How To Create a BEP-20 Token on BNB Chain

Creating your own BEP-20 token on BNB Chain is a powerful way to enter the world of decentralized finance (DeFi), launch community-driven projects, or experiment with blockchain development. This comprehensive guide walks you through every step—from setting up your tools to deploying a fully functional token on the BNB Chain testnet—using widely trusted, EVM-compatible tools and best practices.

Whether you're a developer exploring smart contracts or an entrepreneur testing a token idea, this tutorial ensures clarity, security, and practicality.

Understanding BEP-20 Tokens

BEP-20 is the standard token format used on BNB Chain, analogous to Ethereum’s ERC-20. It defines a set of rules that ensure tokens can be transferred, checked for balance, and approved for spending across decentralized applications.

BEP-20 tokens are fungible, meaning each token is identical and interchangeable—just like dollars or euros. For example, one unit of your token will always equal another. This contrasts with non-fungible tokens (NFTs), where each token is unique.

Because BEP-20 builds on ERC-20 principles, developers familiar with Ethereum will find the transition smooth and intuitive.

What Is BNB Chain?

BNB Chain is a high-performance blockchain originally developed as a hard fork of the Go Ethereum (Geth) client. It supports smart contracts and is fully EVM-compatible, allowing developers to deploy Ethereum-based code with minimal changes.

One of its key innovations is its consensus mechanism: Proof of Staked Authority (PoSA). Unlike Ethereum’s energy-intensive Proof of Work (or even its current Proof of Stake), PoSA relies on 21 elected validators who produce blocks in rotation. These validators are backed by users who stake BNB, the native cryptocurrency.

This design enables BNB Chain to offer:

• Faster transaction finality
• Lower gas fees
• High throughput

These advantages make it ideal for DeFi apps, gaming, and scalable dApps.

Key Advantages of Building on BNB Chain

Why choose BNB Chain over other blockchains? Here’s what sets it apart:

• Low transaction costs: Significantly cheaper than Ethereum mainnet.
• Fast confirmations: Average block time of ~3 seconds.
• EVM compatibility: Use familiar tools like Remix, Hardhat, and MetaMask.
• Large ecosystem: Integrated with major protocols like PancakeSwap, Chainlink, and OKX Web3.

These features make BNB Chain one of the most developer-friendly environments for launching tokens.

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Bridging Assets to BNB Chain

To interact with BNB Chain, you need BNB for gas fees. If you’re coming from Ethereum or another network, you’ll need to bridge assets.

The official Binance Bridge allows users to transfer tokens like ETH, USDT, and others from Ethereum to BNB Chain. Here’s how it works:

1. Send your asset (e.g., ETH) to the bridge contract on Ethereum.
2. Wait for confirmation (usually a few minutes).
3. Receive a BEP-20 version of the same asset (e.g., ETH-BEP20) on BNB Chain.

Think of it like exchanging currency at an arcade: you give real money, get tokens to play games, and can exchange back when done.

When testing, you don’t need real funds—use the BNB Chain testnet instead.

Tools You’ll Need

To create and deploy a BEP-20 token, you’ll use these essential tools:

• Remix IDE: A browser-based Solidity editor for writing and deploying smart contracts.
• Brave Wallet or MetaMask: A Web3 wallet to manage keys and sign transactions.
• BNB Chain Testnet: A sandbox environment for deploying without spending real BNB.
• Binance Faucet: Get free testnet BNB for gas.
• OpenZeppelin Contracts: Trusted, audited templates for secure token creation.

All these tools are free and beginner-friendly.

Connecting Your Wallet to BNB Chain Testnet

Before deploying, configure your wallet to connect to the BNB Chain testnet.

You can use Chainlist.org to auto-add the network, or manually input these settings:

• Network Name: Binance Testnet
• New RPC URL: https://bsc-dataseed.binance.org/
• ChainID: 97
• Symbol: BNB
• Block Explorer URL: https://testnet.bscscan.com

Once saved, your wallet will switch between Ethereum and BNB Chain seamlessly.

Getting Testnet BNB

Deploying contracts requires gas paid in BNB. On the testnet, this BNB has no monetary value.

Visit the Binance Faucet:

1. Paste your wallet address.
2. Click “Give me BNB.”
3. Wait a few seconds to receive 0.01–0.1 test BNB.

Now you’re ready to deploy.

Writing Your BEP-20 Token Contract

Open Remix IDE, create a new file called BSCCoin.sol, and paste the following code:

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "@openzeppelin/contracts/token/ERC-20/ERC-20.sol";

contract BSCCoin is ERC-20 {
    constructor(uint256 initialSupply) ERC-20("BSCCoin", "BSCC") {
        _mint(msg.sender, initialSupply * 10 ** decimals());
    }
}

Code Breakdown

• pragma solidity ^0.8.0; specifies the Solidity compiler version.
• We import OpenZeppelin’s ERC-20 contract—a battle-tested implementation.
• Our BSCCoin inherits from ERC-20, automatically gaining standard functions like transfer, balanceOf, and approve.

• The constructor initializes the token with:

  • Name: BSCCoin
  • Symbol: BSCC
  • Initial supply minted to the deployer (msg.sender)
• decimals() defaults to 18, meaning 1 token = 10^18 base units (like ether).

This approach ensures your BEP-20 token is secure and compliant.

Deploying Your Token

1. In Remix, go to the Deploy & Run Transactions tab.
2. Set environment to Injected Web3—this connects Remix to your wallet.
3. Select BSCCoin from the contract dropdown.
4. Enter an initial supply (e.g., 1000).
5. Click Deploy and confirm the transaction in your wallet.

Gas fees apply (paid in testnet BNB), and deployment takes ~15–30 seconds.

Once complete, your contract appears under “Deployed Contracts” with all its functions accessible.

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Verifying Deployment on BscScan

After deployment, verify your token exists on-chain:

1. Copy the contract address from Remix.
2. Go to testnet.bscscan.com.
3. Paste the address into the search bar.

You’ll see:

• Contract details
• Token name, symbol, and supply
• Transaction history

Click “Read Contract” to interact with its public functions—proof your BEP-20 token is live!

Frequently Asked Questions

Q: Is BEP-20 the same as ERC-20?
A: Nearly identical in function. BEP-20 extends ERC-20 for use on BNB Chain, adding slight optimizations while maintaining compatibility.

Q: Can I deploy this on mainnet?
A: Yes! After testing, switch your wallet to BNB Chain mainnet (ChainID: 56) and repeat the process using real BNB for gas.

Q: How do I add more features like pausing or burning?
A: Use advanced OpenZeppelin modules like ERC20Burnable or Pausable. Simply inherit them in your contract:

contract MyToken is ERC-20, ERC20Burnable, Pausable { ... }

Q: Do I need coding experience?
A: Basic Solidity knowledge helps, but Remix’s interface makes deployment accessible even to beginners.

Q: How much does it cost to deploy?
A: On mainnet, expect $1–$10 in gas depending on network congestion. Testnet deployment is free with faucet funds.

Q: Can I rename my token after deployment?
A: No—token name and symbol are immutable once deployed. Always test thoroughly before going live.

Next Steps After Deployment

Now that your token is live:

• Add it to your wallet by importing the contract address.
• List it on testnet DEXs like PancakeSwap (testnet version).
• Integrate with Chainlink oracles to fetch price data.
• Build a frontend dApp using Web3.js or Ethers.js.

OpenZeppelin offers extensions for governance, staking, and more—unlocking endless possibilities.

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Final Thoughts

Creating a BEP-20 token on BNB Chain is fast, affordable, and accessible thanks to EVM compatibility and robust developer tools. By leveraging OpenZeppelin’s secure contracts and Remix’s intuitive IDE, anyone can launch a compliant token in under 30 minutes.

As you advance, consider exploring BEP-721 (NFTs), cross-chain bridges, or launching on mainnet with real utility.

With BNB Chain’s growing ecosystem and low barriers to entry, there’s never been a better time to build.