Moving funds from Binance Smart Chain (BEP20) to Binance Chain (BEP2) (Without Binance.US or Bridge)

Keep all your crypto safe & upgrade to a Ledger Nano X Hardware Wallet if you prefer a 100% Open Source wallet, a Trezor One is also a great value wallet video that runs through a few ways that you can move both BNB and Binance pegged tokens (eg: Pegged Bitcoin, Pegged Eth) from the Binance Smart Chain (BEP20) to either Binance US via the Binance Chain (BEP2) or directly to their real blockchains. (So BEP20 to Eth chain) This process is required if you live somewhere which blocks access to binance.com and Binance Bridge. (Like the US) It also includes some information to help you understand how doing things like sending Binance pegged tokens to your coinbase (or Binance.US) Ethereum address will result in loss of funds... (And since you don't have the private keys, you can't recover)

This process works fine regardless of whether you have a hardware wallet or software wallet, in this video I demo a process using a seed phrase (mnemonic) from Metamask as well as using a Ledger Nano directly with the Binance extension.

Binance Chain Wallet: wallet app: Intro

01:30 Binance Blockchains Overview

04:00 Binance Chain Wallet Setup

05:50 Moving from Binance Smart Chain to Binance.US

10:36 Moving from Binance Smart Chain directly to Eth Chain

13:58 Warnings and closing thoughts

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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.

For your first purchase, just stick with CoinBase: Trading, just start with Binance: sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)

Don't have a hardware wallet?

Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)

Get a Ledger: you are just starting out, I would just recommend a Ledger Nano S)

If this was helpful, feel free to send me a tip:

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LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6

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