Tokens from Trust Wallet
- Open Trust Wallet, select the ERC20 token, and tap Send.
- Paste the Binance wallet address and enter the amount.
- Review gas fees (paid in ETH) and approve the transaction.
5. Withdraw Tokens as BEP20
- Return to Binance, go to Funding > Withdraw.
- Select the same token and choose BNB Smart Chain (BEP20) as the network.
- Paste your Trust Wallet’s BEP20 address (found under Receive).
- Complete withdrawal with 2FA verification.
6. Verify Balance in Trust Wallet
- Refresh your Trust Wallet or manually add the BEP20 token to view the balance.
Key Considerations
- Double-check addresses: Mistakes can lead to permanent loss of funds.
- Gas fees: Ensure you have enough ETH for ERC20 transactions.
- Transaction speed: BSC processes withdrawals faster than Ethereum.
👉 Need a secure wallet for multi-chain swaps?
FAQ
Can I swap ERC20 to BEP20 directly in Trust Wallet?
No. Trust Wallet lacks a native bridge, so Binance acts as an intermediary.
What if my BEP20 tokens don’t appear in Trust Wallet?
Manually add the token contract address via the "Add Custom Token" feature.
Are BEP20 fees cheaper than ERC20?
Yes. BSC’s lower gas fees make BEP20 transactions more cost-effective.
👉 Explore Binance Smart Chain’s advantages
Final Tips
- Bookmark this guide for future reference.
- For troubleshooting, contact Trust Wallet Support.
- Always use official links to avoid phishing scams.
By following these steps, you can efficiently manage cross-chain swaps while minimizing risks.