


The BNB Chain (BSC) is an evolving ecosystem for Decentralized Finance (DeFi) applications with its own token standard, BEP-20. This guide shows how to withdraw BEP-20 tokens on BSC.
What Are BEP-20 Tokens?
Though the BNB Chain (BSC) was designed to complement Binance Chain (BC), the BSC is an independent blockchain. It has its own standard (BEP-20) which specifies the technical standards that enable a token to function in its blockchain. The cheap transaction fees, fast speed, and cross-chain compatibility of the BSC are major reasons why developers are finding the BSC very attractive.
Activity on the BNB Chain is on the rise as more projects get listed. A recent DeFi statistics indicated that the BNB Chain network had more than 108,000 unique active addresses compared to Ethereum's 67,000. From the given statistics it is obvious that many more people are transacting with BEP-20 tokens than Ethereum's ERC-20 tokens.
Anyone interested in the BSC needs to be able to withdraw BEP-20 tokens from the chain. To receive BEP-20 tokens, you need a receive-address from a wallet that is compatible with BSC. Some of the wallets that have support for BSC include: Atomic; Cobo; imToken; MathWallet; Metamask; Trust Wallet; Onto; and TokenPocket. For this withdrawal guide, we shall illustrate using BEP-20 BNB tokens and Trust Wallet.
How To Withdraw BEP-20 Tokens
Step 1: Log into your Binance account. Access your account by logging into the Binance website. Hover your cursor on the tab, 'Wallet', then click on 'Fiat and Spot' in the dropdown menu.

Step 2: Click on 'Withdraw', then select 'Crypto'. Tap and open the dropdown menu, 'Coin'. Select the crypto you want to withdraw (BNB in our case).

Step 3: At the right hand side of the screen you will see the parameters for the receiving address. Select the correct network (BNB Chain).

Step 4: Generate your BSC receiving address. Open your Trust Wallet. Click on 'Receive'.

Step 5: In the Search Bar, type 'BNB' to bring up the options. Select 'Smart Chain'. The receive-address will be displayed. Tap on 'Copy' to copy the address, then paste it in the space for the recipient's address on the withdrawal page.


Step 6: Click the 'Submit' button. A pop-up page will be displayed to ascertain if you are sure you matched the sending and receiving networks correctly. Once you pass the test, submit again.

Step 7: You will see a screen requiring you to confirm the transaction details entered by you. Review the details and if everything is correct, confirm it.
Step 8: An authentication page will come up. Provide the authentication code to prove ownership of the account. Then submit to complete the transaction.
Step 9: Congratulations on a successful withdrawal!
Conclusion
The BNB Chain is a blockchain that stands on its own two feet so to speak, and its BEP-20 standard is becoming increasingly popular among dApps developers. Much of that popularity is because the BSC platform is cross-chain compatible with Ethereum, has very low transaction fees and fast network speed.
Working with BEP-20 tokens will save you time and cost thanks to these advantages. Now that you understand how to withdraw your tokens, all you have to do is go trade some!
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto! Check out the DeFi Direct Linktree for all the access links!
For those looking for tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Binance Founder CZ Barred from Leaving U.S. Amidst Sentencing Uncertainty

The judge ordered a stay on a condition allowing Zhao to return to the United Arab Emirates until the court reviews the government's motion.
In a significant development, Judge Richard Jones ruled that Changpeng Zhao (CZ), the former chief of Binance, must remain in the United States pending his sentencing. The decision overturns a condition that would have allowed CZ to return to his residence in the United Arab Emirates, pending the resolution of the Government’s motion for review.
Prosecutors raised concerns about CZ being a flight risk, pointing to his substantial wealth and the absence of an extradition treaty between the UAE and the U.S.
This comes in the aftermath of Binance's $4.3 billion fine for violating anti-money laundering measures, leading to CZ's agreement to step down as CEO. Facing a potential sentence of up to 10 years, CZ's legal team argued that he willingly appeared in court once and is likely to do so again.
Prosecutors countered, emphasizing CZ's substantial wealth outside the U.S. and the lack of an extradition deal between the U.S. and the UAE. Additionally, CZ's special status in the UAE, having obtained 'citizenship by invitation,' added complexity to the legal deliberations.
CZ's Exit from Binance and Legal Settlement
The ongoing legal battle follows CZ's decision to step down as CEO of Binance on Nov. 21 as part of a settlement with the Department of Justice (DoJ). The DoJ suggested that CZ's flight risk could be "manageable" if he remained in the country, proposing that detention might not be necessary during the waiting period.
Further, the latest filings indicate a potential shift in the DoJ's stance, with the possibility of pushing for a maximum sentence of 10 years instead of the initially expected 12-18 months.
CZ, who pleaded guilty to one felony count related to Binance's Anti-Money Laundering program, is currently free to travel within the U.S., secured by a $175 million bond, until his sentencing in February 2024.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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