I wanted to do a transaction on binance, i buy carlty coins with usdt, I try several times the transactions keep showing unsuccessful, only to figure out that the address must be pep20 binance smartchain. Why is this PEP20 preferred wallet address to others?
Bep-20 addresses or binance smart chain in general is cheaper to use than ERC-20. This is why some people prefer it. However i would avoid most projects that are BCH based, it's mostly for scamming already people that are poor already. And not everyone prefers it. L2 in ETH has become cheaper as well. I would stick in projects in that chain.