When you hear about BEP20 token, a standard for creating tokens on the BNB Chain that’s compatible with Ethereum’s ERC-20 but much cheaper to use. Also known as BEP-20, it’s the backbone of most DeFi apps on Binance Smart Chain. Unlike Ethereum’s ERC-20, which can cost $10 or more in gas during peak times, BEP20 tokens let you send, swap, or stake crypto for under $0.10. That’s why platforms like PancakeSwap, BakerySwap, and hundreds of other DeFi projects chose it over Ethereum.
It’s not just about cost. BEP20 tokens work on the same blockchain as BNB, meaning they’re native to the Binance ecosystem. That gives them faster confirmations—around 3 seconds—compared to Ethereum’s 15+ seconds. This speed matters when you’re trading, farming yield, or trying to get into a hot new token launch. The BNB Chain, the blockchain behind BEP20 tokens, originally called Binance Smart Chain, runs on a proof-of-staked-authority consensus that’s energy-efficient and scalable. It’s not decentralized like Ethereum, but it doesn’t need to be for most users who care about low fees and fast trades. Many of the tokens you see listed on exchanges like MEXC or Gate.io are BEP20—they’re easier to list, cheaper to trade, and faster to move.
People often confuse BEP20 with ERC-20 because they look the same in wallets like MetaMask. But they’re not interchangeable. You can’t send a BEP20 token to an Ethereum address—it’ll vanish. You need to use the right network. That’s why so many users get burned trying to swap tokens without checking the network first. The Binance Smart Chain, the network that hosts BEP20 tokens, is designed for speed and low cost, not maximum decentralization. If you’re trading memecoins, farming yield, or using a DEX on BNB Chain, you’re almost certainly interacting with BEP20 tokens. You’ll find them in DeFi protocols, NFT marketplaces, and even gaming projects that need cheap, fast transactions.
What you’ll find in the posts below isn’t just theory—it’s real-world analysis. You’ll see reviews of exchanges that support BEP20 tokens, breakdowns of tokens built on BNB Chain, and warnings about scams pretending to be BEP20 projects. Some posts show you how to safely swap BEP20 tokens on DEXes like Biswap or PancakeSwap. Others expose fake tokens that look like legitimate BEP20 projects but are just pump-and-dump schemes. There’s also coverage of how BEP20 compares to other token standards, what happens when BNB Chain updates, and how to avoid losing your crypto by sending it to the wrong network. This isn’t a beginner’s glossary—it’s a practical guide for people who actually use these tokens every day.
Local Traders (LCT) is a BEP-20 token for a LATAM-focused P2P crypto platform, but it has zero trading volume, no user base, and no real utility. Here's what you need to know before buying.
