How to transfer Binance-peg ETH

Hi How I can transfer binance-peg Crypto? I’ve Binance-peg ETH on my Trust Wallet and I’m currently unable to transfer it no matter what I do. Could you please help?

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Hello @Dominic_19,

You need Smart Chain BNB to cover network fees.

Be informed that you have Binance-Peg Ethereum is a BEP20 token, not the native one. If you send it to an ERC20 only deposit address, you may likely lose it.

I am also in the same situation. I am struck with Trust wallet. I tried to swap my Binance peg Ethereum to Ethereum or Binance chain. It didn’t work.

As you mentioned should I buy Smart Chain BNB separately and then transfer it back to Binance.

Convert them to BNB and then transfer it back to Trust wallet.

After which I can again swap BNB to BNB smart chain.

Is that how it works?

You can do either of the following:

  • Buy and withdraw Smart Chain BNB from Binance then send the Binance-Peg ETH back to your Binance account
  • Buy and withdraw Smart Chain BNB from Binance then convert that Binance-Peg ETH to BNB and deposit it to your Binance account