What Is BEP-20 And What Can You Do With It?
BEP-20 is a token standard on the Binance Smart Chain (BSC). It is essentially a protocol that describes how digital tokens must be built and managed on the Binance blockchain. Tokens created according to the BEP-20 standard can be used and traded within the entire BSC ecosystem.
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🕒 6:01 AM
📅 Nov 24, 2025
✍️ By chrison2
°BEP-20 is the main token standard on the Binance Smart Chain (BSC) and defines how tokens are minted, transferred, burned and managed within the network.
°The Binance Smart Chain is a fast, low-cost and EVM-compatible blockchain on which BEP-20 tokens and smart contracts run.
°Thanks to the standardisation of BEP-20, developers can easily create new tokens, which stimulates innovation but also leads to risks such as scams and rug pulls.
°BEP-20 tokens are widely used across the BSC ecosystem, including in DeFi, NFTs, GameFi, metaverse economies and as a payment method.
°In addition to BEP-20, other important BEP standards exist, such as BEP-2, BEP-8, BEP-721 and BEP-1155, each serving a specific purpose within the Binance blockchain ecosystem.
📍What can you do with BEP-20 tokens?
BEP-20 tokens are designed to support a wide range of functions. Here is what you can do with them:
1. Pay and send tokens
Thanks to low transaction fees on the BSC network, BEP-20 tokens are ideal as a payment method and for sending tokens to other addresses.
2. Participate in DeFi
BEP-20 tokens are widely used in DeFi protocols. You can:
participate in liquidity pools;
lock tokens in yield farms;
earn staking rewards;
borrow or lend BEP-20 tokens via borrowing and lending platforms.
3. Trade or create NFTs
BEP-20 tokens are used to pay transaction fees and issue rewards for creating, holding or trading BEP-721 and BEP-1155 tokens (NFTs).
4. GameFi & metaverse economies
BEP-20 tokens play a central role in blockchain gaming on BSC. They function as:
in-game currency;
reward tokens;
governance tokens.
5. Create your own tokens
Anyone can create BEP-20 tokens thanks to the simplicity of the protocol. With a small investment of €10 to €20 in transaction fees, your token can be live within a day. It will be directly compatible with dApps and easily tradeable on DEXs in the BSC ecosystem.
You can immediately configure all token specifications, such as name, ticker, supply, minting, burning, personal allocation, or pausing mechanisms. Everything is recorded on the blockchain, which is open source, meaning everyone can view your choices. This is important for transparency and legitimacy.
Developers can also create more complex tokens with advanced tokenomics, reward structures, staking mechanisms, governance systems, burning models and fixed or dynamic supply.