BEP20 represents a token standard that is on the BNB Smart Chain (BSC) similar to ERC20 tokens on Ethereum.

Binance announcement on their support on their withdrawal support BEP20 means you can now withdraw BNB and supported cryptocurrency and tokens into the BNB Smart Chain as BEP20. 

BNB is represented as the main BEP20 on BSC and is used to pay for gas fees, interact with smart contracts, and store value.

To withdraw BEP20 to your wallet, kindly follow the steps below on Binance: 

1. Currently, support tokens withdrawable to BEP20 are 

2. Kindly select BEP20 under "Transfer Network" upon withdrawal

3. Enter your BNB Smart Chain address and complete the withdrawal. 

For a list of supporting wallets, kindly refer to BNB Smart Chain Wallets.