What Is BscScan And How To Use It?

BscScan is a simple, user-friendly BNB Smart Chain block explorer that helps users track multiple activities for free. 

BNB Smart Chain (BSC) is one of the largest blockchains based on its daily active users. It powers over 2,000 dApps and hosts more than 285K weekly active gamers. In addition, the number of unique addresses on BSC has increased from 100 million in October 2021 to over 450 million in May 2024.

The extensive data available on BscScan helps increase the adoption of BSC-based users, developers, and founders, which will help foster its ecosystem in the years to come.

This article will help you go through the major features of BscScan with a step-by-step guide on using various tools of this block explorer.  

What Is BscScan?

Launched in 2020, BscScan is a major blockchain explorer for BNB Smart Chain (BSC). It allows users to check transactions, track wallet addresses, analyze gas fees, and more. 

BscScan was developed by the well-experienced team behind the popular Ethereum block explorer Etherscan, headed by its founder and CEO, Matthew Tan. Both these blockchain explorers have simple layouts aimed at providing the crypto community with a user-friendly experience. 

This BNB Smart Chain block explorer's website has a search bar that allows fast results for user queries like token details. The homepage also lists all major options on the top navigation bar for faster access, especially for new BSC ecosystem users. 

Basic Features of BscScan

Transaction Tracking

You can use BscScan to track the transactions made on the BNB Smart Chain in near real-time. In addition to the successful BSC transactions, this block explorer provides a time series of pending transactions per minute chart to help you better understand the network congestion. 

BscScan has a customizable option that helps to find the latest block and transactions with detailed data. You can also track the wallet address associated with the transactions along with the amount in BNB tokens. 

Token Analysis

BscScan offers in-depth details on all listed BEP-20 tokens within a few clicks. You can easily find the token details by searching the token name or its contract address in the search bar of this block explorer.

You can use this feature to check details on the token’s total transfers, transaction data, etc., which can be exported in CSV format. Similar to Etherscan, this BNB Smart Chain block explorer also provides reputation statuses like ‘SPAM,’ ‘UNSAFE,’ and ‘SUSPICIOUS’ to protect BSC blockchain users. 

NFT Tracking

BscScan has a section on its website’s navigation bar dedicated to NFTs on the BSC network. This section allows you to explore the top NFTs, the latest transfers, mint details, and more.

You can also type or paste the smart contract address of your favorite BSC-based NFT on BscScan’s search bar to gain extensive information on the historical transactions, including fees, contract source code, contract events, token analytics, etc. 

Gas Price Monitoring

BscScan has a set-aside section called Gas Tracker to provide data on the BNB Smart Chain gas fee in gwei (1 ETH = 1,000,000,000 GWei). 

This gas tracker updates every 15 seconds and provides the latest gas fee on the BSC blockchain along with a pending transaction pool graph to give users an idea of current network congestion.

The gas tracker also provides separate data on the fee charged for ‘Standard’, ‘Fast’, and ‘Rapid’ transaction speed on BSC. Along with the charge, the expected time range for each transaction is also mentioned to guide users in selecting an ideal speed for their transactional activities. 

Wallet Analysis

You can use BscScan to explore Binance Smart Chain wallets and gain complete details since their creation. Here, you can get basic data such as BNB balance and token holdings, as well as a complete list of transactions and BEP-20 token transfers for a wallet address. 

BscScan has a separate section that lists the details of NFT transfers using the method, token type, item details, sender’s and receiver's address, etc. This block explorers dashboard also mentions the first translation and latest transaction details to track the wallet activity. 

How to Use BscScan: A Step-By-Step Guide

How to Track Transactions on BscScan?

Step 1: Go to the BscScan website, paste a transaction hash in the search bar, and hit search. Here, we’ll add a random transaction hash as an example. 

Step 2: Next, an overview section appears that provides the details of the block, from address to address, timestamp, value, fees, and more.

Step 3: The “More Details” section also provides more details, such as the gas limit and usage by transaction, the value of burnt fees, etc.

How to Verify Smart Contracts on BscScan?

Step 1: Go to the BscScan website and click on the navigation menu called “Developers.”

Step 2: Next, click “Verify Smart Contract” from the drop-down menu.

Step 3: Fill out the basic details, such as the contract address that needs to be verified, compiler type, compiler version, and open source license type. After filling out these details, agree to the BscScan terms of service and click “Continue.”

Step 4: Then, recheck your contract address and its details and enter the Solidity contract code.

Step 5: Next, in the “Advanced Configuration” section, add information like license type, EVM version to target, contract library address, etc, and click “Verify and Publish.” 

How to Check Gas Prices on BscScan?

Step 1: Go to the BscScan website and click the navigation menu “More.”

Step 2: Next, choose “Gas Tracker” from the drop-down menu.

Step 3: The BSC Gas Tracker dashboard provides the near-live gas fees in GWei, along with the last block, average block size, pending queue, and transaction-gas price chart.

Step 4: You can also use this Gas Tracker to get the list of top Gas Guzzlers (contracts or accounts that cost high gas fees) and Gas Spenders (contracts or accounts that pay high gas fees) on the BNB Smart Chain.

How to Analyze Charts and Stats on BscScan?

Step 1: From the BscScan homepage, click the navigation menu “Resources” and select “Charts & Stats” from the drop-down list.

Step 2: Here, you can get extended data on the BSC-based market, blockchain, network, and contracts, along with top stats.

Step 3: The “Blockchain Data” section provides extensive details, including charts on daily transactions, average gas price, block count and rewards chart, average block size chart, and more. We’ll use the average gas price chart as an example.

Step 4: When it comes to the “Network Data” section, you can get charts on network pending transactions, transaction fees, and utilization. Here's what a network transaction fee chart looks like.

Step 5: BscScan has a “Node Tracker” that provides the stats of detected nodes on the BNB Smart Chain network, including the list of top countries with the highest number of available nodes. 

Step 6: Click “ Top Statistics” and then “DEX Activity” to gain information on BSC-based DEX activities.

 

Step 7: Click “Contracts” to view detailed charts of contract data, including BSC daily verified contracts and deployed contracts. 

 

How to Explore Wallet Details on BscScan?

Step 1: Paste the available wallet address on BscScan’s search bar and hit enter.

Step 2: The wallet dashboard provides details such as BNB balance, BNB value, token holdings and their value, multichain info, etc.

Step 3: In the transactions section, you’ll find the transaction hash, method of transaction, block, age, value, transaction fees, and more.

Step 4:  The “Analytics” section provides in-depth data on BNB balance, token transfers, etc.

Step 5: You can also check “Multichain Portfolio” to view the value of crypto tokens, their price, amount, and value.

How to Track NFTs on BscScan?

Step 1: Paste the token contract of your favorite NFT into BscScan’s search bar and click search. Here, we’ll use Pancake Bunnies NFT as an example.

 

Step 2: On the “Overview” dashboard, you’ll find details like token type, token holdings, creator name, NFT name, etc. Click on the “Pancake Bunnies (PB)” in the “TRACKER” section.

Step 3: The NFT dashboard provides details on the maximum total supply, number of holders, total transfers, and more.

Step 4: The NFT dashboard also lists token transfers, holders’ addresses, trade details, smart contracts, and other relevant information.

How to Analyze Tokens on BscScan?

Step 1: Type a token name and its contract address or symbol on the search bar and hit search. Here, we’ll take the Fantom (FTM) token as an example.

Step 2: You’ll get the details of the token, including its supply, number of holders, live price, on-chain market cap, etc.

Step 3: Click on “Holders” to get the list of the top 1,000 holders of the token with their wallet address, quantity, percentage of token holdings, and current value.

Step 4: You can also choose to check the contract source code details and connect your BSC wallet to interact with this contract.

Advanced Features of BscScan

Top Statistics

This section on BscScan provides numerous helpful statistics related to the Binance Smart Chain, including the top BNB senders and receivers, top block validators, top gas used, etc. You can also get data on the addresses of the top BNB senders, the total number of BNB tokens sent, and more.

Additionally, this section provides the list of top Binance Smart Chain tokens by unique senders. BscScan also ranks contracts based on the number of transactions and unique addresses in 5-minute, 1-hour, and 3-hour time frames. 

Developer Support

BscScan offers many options to support BSC developers and encourage them to build Binance Smart Chain-based projects. Developers can use “Code Reader,” a beta version powered by OpenAI, to provide answers to instant smart contract questions. 

Developers can also provide a contract address to get similar other contract addresses to test various features before deploying it on the mainnet. BscScan also provides APIs with documentation to build new projects seamlessly.  

Download Data

You can download extensive amounts of data from the BscScan to conduct analysis, research, etc. This online tool allows you to export data such as:

• Internal transactions
• Token transfers (BEP-20)
• NFT transfers (BEP-721 & BEP-1155)
• Token holders
• NFT holders
• Open source contract codes
• Produced blocks
• NFT trades
• Node tracker

This extensive data can be downloaded in CSV format for free. 

Conclusion

BscScan is undoubtedly a powerful and efficient BSC block explorer that helps its community obtain blockchain data with a few clicks. This free online tool is equally beneficial to participants, traders, investors, developers, and NFT creators.

You can use BscScan to conduct simple activities such as tracking your transactions to complex smart contract analysis accordingly. You can also use this block explorer to stay away from scam tokens.