Your funds
BEP-20, explained for players
Your deposit address is on BNB Smart Chain, and the coins you send have to travel on it. What BEP-20 means, why we use it, and the one thing to check before you send.
A network, not a coin
USDT and USDC exist on several blockchains at once. BEP-20 is the name for tokens on BNB Smart Chain. The same USDT can also live on Ethereum or Tron, but those copies travel on different networks and cannot land at a BNB Smart Chain address. Your fourdigits deposit address is on BNB Smart Chain.
Why BNB Smart Chain
Sending a stablecoin on BNB Smart Chain usually costs a few cents and confirms in well under a minute. On some other networks the same transfer can cost dollars. For amounts people typically play with, a network fee that is a fraction of a cent on the dollar matters.
What you need in your own wallet
To send USDT or USDC on BNB Smart Chain, your wallet also needs a small amount of BNB, the network’s own coin, to pay the fee. Most exchanges handle this for you when you withdraw to an external address; a self-held wallet needs a little BNB set aside.
The check before every transfer
When you withdraw from an exchange, choose BNB Smart Chain or BEP-20 as the network, then paste your fourdigits address and compare the first and last few characters. The Deposit screen shows the network next to your address for exactly this reason. It takes ten seconds and prevents the one mistake that cannot be undone.