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What is BNB Smart Chain or BSC (BEP-20)?

  • Updated

Binance Smart Chain (BSC) is a blockchain network for moving BEP-20 tokens. On Cryptal, you can select BSC to deposit or withdraw BNB, BUSD, or USDT. Using BSC will result in a faster transaction confirmation and lower transaction fee. 

Simply select Binance Smart Chain:

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Note that you can only transfer to and from the same network. If the wallet you are transferring to doesn't support BSC (BEP-20) your withdrawal will not work. Similarly, you cannot receive other ERC-20 coins using a BEP-20 address.