Cost to Create Your Own Crypto Token: ERC20 vs BEP20

In the fast-evolving world of blockchain, launching your own cryptocurrency token is no longer a dream limited to tech giants or blockchain developers. Thanks to token standards like ERC20 and BEP20, creating a crypto token has become more accessible than ever. But one of the most common questions people ask is: “What’s the cost to create your own crypto token?”

In this guide, we’ll break down the expenses involved in ERC20 token development and BEP20 token development, compare both standards, and help you make a smart, budget-conscious decision for your blockchain project.

---

🌟 Understanding Token Standards: ERC20 vs BEP20

Before we talk about cost, let’s quickly understand the difference between the two major token standards:

What is ERC20?

ERC20 is the most widely used token standard on the Ethereum blockchain. It’s known for its robust infrastructure, high security, and vast developer community.

What is BEP20?

BEP20 is the token standard for the Binance Smart Chain (BSC). It offers faster transactions and significantly lower gas fees compared to Ethereum.

---

💰 Factors That Influence the Cost to Create Your Own Crypto Token

Whether you're building on Ethereum or BSC, several factors influence token development costs:

• Blockchain Network (Ethereum vs BSC)

• Smart Contract Complexity

• Token Features (Mintable, Burnable, Pausable, etc.)

• Security Audits

• Development Team or Agency Fees

• Deployment Costs (Gas Fees)

• Token Listing Fees (optional)

---

🧾 ERC20 Token Development Costs

1. Development Cost

For a standard ERC20 token with basic functions (name, symbol, total supply), development can cost between $1,000 to $5,000. More advanced tokens (like with mint/burn functions) can go up to $7,000 or more.

2. Gas Fees

Deploying on Ethereum is expensive due to high gas fees. Expect to pay $200–$1,000+ depending on network congestion.

3. Audit Costs

If you’re planning an ICO or any public token offering, smart contract audits are crucial. These can cost between $3,000 and $10,000.

✅ Total Estimated Cost: $4,000 – $15,000+

---

💵 BEP20 Token Development Costs

1. Development Cost

Creating a BEP20 token is typically cheaper due to simpler integration and fewer network constraints. Basic token development ranges from $800 to $3,500, while feature-rich tokens can cost around $5,000–$6,000.

2. Gas Fees

Deployment on Binance Smart Chain is significantly cheaper. Gas fees usually range between $5–$20.

3. Audit Costs

Security audits are still essential and cost about the same as for ERC20 tokens: $3,000–$10,000.

✅ Total Estimated Cost: $3,800 – $12,000+

---

🔍 ERC20 vs BEP20: Side-by-Side Cost Comparison

---

🧑‍💼 Who Should Choose ERC20?

You should go for ERC20 token development if:

• You want access to Ethereum’s large DeFi ecosystem

• You need high-grade security and decentralization

• You’re planning a serious, long-term project or ICO

---

🧑‍💼 Who Should Choose BEP20?

You should opt for BEP20 token development if:

• You want low-cost and fast transactions

• You’re on a tight budget

• You want to launch quickly and test your MVP (minimum viable product)

---

🚀 Hidden Costs to Keep in Mind

In addition to development and audit costs, consider:

• Token Listing Fees on Exchanges – Ranges from $1,000 to $100,000+ depending on the platform.

• Marketing & Promotions – Essential for token adoption, may cost $5,000–$20,000+.

• Legal/Compliance Fees – Especially important if you’re launching an ICO or dealing with securities laws.

---

📈 Final Thoughts: Which Token Should You Choose?

The cost to create your own crypto token ultimately depends on your project goals, technical requirements, and budget.

• Choose ERC20 token development for broader adoption, long-term scalability, and access to Ethereum’s massive ecosystem.

• Opt for BEP20 token development if you want to minimize costs, speed up development, and benefit from Binance’s active trading community.

---

📌 Key Takeaways

• ERC20 tokens are more expensive but offer strong ecosystem support.

• BEP20 tokens are cost-effective and faster to deploy.

• The total cost can range from $3,800 to $15,000+, depending on your needs.

• Always budget for audits, listings, and marketing.

---

If you’re planning to create a token but unsure where to start, working with a professional blockchain development company can simplify the process and ensure a secure, high-quality outcome.