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Binance Chain Wallet is the official Binance crypto wallet for accessing Binance Smart Chain, Binance Chain and Ethereum. You can use this wallet to securely store cryptocurrencies and connect to thousands of projects on different Blockchains.
Whether you’re looking to swap BNB for other tokens, mint NFTs, or do yield mining, you can easily do it all with a browser extension wallet. The Binance Chain wallet currently supports Chrome, Firefox, and Brave.
What makes Binance Chain Wallet unique?
If you look at it, you will see, Binance Chain Wallet looks similar to other extension wallets. However, there are a few features that set Binance Chain Wallet apart from the rest. If you already have a Binance account, you can easily link it to your wallet using Wallet Direct. This feature saves you from having to copy and paste addresses when transferring digital assets between two addresses.
You can also use your Gmail account to register a wallet through tKey. If you lose access to your wallet, you can recover it by accessing two of the following three methods:
- Sign in through your Gmail
- Use your local device
- Use the account password created during setup
Keeping the private key secure is a big responsibility, so using tKey can be helpful.
These two features make Binance Chain Wallet extremely easy to use, even for users unfamiliar with crypto wallets.
Setting up a Binance Chain Wallet
1. Download the Binance Chain Wallet on the Binance Chain homepage. Select the browser in which you want to install the extension.
2. After installing the extension, you will see the registration page. For this example, we will create a brand new wallet with a Gmail account.
Note: You can also use an existing crypto wallet if you have an initial backup phrase or a tKey login.
3. Click “Create Wallet” then choose “Continue with tKey via: G”.
4. A pop-up will appear and ask you to sign in with Gmail. tKey and Binance Chain Wallet will use your Gmail account as a way to verify your identity in the future if needed.
5. The next step is to create a password that can act as a second layer of protection, should you ever lose your private key.
6. You will now see the Binance Chain Wallet backup phrase, which you can use to recover your account. You can also create your own fallback phrases. In general, this phrase should contain 12, 15, 18, 21, or 24 words.
You should never share your fallback phrase with anyone. Keep it similar to your bank account password or pin. If you lose it, you can still gain access to the Binance Chain Wallet using the email address associated with your tKey password.
7. Click continue when you are sure you have a safe backup phrase saved.
8. You have successfully set up Binance Chain Wallet. From now on, you can use it to send and receive BSC, Binance Chain, and Ethereum tokens. You can also interact with DApps and smart contracts on these blockchains.
Deposit BNB with Wallet Direct.
If you want to use and interact with the Binance Smart Chain network, having some BNB in your wallet is essential. You can pay transaction fees in BNB when making transfers and interacting with smart contracts. There are two types of BNB tokens: Bep20 and Bep2. Since we want to interact with BSC in this case, we must use the BNB Bep20 token.
If you already have some BNB in your Binance spot wallet, you can connect your account to the Binance Chain Wallet using the feature “Wallet Direct”.
1. Click the icon at the top right of the wallet homepage, then click “Connect to Binance.com account”.
2. Login to your Binance account and click “Connect to Binance.com account”.
3. Now, you will see a request popup “Connect to wallet”. Click here to open Binance Chain Wallet, here you can click “Connect”.
4. Next, you will need to authorize your wallet to sign Binance messages. This step verifies you as the owner of the wallet and allows it to connect.
5. Once you have completed the previous steps, you will have to go through Binance’s validation process as a final layer of security. If you have 2FA associated with your account, you must also use it.
6. After successful verification, your Binance account will be linked to your wallet. You can see this in your wallet account section or on the Wallet Direct website.
7. To start transferring funds from your Binance account, click the button “Receive” and choose “Wallet Direct”.
8. You will now see your transferable balance.
Recharge from another wallet
You can also recharge directly from another wallet. In this example, we will transfer BNB from Binance account wallet to Binance Chain Wallet.
1. Go to the withdrawal page from your Binance account and select the Bep20 (BSC) network.
2. On Binance Chain Wallet, click “Binance Chain Native Token” and then click “Receive”.
3. You will now see a QR code that you can scan or an address to copy for your withdrawal wallet. Note, all Bep20 addresses start with 0x , while Bep2 addresses start with bnb.
Add new tokens to the list of Binance Chain Wallet
1. After setting up Binance Chain Wallet, by default you will only see your BNB balance. You can add more currencies by searching from the available list by clicking the button [+].
2. Find the token you want to add and click the check box. In this example, we have added Binance-Peg Ether. Your wallet will still receive the token even if you haven’t checked it into the list. Check token simply makes the balance fully visible.
Connect Binance Chain Wallet to Binance Smart Chain
It’s easy to interact with Binance Smart Chain using Binance Chain Wallet. It only takes a few clicks and you can start staking, swapping and interacting with the DApp. Let’s see how to connect with PancakeSwap. Most DApps have the same user interface to connect to your wallet.
1. Click the button “Connect” in the top right corner of the screen.
2. Select “Binance Chain Wallet”. Note, not all DApps support the use of Binance Chain Wallet.
3. A pop-up will ask if you want to connect to the DApp. Click the button “Connect” To confirm.
4. Your wallet address will now appear in the top right corner.
Binance Chain Wallet is a great choice of crypto wallet, especially convenient for those who already have Binance account. If you’re nervous about sending crypto assets and trading with addresses, it’s a good idea to get the most out of Wallet Connect. This worry also often occurs if you have to secure private keys and redundant phrases. That is a huge hurdle for anyone new to cryptocurrencies. So, making the wallet the easiest to use is a good way to make it easier for more people to access the cryptocurrency and DeFi markets.