Starlight
Sat Jul 06 2024
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6 answers
1539
Does BNB pay for bep20 tokens?
In the realm of cryptocurrency and decentralized finance, there is often confusion surrounding the intricacies of token transfers and the associated costs. One such query that often arises is: "Does BNB pay for bep20 tokens?" The question implies a desire to understand if the Binance Coin (BNB) is utilized as a means of payment or transaction fee when transferring or interacting with BEP-20 tokens on the Binance Smart Chain. BEP-20 is a token standard that defines a set of rules and functionalities for tokens issued on the Binance Smart Chain, similar to ERC-20 on Ethereum. Clarifying this point is crucial for those seeking to efficiently manage their digital assets and avoid unnecessary costs.
