ERC-20 vs BEP-20: Which Token Standard Should You Choose?

If you are launching a token, you will quickly run into a choice: ERC-20 or BEP-20? The names sound technical, but the decision really comes down to where your users are and what you want to pay in fees. Here is the plain-English version.

They are almost the same standard

BEP-20 was designed to be compatible with ERC-20, so the token functions are nearly identical. The real difference is the network they run on: ERC-20 lives on Ethereum, while BEP-20 lives on BNB Chain.

ERC-20 on Ethereum: trust and reach

Ethereum is the most established smart-contract network, with the deepest liquidity, the most integrations, and the strongest reputation. The trade-off is cost, since deploying and transacting can be expensive when the network is busy.

BEP-20 on BNB Chain: speed and low fees

BNB Chain offers very low fees and fast transactions, which is why many community tokens, presales, and bots launch there. It is ideal if you expect lots of small transactions and want to keep costs down.

You do not have to choose just one

Because the standards are compatible, the same token can often be deployed to multiple chains. The right pick depends on your audience, budget, and goals. Not sure which fits your project? I build secure ERC-20 and BEP-20 token contracts on any chain and will help you choose the right one. Get started.