What is BEP-20?

BEP-20 is a token standard on the Binance Smart Chain (BSC) that extends the ERC-20 standard. It was specifically designed to be highly compatible with the Ethereum Virtual Machine (EVM) while offering significantly faster block times and lower transaction fees.

Because it is EVM-compatible, users can send BEP-20 tokens using the exact same wallet software (like MetaMask) they use for Ethereum, simply by switching the network RPC. This makes BEP-20 a highly attractive option for merchants wanting to offer users a familiar payment experience with transaction fees that are often 95% cheaper than the Ethereum mainnet.