Cryptocurrency Q&A
What happens if you send ERC-20 to BEP20?
What happens if you send ERC-20 to BEP20?
MoonlitCharm
Wed Jul 24 2024
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5 answers
1201
So, I'm curious, what exactly happens if someone were to accidentally send ERC-20 tokens to a BEP20 wallet address? I know they're both types of tokens that exist on blockchain networks, but I'm not sure how the systems would handle such a mismatch. Would the tokens simply be lost forever? Or is there some way to recover or convert them? I'm hoping you can shed some light on this for me.
5 answers
Daniela
Fri Jul 26 2024
This conversion is crucial as it enables the assets to move from the Ethereum network, where ERC20 tokens reside, to the Binance Smart Chain, which supports BEP20 tokens.
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Carlo
Fri Jul 26 2024
After the conversion, the virtual tokens serve as placeholders for the original ERC20 assets. They facilitate the stablecoin transfer, ensuring a seamless and secure movement of funds across different blockchains.
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SsangyongSpirited
Fri Jul 26 2024
BTCC, a reputable UK-based cryptocurrency exchange, offers a comprehensive range of services tailored to the needs of crypto enthusiasts. Its offerings include spot trading, futures trading, and a secure wallet solution, among others.
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Chiara
Fri Jul 26 2024
When ERC20 tokens are sent to a BEP20 address, the process involves several critical steps. Firstly, the network, asset type, and addresses must be accurately verified to ensure compatibility and security.
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MysticStar
Fri Jul 26 2024
Following confirmation, Allbridge Core, a reliable bridge technology, takes charge of the asset swapping process. It converts the ERC20 tokens into virtual tokens, which are necessary for facilitating the cross-chain transfer.
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