Despite BEP20 not being as familiar as ERC20, it is the current trend in the marketplace. Sooner or later, BEP20 will catch the popularity that is currently under the possession of ERC20. The reason will be transaction cost and speed. The BEP20 tokens reside on the Binance Smart Chain. It has a higher transaction speed when compared to Ethereum at a surprisingly low cost. In fiat, you will only pay around $0.15 per transaction in the Binance Smart Chain. Whereas in Ethereum, it ranges somewhere around $4.1 to $8.