Last updated on February 23rd, 2023

If you have a cryptocurrency wallet that supports both the ERC20 network and the Binance Smart Chain (BEP20), you may have noticed that the deposit address is the same for both networks. For example, if you are sending SHIB to your Trust Wallet account, you can send SHIB to the ERC20 or BEP20 networks using the same address. Since both of them have the same address, would your tokens be sent to the correct wallets? Here’s what you need to know.

Why do BEP20 and ERC20 wallets have the same address?

The BNB Smart Chain (BEP20) is compatible with the Ethereum Virtual Machine (EVM), which means that it is a modified Ethereum fork that is compatible with the Ethereum (ERC20) network. Since both blockchain networks are somewhat similar to each other in terms of their infrastructure, they have the same deposit address...