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Crypto networks explained: ERC-20, TRC-20, BEP-20, Solana and more

Why USDT exists on many networks, what ERC-20, TRC-20, BEP-20 and SPL mean, how to choose one on an Indian exchange, and what happens if you pick the wrong one.

The common ones

  • ERC-20: tokens on Ethereum. Secure and widely supported, but fees can be high.
  • Layer 2s (Base, Arbitrum, Optimism): cheaper networks that use Ethereum-style 0x addresses.
  • TRC-20: tokens on Tron. Popular for USDT because fees are low.
  • BEP-20: tokens on BNB Smart Chain.
  • SPL: tokens on Solana.

How to choose

Pick a network that both the sender and the receiver support. For transfers to your own wallet, choose one your wallet supports and where you have a little native token for fees.

Wrong network?

  • To your own wallet on an EVM network: add that network to your wallet and the funds usually appear.
  • To an exchange deposit address: contact the exchange. Some can recover funds for a fee, some can't.

Check your transfer

Every network has a block explorer. Paste your transaction hash to see it. How to read a block explorer.

Sources

  • networks
  • basics
  • onchain

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