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What Is a BEP20 Token A Beginners Guide

A BEP20 token is a type of cryptocurrency built on the Binance Smart Chain (BSC), following a specific set of rules (or standard) called BEP20. This standard ensures that all BEP20 tokens can work smoothly with BSC-based wallets, exchanges, and other smart contracts. Similar to Ethereum's ERC-20 tokens, BEP20 tokens can represent anything from digital money to in-game assets and more. They're widely used for DeFi apps, trading, and tokenized projects on Binance's blockchain.

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What Is a BEP20 Token A Beginners Guide

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