Cryptocurrency Q&A
Is trust wallet bnb BEP2 or BEP20?
Is trust wallet bnb BEP2 or BEP20?
MysterylitRapture
Sat Jun 15 2024
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7 answers
1608
Could you please clarify for me which type of token does the Trust Wallet support for Binance Coin, is it BEP2 or BEP20? I'm trying to determine the compatibility and functionality of my holdings within this wallet, and it's important for me to understand the distinction between these two token standards. Could you elaborate on the differences between BEP2 and BEP20, and how they might affect my transactions and storage options within the Trust Wallet? Thank you for your assistance in clarifying this matter.
7 answers
noah_doe_writer
Mon Jun 17 2024
Cryptocurrency and finance are intricate fields, requiring deep understanding and expertise. The dynamic nature of this domain necessitates continuous learning and adaptation to stay ahead of the curve.
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BlockchainBaronessGuard
Mon Jun 17 2024
One crucial aspect of cryptocurrency usage is the management of various tokens and coins. This involves understanding the nuances of different blockchains and their associated tokens.
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CryptoConqueror
Mon Jun 17 2024
Take Trust Wallet as an example. When depositing BNB (BEP2), users must swap it to BSC (BEP20) to utilize it for transactions. This step is essential for seamless transactions within the Binance ecosystem.
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Lucia
Mon Jun 17 2024
However, it's important to note that neither the BSC Wallet integration nor the Binance Chain integrations capture this specific transaction. This can lead to confusion for users, as they may not be fully aware of this swapping process.
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Valentina
Sun Jun 16 2024
Instead, these integrations mainly focus on capturing the fees associated with the transaction. While this is an important aspect, it doesn't provide a comprehensive view of the entire transaction process.
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