So You Don't Get Confused, This Is How To Transfer BNB From Indodax To A Trust Wallet
JAKARTA - BNB is a coin exchange or can be used to swap from one coin to another. This exchange can be done on crypto provider platforms, one of which is Indodax. With this coin exchange, the gas fee will be cheaper. Then, how to transfer BNB from Indodax to Trust Wallet?
Please note, Trust Wallet is a digital wallet for storing crypto. With Trust Wallet, you can send, receive, and also store Bitcoin or other cryptocurrencies along with NFT that is guaranteed to have security.
Trust Wallet is also connected to a decentralized exchange (CEX), one of the most popular of which is PancakeSwap. Like MetaMask, Binance Smart Chain, and so on, Trust Wallet is a digital wallet that functions to store crypto assets.
The difference between BNB BEP 2 and BNB BEP 20
Reporting from Zipmex, BEP2 (Binance Chain Evolution Proposal 2) is the token standard used to deploy and create new tokens on the Binance Chain network. BEP2 becomes a standard or technical rule that applies so that other tokens can work optimally in the Binance Chain ecosystem.
Meanwhile, BEP 20 is a standard Binance Smart Chain (BSC) token which has similarities to Ethereum's special protocol, ERC-20. Token standards, in turn, will ensure that all tokens have basic capabilities, such as transferring, refunding, and checking token ownership.
BNB BEP 20 is a transaction tool used in Trust Wallet, while BNB BEP 2 is not used as a transaction tool or is an ordinary coin. Another difference from BNB BEP 2 and BEP 20 is the color of the two coins, if BNB BEP 20 is black and is used for transactions or buying and selling of BEP 20 network coins, especially on PancakeSwap. Meanwhile, BNB BEP 2 is yellow and cannot be used for transaction tools.
Transfer BNB from Indodax to Trust Wallet
BNB transfer activities from Indodax to Trust Wallet that you have to pay attention to are the address and network selection. You must select a BEP 20 network to perform the transfer. Because the BNB BEP20 coin is a coin used for transactions on the Trust Wallet. If you send BEP2 network BNB coins, they cannot be used for transactions even if they are both BNB. Also make sure your Indodax account is KYC verified and has a Trust Wallet account.
The minimum fee required for a BNB transfer is 0.0075 BNB for any transfer you make. Meanwhile, the fee for BUSD transfer is 0 BUSD or no fee. In addition, the minimum BNB transfer is 0.01 and 0.0001 for BUSD.
How to send BNB from Indodax to Trust Wallet
Open the Trust Wallet AppOpen Trust Wallet app and copy address of Smart Chain BNB, if you don't know this Smart Chain has network BEP 20
Transfer from Indodax to Trust Wallet Open the Indodax application and select the Funds menu, then search for BNB and click withdrawal On the withdrawal menu, first you must confirm the BEP network 20 Then, in the amount column, enter the amount of the asset you want to transfer Next, click on the new address, after clicking you will find a column of labels, fill in the fields freely. However, for the address you need to make sure the network is at BEP 20, make sure the address is not entered incorrectly. The last step, you need to verify the transaction, from Google Authenticator, PIN and also verify e-mail.That's the easy way to send BNB coins from Indodax to Trust Wallet. By sending BNB to Trust Wallet, you can now store your crypto assets in one private safe place. You can also swap or exchange your coins with PancakeSwap on DApps in the digital wallet.