BEP-20

The native token standard for Binance Smart Chain (BSC) is BEP-20.

The BEP-20 standard was designed to be fully compatible with the most common Ethereum token standard, ERC-20. You can think of these standards as a set of rules for tokens that defines how they can be spent and who can spend them.

To carry out any activity on BSC, you would need to pay the transaction fees (gas) through BEP20 BNB. Additionally, you would need different BEP20 tokens for staking, trading, etc.

Just like Ethereum, it is possible to wrap crypto like Bitcoin and others on BSC too. Using a bridge, you as a user can wrap your crypto (BTC, ETH, USDT, XRP), on the BSC in the form of BEP-20 tokens.