How to Withdraw BEP-20 Tokens on Binance Smart Chain

Binance Smart Chain (BSC) is a blockchain network that helps to run a smart contract-based application. It runs parallelly with Binance’s native Binance Chain (BC) that allows users to major benefits such as the high transaction capacity and the smart contract functionality. Moreover, BSC also introduces Ethereum Virtual Machine (EVM) that allows it to run on an Ethereum-based application like Metamask. The main goal of this platform is to build decentralized applications (DApps) and also help users to manage their digital assets at low latency and larger capacity.

What is BEP-20?

BEP-20 is a token standard on Binance Smart Chain (BSC) that extends ERC-20 and BEP-2 tokens, providing additional functionality that allows you to move your tokens between different blockchains.

To withdrawing BEP-20 tokens on Binance

  1. Login to your Binance account
  2. Select Wallet and click Overview

3. Then click Withdraw

4. Select the coin you want to withdraw

5. Enter the withdrawal address

6. Then select Binance Smart Chain as the transfer network

7. Enter the amount you want to withdraw

8. Then click Withdrawal

9. Then confirmation screen will appear to allow you to review the transaction details

10. Then authentication page will come up

11. Provide the authentication code to prove ownership of the account

12. Then submit to complete the transaction

Congratulations on a successful withdrawal!

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