Smart Chain (BEP20) Coin

Smart Chain (BEP20) Wallet

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Smart Chain (BEP20) Wallet

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What Is Smart Chain?

Binance Smart Chain (BSC) is a high-performance blockchain with smart contract functionality and compatibility with Ethereum tools. Ideal for decentralized applications and crypto trading.

What Is BEP20?

The BEP20 token standard, used on the BSC, is an evolution of Ethereum’s ERC-20 standard. It sets guidelines for token transfers, creation, and destruction. BEP20 tokens, essential in decentralized finance (DeFi), NFTs, and gaming, offer low transaction fees and high speed compared to ERC20 tokens on Ethereum. Unlike ERC20, BEP20 is fully compatible with Ethereum’s smart contracts, enhancing its versatility and making it a popular choice for a range of blockchain applications. This adaptability and efficiency make BEP20 a cornerstone in the BSC ecosystem.

What Is BEP20 Wallet?

A BEP20 wallet is a digital wallet specifically designed to support BEP20 tokens. It allows users to securely store, send, and receive BEP20 tokens. This wallet is compatible with the distinctive features of the BSC, offering advantages like low transaction fees and rapid processing speeds. They often provide functionalities for interacting with decentralized applications (DApps) and smart contracts on the BSC network. This makes BEP20 wallet a key tool for users engaged in activities like decentralized finance (DeFi), trading, and managing non-fungible tokens (NFTs) within the BSC ecosystem.

Try out these popular tokens for your BEP20 wallet:

  • PancakeSwap (CAKE)
  • Bakery Token (BAKE)
  • SafeMoon (SAFEMOON)
  • Cream (CREAM)
  • TOKO Crypto Coin (TOKO)
  • WazirX (WRX)
  • Trust Wallet Token (TWT)

Don’t Forget About BNB

To optimally use your BEP20 wallet, BNB, the principal token of the Binance Smart Chain, is necessary. BNB is crucial for covering network fees, vital for the chain’s upkeep. You can easily transfer BNB from your trading platform or buy BNB directly within the wallet application.

  • Seasoned users often opt to stake their BNB, generating passive income via new tokens. These tokens can be used for network fees, allowing transactions at no extra cost. This staking option not only enhances financial returns but also contributes to the network’s stability and efficiency.

Crypto Wallet That Is Not Just for the BSC

You can use it for DApps, Staking, Swaps and much more

Gem Wallet wallet view and swap
Gem Wallet dapps and staking

Frequently Asked Questions

You can store any tokens compatible with the BSC network in your BEP20 wallet. Examples include stablecoins like USDT (Tether) or USDC (USD Coin), among many others. 
First and foremost, check if you have BNB tokens in your BEP20 wallet. BNB is used to pay for network fees and is essential for conducting transactions. Often, the lack of BNB tokens is the root cause of such issues.
No. Although they are parallels of each other, Binance Smart Chain improves upon Binance Chain’s functionality by allowing programmability. 
There are two variants of Binance coin (BNB), the BEP2 and BEP20 variant on the old and smart chain networks, respectively.
No, you cannot directly send BEP20 tokens to an ERC20 address. Sending tokens directly between them could result in the loss of tokens. To transfer value between these chains, you would need to use a bridge service or exchange.

Download Smart Chain (BEP20) Wallet

Start using BSC with Gem Wallet by following these 3 steps:

Download Now
onboarding view

1. Get Gem Wallet

Download Gem Wallet App for iOS or Android.

recovery phrase screen

2. Create A Wallet

Create a new wallet with secret phrase and store it somewhere safe.

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3. Start Using BSC

Receive or Buy BSC into your new crypto wallet