Hello Trust community, I need some clarification on ERC20 and BEP2. I noticed some coins in Trust wallet and a few other wallets/exchanges has both the Binance chain BEP2 and ERC20 and will like to understand the dynamics.
Also, the difference in transaction fee in withdrawing #Elrond for instance from Binance using BEP2 compared to using ERC20 is quite large.
Question 1. Can user A send a coin using BEP2 option to user B who only has the ERC20 in his wallet/ exchange since it’s the same coin?
If question 1 is “no”, what happens? Is the transaction reversed or lost forever?
In Trustwallet, can a coin or token be swapped from ERC20 to BEP2 and vice versa as I noticed that the two are separated in TW?
Thank you for your incoming responses as I hope to learn from your wealth of experiences
1.ERD BEP2 and ERC20 are: the same token but on a different blockchain.
2.for example bep2 token, and you copied the ERC20 address to send it to the exchange We will find that the address is invalid<Because Binance address starts with BNB…
And the Ethereum address starts with 0x…>
Trust Wallet has a built-in DEX that connects to Kyber Network to trade ETH < > ERC20 tokens and Binance DEX to exchange BNB < > BEP2 tokens .