$BTC $ Beginner's guide to deposits/withdrawals, BTC address? BSC? TRC? ERC? What is it?
🎈Keywords in this article: Which chain? (Channel), EVM, non-EVM.
I believe that everyone is most familiar with the TRC20 channel, and both new and old players know it.
But besides the TRC20 channel, what are other channels for, and what do they mean?
Before the inscriptions became popular, few people had used the BTC chain. Only BTC hoarders would use it, otherwise it was rare.
So let's briefly talk about the two common addresses of BTC.
One starts with "bc1q", and the transaction fee is relatively cheaper.
One starts with "bc1p". Note the difference from the first one. One is "q" and the other is "p". The latter "p" is also the more mainstream one currently used.
Then let's talk about ERC, which is EVM. Simply speaking, this is the address of the Ethereum chain. This is actually a universal address, starting with 0X. Including some public chains based on Ethereum, it can also be received with the EVM address, but it does not need to switch to other chains to view.
📌For novices, it seems that they don't need to use the above for the time being.
Let's briefly talk about what BSC, TRC, and ERC mean, and why when transferring money, choosing the wrong channel will cause the funds to be unable to arrive and basically unable to be returned?
You regard BSC as a bank and TRC as a bank. Even banks 20 or 30 years ago could not conduct inter-bank transfers. It's that simple.
So when you receive BSC assets, whether you are the recipient or the withdrawer, you must choose the BSC (bep20) channel before you can deposit and withdraw money.
🎈Some friendly companies have not yet opened bep20 channels, so the mainstream channels still use TRC20 channels.
When making deposits and withdrawals, newbies can try small deposits and withdrawals. After confirmation of receipt, they can deposit and withdraw the required amount. This is the best solution.
