Binance Smart Chain ( BSC) is one of the most popular blockchains today for applications, games and decentralized finance protocols. Launched largely by the cryptocurrency exchange ecosystem Binance . The main token standard used on the blockchain platform is the BEP-20 . Given the high demand for DeFi (decentralized finance), much like new directions ( GameFi , metaversos ), blockchain is starting to be used more and more frequently as it is a good alternative to the expensive and slow Ethereum.
Our editors talked about which wallets for BSC are considered the best and allow you to interact with decentralized applications.
🏆 TOP 10 wallets for BEP-20 tokens according to experts:
- Binance Chain Wallet is a BEP-20 browser extension wallet ( updated – merged with Trust Wallet).
- Trust Wallet is a BEP-20 mobile wallet led by Binance.
- Metamask is the most famous DeFi wallet application with support for BNB Chain and other networks.
- SafePal is a hardware cryptocurrency wallet whose IEO took place on Binance.
- Ledger Nano – Ledger hardware wallets for the BNB chain are one of the most popular in the world.
- Trezor is a hardware wallet for BEP-20 tokens and over 1,000 other assets.
- MathWallet is a wallet that supports BNB Chain and over a hundred popular blockchain networks.
- Token Pocket is a useful mobile wallet for BEP-20 tokens and other standards, with an approach to DeFi.
- Guard is a non-custodial, comfortable and multifunctional cryptocurrency wallet with support for BNB Smart Chain.
- Coin98 is a decentralized web3 wallet that supports major blockchains including the Binance network.
Examples of the best cryptocurrency wallets for BEP-20 tokens:
| Wallet name | Link | Platforms |
|---|---|---|
| Trust wallet | trustwallet.com | Android, iOS, browser extension |
| Metamask | metamask.io | Android, iOS, browser extension |
| SafePal | safepal.io | hardware |
| Ledger Nano | ledger.com | hardware |
| Safe | trezor.io | hardware |
| Atomic Wallet | atomicwallet.io | Windows, Linux, Mac OS, Android, iOS |
| Mathwallet | mathwallet.org | Android, iOS, web |
| Token Pocket | tokenpocket.pro | Android, iOS |
| Guard | guarda.com | Windows, Linux, MacOS, Android, iOS, Windows |
| Coin98 | wallet.coin98.com | Android, iOS, web |
List of wallets that support Binance Smart Chain
✅ How do we choose the best cryptocurrency wallets with BNB Chain?
When compiling the list, experts studied the offers available on the market at the time of writing and took into account the following factors: wallet support for the desired blockchain network, security and reputation, reviews, availability of open source code, additional functionality, for example, currency exchange or connection to DeFi.
The user's final choice also depends on individual requirements, such as support on a specific platform or ease of use of the interface.
1 Binance Chain Extension Wallet
- Type: Browser extension
- Chrome: https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp
- Fire fox: https://addons.mozilla.org/en-US/firefox/addon/binance-chain/?src=search
The extension supports not only Binance Smart Chain and Binance Chain networks, but also Ethereum. Thus, it can become a full-fledged alternative to Metamask, even when interacting with DeFi applications on Ethereum. In the wallet, you can instantly exchange BEP-2 (BC) and BEP-20 (BSC) assets with each other. By the way, there is an option to link your Binance account to your wallet.
2 Ledger
- Type: Hardware Wallet
- Web Site: https://www.ledger.com/
- Applications for Android and iOS
- Applications for Windows , Linux , MacOS
The application Ledger Live You have the option to create a Binance Smart Chain (BNB) account. This can be used to manage BNB or BEP-20 tokens. Note that both Ethereum and BSC Ledger applications use the same cryptographic methods to generate addresses. Therefore, the Binance Smart Chain wallet address is similar to the Ethereum address.
Ledger categorizes all BEP-20 tokens into fully supported, partially supported, and unsupported. The latter do not appear on the balance sheet. To manage these tokens, you need to connect your Ledger to a third-party wallet, such as Metamask. More details in Tips .
Read also: How to buy Ledger hardware wallets .
3. Venly (formerly Arkane Wallet)
- Type: Browser plugin (online)
- Works with NFTs
- Web Site: https://www.venly.io/
A blockchain service provider focused on three main areas: non-custodial wallet, NFT marketplace, and developer tools. Much attention is paid to API interfaces: by purchasing a tariff project, any blockchain project will be able to connect a wallet solution, receive individual branding, and 24-hour technical support. The same applies to the NFT marketplace.
4 Mathwallet
- Type: mobile, online, extension
- Web Site: https://www.mathwallet.org/bsc-wallet/ru/
- Application for Android , iOS
- Virtual wallet: https://cloud.mathwallet.org/
- Browser Extensions: Chrome , Edge , Brave
It’s hard to find a wallet with as many supported blockchains as MathWallet. The multi-platform service offers access to any device. In addition to storing cryptocurrencies and tokens, the wallet allows you to earn passive income through Farming, while earning not only the main deposited asset but also your own MATH tokens.
5 MetaMask
- Type: Extension, Mobile App
- Chrome: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en
- Application for iOS , Android
The most popular wallet for interacting with the decentralized finance dimension. It is gradually expanding its functionality and audience – if it initially supported only the Ethereum blockchain, now you can switch to BSC, just like activating any other blockchain, knowing its technical data. It is possible to synchronize the application and extension to use the same wallet from two or more devices.
6 SafePal
- Type: hardware
- Web Site: https://www.safepal.io/
- Android , application iOS
SafePal is a hardware wallet provider that also has a decentralized mobile app. Its most famous prototype is SafePal S1. This option is much more affordable than Ledger or Trezor and is not inferior to them in terms of security. The app supports working with DeFi, but to do this you need to transfer assets from a cold wallet to a hot wallet.
7 TokenPocket
- Type: Mobile and Desktop Wallet
- Web Site: https://www.tokenpocket.pro/en
- Android , application iOS
- Windows and MacOS applications: https://www.tokenpocket.pro/en/download/pc
Multi-currency wallet with support for almost 20 major blockchains and open source code. It has an integrated store of decentralized applications – over 2,000 of the best protocols for gaming and earning – as well as several auxiliary tools (key generator, instant exchanges, decentralized exchange).
8 Trust wallet
- Type: Mobile Wallet
- Web Site: https://trustwallet.com/
- Applications for Android and iOS
The wallet is powered by the Binance exchange. It allows you to trade assets on the Binance DEX from the app, use various decentralized finance applications, and store NFT tokens and collectibles. Trust Wallet supports a wide range of assets – over 1 million tokens and coins across 53 blockchains.
9 ezDeFi
- Type: Mobile Wallet, Extension
- Web Site: https://ezdefi.com/
- Applications for Android and iOS
- Extension do Chrome
The decentralized solution focuses mainly on working with DeFi. A completely secure and private wallet, recommended, like all the others on this list, by Binance's own developers. It allows you to use multiple addresses at the same time to vary your capital. Cloud backup supported.
What is BSC
Binance was the first to launch another blockchain, a Binance Chain (BC) , to support your own decentralized exchange, a Binance DEX . After some time, it became clear that more attention needed to be paid to smart contracts and other useful functions for DeFi.
As a result, it was launched a Binance Smart Chain , which has the following main characteristics:
- Fully compatible with Ethereum. Developers can move applications from one ecosystem to another with little to no modification.
- Independence from the original BC blockchain – the chains work in parallel and if one stops working, it will not affect the other. But at the same time, both blockchains can freely interact with each other and assets can be moved from one to the other.
- Community-based governance and Proof-of-Stake consensus mechanism with proof of power. BNB , the platform's native token, is used for community governance voting and network security. In fact, PoS enables much faster transaction processing than PoW.
Examples of projects on Binance Smart Chain
Popular projects on BSC with high capitalization:
- Binance Coin (BNB) – $ 88 811 473 422
- USD Currency (USDC) – $ 42 482 781 256
- Polygon (MATIC) – $ 17 892 937 810
- BinanceUSD (BUSD) – $14.664.218.929
- Chain Link (LINK) – $ 9 607 490 637
- Dai (DAI) – $ 9.006.567.913
- Cosmos – $ 7.752.830.484
- Uniswap (UNI) – US$ 7.514.571.434
- Phantom (FTM) – $ 4.577.391.317
- O Graph (GRT) – $ 3.590.199.465
Current information on the most capitalized projects can be viewed, for example, here: https://www.coingecko.com/pt/categories/binance-smart-chain
Wallet types for BSC
BSC wallets, like other cryptocurrency wallets, are divided into several different types. Most services allow the user to manage their cryptocurrency keys themselves. These decentralized wallets are also good because they mostly allow you to connect to decentralized applications.
The main options that can be distinguished:
- Custody . This means that the service provider itself stores the private key. Such wallets also include accounts of cryptocurrency exchanges, including Binance. You need to understand that without having the key, you cannot claim full control over your funds. By the way, such wallets usually do not allow connection to dApps. However, for those who actively trade on the exchange or for beginners who have not yet figured out how the blockchain works, this option is suitable.
- Non-custodial . The keys are stored personally on the user's device. This option is ideal for all traders and investors. All wallets listed later in this article are exactly like this.
- Warm . This term means that the wallet connects to the Internet, allowing you to make transactions quickly at any time. This is very useful, but a little less secure, as the wallet can be hacked or the data intercepted.
- Insensitive . The key is stored offline using proprietary hardware. This method is not very suitable for frequent transactions, but for long-term cryptocurrency storage it is the most reliable.
There is no need to stick to just one option, they can be combined. Now let’s take a look at the non-custodial decentralized wallets that work with Binance Smart Chain.
Frequently asked questions
What are the features of BNB wallets?
They support the BNB Chain (formerly known as the Binance Smart Chain), which governs the BNB cryptocurrency, as well as many BEP-20 tokens.
What is BEP-20?
This is the standard that all tokens operating on the BNB Chain comply with. Thanks to a single standard, all tokens and applications within the blockchain can easily interact with each other (analogous to Ethereum – ERC-20, to Tron – TRC-20, etc.).
What wallets are there with BNB Smart Chain?
Por exemplo, software – Trust Wallet, Binance Chain Wallet, hardware – Ledger Nano S, Safepal S1.
How to create a BNB wallet?
For a software wallet: download the app and follow the Tips for creating a new wallet, be sure to save the seed phrase. For hardware: buy a device and install software that works with it. The principle of creating a wallet will be the same, but all actions are confirmed directly through a physical device.
How to fund your BNB Network wallet?
To transfer BNB coins or BEP-20 tokens to your wallet, you will need to know the address. This is not difficult – the address is generated by the wallet immediately after creation and is located in the “Receive” section. Therefore, you need to send tokens from an exchange or other cryptocurrency wallet that supports Binance Smart Chain to this address.
What does a BNB Chain wallet address for BEP-20 tokens look like?
An example of what the address looks like: 0x2465176C461AfB316ebc773C61fAEe85A6515DAA
What tokens do BSC wallets support?
Some examples of BEP-20 tokens: USDT, BUSD, FRAX, KAVA, CAKE. These tokens also work on other blockchain networks.
How to add tokens to your Binance Smart Chain wallet?
By default, only the most basic tokens are usually available after installation, but you can click the “+” or “add” button (depending on your wallet) and select other tokens to use. It is best to enter the contract address to avoid errors, as there may be multiple tokens with the same tickers on the network.
How to verify a BNB wallet?
You can check the status of a specific wallet, incoming and outgoing transactions in it, by entering its address in the blockchain browser: https://bscscan.com/
How to get BNB Chain wallet private key?
Private keys can be retrieved from any non-custodial wallet in the privacy settings. To do this, you will need to confirm the access with a passphrase. The private key should be carefully stored in a secure location.
How to use Binance Smart Chain Wallet for Decentralized Applications (DApps)?
The application must support this network. Let’s take PancakeSwap as an example, you need to click on the Connect Wallet website, select your preferred cryptocurrency wallet and confirm the connection according to the Tips. The process is very quick and easy, even a beginner should have no doubts in this phase.
Conclusion
As wallets The wallets listed on BSC are free (except hardware) and reliable. The user has the right to choose the one that suits him best, based on parameters such as platforms, support for desired crypto assets, access to DeFi functions, convenience and simplicity of the interface. Thus, active traders should choose a hot wallet (on a PC or phone), DeFi investors should choose a browser extension, long-term investors should choose a hardware device, etc. Keep in mind that since wallets are non-custodial, you are responsible for storing the private keys and seed phrase. If they are lost, no one will be able to restore access to the funds and you will have to say goodbye to them.