BEP-20 is a token standard on BSC (BNB Smart Chain, formerly Binance Smart Chain) that extends ERC-20, the most common Ethereum token standard. Users can create a native asset as a BEP-20 token or even peg tokens from other blockchains to make them usable on BNB Smart Chain. These are called “peggy” coins, which are essentially BEP-20 versions of other crypto assets.
If a user sends BEP-20 tokens to other trading platforms through unsupported networks, the assets may not be retrieved. We strongly recommend you to read the FAQ on How do I Deposit/Withdraw Cryptocurrency first before you make any transfer.
If you send BEP-20 tokens to an unsupported wallet by mistake, you can recover the assets by adding a smart chain network to that wallet or deposit the BEP-20 tokens to a different wallet that is compatible with BNB Smart Chain.
*Keeping your private keys and seed phrases safe is of paramount importance. If they are stolen or lost, your assets cannot be recovered.
Follow the instructions below to recover your assets:
1. Connect Your Wallet to BNB Smart Chain
If you’re using a MetaMask wallet, follow the steps in this article to configure your wallet. Once you’ve manually added the BNB Smart Chain network, simply switch the connection to BSC, and you can see your BEP-20 tokens.
2. Recover the BEP-20 tokens in your wallet to a BSC-compatible wallet
You can recover the BEP-20 tokens in your original wallet, then set up a new BSC-compatible wallet to deposit your BEP-20 tokens. BSC-compatible wallets include Binance Wallet, Trust Wallet, etc.
Let’s use Binance Wallet (extension) as an example:
Step 1: Download and install the Binance Wallet browser extension on Chrome or Firefox
Step 2.1: Recover your account with the seed phrase.
If you already own a Binance Wallet account, click [I own a wallet]. Enter your seed phrase and a new password to recover it.
Step 2.2: Create a New Binance Wallet Account and Import Your Private Key.
You may also create a new Binance Wallet to deposit your BEP-20 tokens. Click [I do not own a wallet] to create a new wallet. Go back to your original wallet and copy the relevant private key. You can now deposit your BEP-20 tokens to Binance Wallet by clicking [Import]. Paste your copied private key and select [BNB Smart Chain Network]. You will see your BEP-20 tokens in the Wallet immediately.
Please note that withdrawing assets with BNB Smart Chain or BNB Beacon Chain (formerly Binance Chain) requires gas fees charged in BNB, the native token of the chains. Therefore, you need to have a small amount of BNB in your wallet to complete the transaction. Get the best and fastest solutions to all your Binance and other crypto needs by contacting our Customer Support Service.