Binance Coin (BNB) is the native cryptocurrency for the Binance Smart Chain (BSC) blockchain. It is used primarily to pay for fees and other charges when using the network.
As the network continues to grow therefore, it is expected that the token will also become more valuable as more developers and users continue to troop to the network. BSC is a more efficient network than Ethereum, which gives it a great chance of achieving this.
It can process transactions faster and with less speed than Ethereum, which has made it a go-to network for all. Beyond its use within the network, BNB is also currently useful for payments at merchants.
You can use it to pay for goods and services worldwide where it is accepted. If you wish to use the token for any of these things, it is advisable that you get a good wallet to hold it in, and here are the best 5 to choose from.
Ledger
Ledger is a general name for a group of wallets created by security company, Ledger. There are different ones, including Legner Nano X, Ledger Nano S Plus, and Ledger Frax. These all have some features unique to them, but they generally are cold hardware wallets.
This means that they are completely cut off from the internet and are only connected to the net when you wish to carry out a transaction. This gives them high security, making them the best option if you’re serious about keeping your portfolio safe.
They are also ideal especially if you wish to buy and hold the assets rather than trade or use it on the go. There are thousands of other assets supported on these hardware wallets, as well as non-fungible tokens (NFTs).
Binance Chain Wallet
This is the native wallet for Binance Chain, which makes it the perfect wallet for BNB as well. It also supports Ethereum and Binance Smart Chain blockchains. The wallet is accessible mainly as a browser extension with Brave, Chrome, and Firefox browsers.
It is a non-custodial wallet, which gives you full control of your portfolio. With three blockchains supported, the wallet supports several hundred crypto assets, giving you a wide range of options to choose from as an altcoin investor.
You also can use it to interact with decentralized applications on these networks, as well as mint NFTs and engage in yield farming. Also with the Binance Bridge, you can transfer assets across blockchains using the wallet.
Exodus
Exodus is another non-custodial wallet most suitable for BNB. It supports crypto assets from several blockchains as well, which is why it supports hundreds of assets, including BNB. The wallet is also a leading web3 wallet that comes with lots of exciting features.
You can use it to buy and hold NFTs, as well as stake your assets to earn rewards, right within the wallet. The wallet is accessible on mobile devices, both Android and iOS, and also on desktop devices.
Because it also supports hardware wallets like Ledger, you can connect such wallets to the wallet to access your portfolio any time.
Coinbase
Coinbase is known as a leading crypto exchange, but it also has a web3 wallet that is separate from the exchange. A non-custodial wallet, this allows you to manage your assets with full control over the private keys.
You can also use it to hold NFTs and it is accessible as a mobile app for Android and iOS devices, as well as a browser extension with top web browsers.
Metamask
Metamask is a leading browser extension wallet created initially to interact with the Ethereum blockchain only. It later integrated BSC, which is why it is one of the best BNB wallets currently. BNB serves as the native currency for the network, which means you need it to use the blockchain for anything.
You can use the wallet to buy and hold NFTs, as well as interact with BSC based dapps, such as decentralized exchanges, NFT marketplaces, etc.
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