What Is BSC Smart Chain?

BNB Smart Chain (previously called Binance Smart Chain) is an interactive blockchain that allows developers to create decentralized applications. Launched in 2020 as a parallel to Binance chain, the platform provides a cheaper and faster alternative to the Ethereum blockchain in smart contract functionality.

Binance Smart Chain provides a favorable blend of speed, low transaction fees, and EVM compatibility, similar to Ethereum, but with higher scalability due to its Proof of Stake consensus. It boasts a vibrant DeFi ecosystem, benefiting from Binance’s extensive user base, making it an attractive choice for developers and users seeking efficient decentralized applications and rapid transaction processing.

What can you do with our BSC Wallet:

  • Exchange: Swap BSC for 1000+ crypto pairs in private.

  • Buy Crypto: Buy BSC and 20+ other assets using your card. With USD, EUR, and other local currencies across the world.

  • Multi-platform Support: Gem Wallet is compatible with both iOS and Android devices.

  • Use DApps: Gem Wallet has integration of Wallet Connect so you can use DApps within Binance Smart Chain Ecosystem.

Using Gem Wallet for BSC Smart Chain

The most seamless way to interact with BNB Smart Chain is using Gem Wallet. Beyond buying and selling BNB (BSC’s utility token), our open-source wallet allows you to securely explore decentralized finance platforms and provides a gateway to the exciting world of blockchain-based gaming and NFTs

Download Smart Chain (BSC) Wallet

Download Gem Wallet for Smart Chain (BSC) by following these three steps:

Download Now
onboarding view

1. Get the mobile app and install wallet from App Store, Google Play or our download page as an APK.

recovery phrase screen

2. Create a new wallet via secret phrase and store it securely.


3. Receive or buy Smart Chain (BSC) into your new crypto wallet

Frequently asked questions

Now called BNB Smart chain, BSC is the smart contract-enabled parallel to Binance Chain. 
Binance Smart Chain was launched by Binance, the largest cryptocurrency exchange in the world.
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.
Binance Smart Chain coin (BNB) holds potential as a solid investment due to its robust utility, making it likely to remain valuable over time despite short-term price fluctuations. You may consider it for investment purposes after doing your due diligence.