Create a Wallet
When you're setting up a wallet, be sure to:
✅ Download and install only the latest version from an official source.
✅ Follow the setup guide carefully.
✅ Safely back up your recovery phrases.
❌ NEVER share your recovery phrases with anyone, under any circumstances.
❌ NEVER input your recovery phrase to a website or app, other than your wallet app.
Smartphone/Mobile or Desktop Wallet?
Mobile device wallets and desktop-based wallets have different strengths and weaknesses. Consider which fits your needs better to help decide which type of wallet to use.
Mobile
Desktop
Use anywhere
✅
➖
Easy to use
✅
➖
More secure
➖
✅
Accessibility friendly
➖
✅
Damage/loss/theft resistant
➖
✅
Power/connection outage resistant
✅
➖
Smartphone/Mobile wallets
Smartphone/Mobile wallets allow you to access your crypto almost anywhere. Wallets are available on both Android and iOS devices.
Which mobile wallet should I choose?
This comparison table gives an overview of the most popular mobile wallets.
Trust Wallet
MetaMask
SafePal
Binance Smart Chain support
✅
⚠️
✅
Built-in DApp browser
✅ Android
⚠️ iOS
✅
✅
Hardware wallet compatible
➖
✅
➖
Open-source
✅
✅
➖
Interact with BscScan
(for advanced users!)
➖
✅
➖
⚠️ Requires some setup 🔶 Only supports SafePal hardware wallet
You can find more in-depth information about each wallet below, as well as download links and installation guides.
Trust Wallet is a popular wallet for smart devices. It supports DApps, NFT collectibles (with Opensea.io support), and in-wallet staking.
Pros:
Open source for auditability
Backed by the Binance cryptocurrency exchange
Easily switch between several crypto networks
Includes networks by default
Includes in-wallet staking options
Has additional features such as NFT collection, BNB staking, and DApp access within the wallet
Cons:
Language tied to phone settings
Limited DApps
Transaction notifications can be delayed
Download Trust Wallet (Automatically detects device)
MetaMask is a very popular browser-based wallet plugin that supports ERC20 (Ethereum network) and BEP2 & BEP20 (Binance Chain and Binance Smart Chain networks).
Pros:
Open source for audibility
WEB3 capable on BscScan
A strong history of security and reliability
A large number of how-to guides and resources online
Many tools and custom settings
Offers ETH purchases with Transak
Supports a very large number of languages
Is also available a browser plugin for desktop devices
Cons:
Longer setup time than other options
Additional steps needed to use Binance Smart Chain and PancakeSwap
Extra information and settings may confuse beginners
Download MetaMask (Automatically detects device)
SafePal is available as both a software and hardware wallet. The wallet is easy to install and create and comes ready to support BEP2 (Binance Chain) and BEP20 (Binance Smart Chain) right away.
Pros:
Easily switch between several crypto networks
Offers 25% fee discount paying with BNB (requires login)
Has the option for Google Authenticator built-in
Supports a large number of languages
The setup process is very simple
Is available as both a software and hardware wallet (work together)
Supports NFTs on both the BSC and ETH networks
Cons:
Isn't fully open source
Has some features that are not yet ready for use (such as Defi)
Does not give user notifications
Does not enforce strong security during initial setup and wallet creation
Has fewer online resources than more established wallets
Download SafePal (Automatically detects device)
Desktop/Web Browser wallets
Desktop wallets are available on your home computer or laptop computer. Wallets on your computer can run as standalone applications, or as web browser plugins for popular browsers like Chrome and Firefox.
Which desktop wallet should I choose?
This comparison table gives an overview of the most popular desktop wallets.
MetaMask
Binance
Binance Smart Chain support
⚠️
✅
Built-in DApp browser
➖
➖
Hardware wallet compatible
✅
✅
Open-source
✅
✅
Interact with BscScan
(for advanced users!)
✅
➖
⚠️ Requires additional setup
You can find more in-depth information about each wallet below, as well as download links and installation guides.
MetaMask is a very popular browser-based wallet plugin that supports ERC20 (Ethereum network) by default, and BEP2 & BEP20 (Binance Chain and Binance Smart Chain networks) with a little work.
Pros:
Open source for audibility
WEB3 capable on BscScan
A strong history of security and reliability
A large number of how-to guides and resources online
Many tools and custom settings
Supports a very large number of languages
Is also available on mobile devices
Cons:
Longer setup time than other options
Additional steps needed to use Binance Smart Chain and PancakeSwap
Extra information and settings may confuse beginners
Download MetaMask (Automatically detects browser)
Binance Wallet is a browser-plugin wallet that natively supports the Binance Chain (BEP2) & Binance Smart Chain (BEP20) networks. Binance Wallet was developed by the Binance cryptocurrency exchange.
Pros:
Open source for audibility
Backed by the Binance cryptocurrency exchange
Can be directly linked to a Binance or Gmail account
A streamlined user experience
Supports Binance Smart Chain by default, making using PancakeSwap easy
Supports a large number of languages - Hardware wallet compatible
Cons:
Lacks some custom settings of other wallets
The lack of additional tools makes some actions available in other wallets impossible
Has fewer online resources than more established wallets
Download Binance Wallet (Automatically detects browser)
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