About Binance chain and Binance Smart Chain
Binance Chain BNB (BEP-2 format) was launched by Binance in April 2019. Its primary focus is to facilitate fast, decentralized (or non-custodial) trading.
Binance Smart Chain (BSC -BNB (BEP-20 format) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM).
BEP-2 represents a token standard on Binance Chain, while BEP-20 represents a token standard on Binance Smart Chain. Forsage use Binance Smart Chain BNB format: BEP-20.
Difference between the wallet address
BNB BEP-2 – address on Binance chain starts with bnb136ns9lfw4zs5hg4n85vdthaad7hq5m4gtkgf43. Also, the BEP-2 address requires the use of MEMO which is not needed for BEP-20 deposits and withdrawals.
BNB BEP-20 address on BSC starts with 0xa4f79B90359f141df90A0C745125B131cAAfFC82.
On the Binance exchange while you withdraw BNB you need to select the BEP-20 network and enter wallet address started with 0x... ….