BNB Smart Chain (BSC) is one of the most popular blockchain networks. It supports decentralized applications and tokens based on the BEP-20 standard. There are many people using it now because of its low transaction fees and scalability, something Ethereum can hardly boast of.
Just like any blockchain network, using it requires that you own a cryptocurrency wallet, and there are many of them out there. Which one you choose depends on your unique situation – what do you wish to achieve, what are your priorities?
Not all wallets are compatible with BSC, but we have selected the best three that you can use on the network. They all meet the criteria of Self-custody, high security, ease of use, and any other quality you’ll look for in a crypto wallet.
Metamask
Metamask is a wallet initially designed for use on the Ethereum network exclusively. However, the challenges associated with Ethereum – high fees, lack of scalability among others, made it necessary for the wallet to support BSC to provide options for users.
Since then, Metamask has become even more appealing to users, and currently has over 30 million monthly users. It is a browser extension wallet, which means you won’t need to install an app on your computer to use it.
The app version is only available for mobile devices and can be easily synced with the extension. With this wallet, you can carry out transactions and interact with dapps on all supported blockchain networks. You can also use it to sign transactions, manage private keys, and swap crypto assets.
You can also use your hardware wallets with Metamask by simply connecting and accessing your cold storage. It is also supported on all major browsers, so you can easily use it.
Trust Wallet
Trust Wallet is a decentralized, non-custodial, and open-source wallet. It is the official decentralized wallet for Binance, and supports other top Ethereum ecosystem blockchains, BSC, BNB Beacon Chain, and more. Since it is non-custodial, you have full access to your private keys, and you manage your wallet directly.
With Trust Wallet, you enjoy some unique features such as the ability to buy crypto using a credit or debit card, and also a non-fungible token (NFT) wallet. With the NFT wallet, you can trade NFTs right on the wallet, all you have to do is connect to a marketplace such as OpenSea.
It also has a governance and utility token known and Trust Wallet Token (TWT). You can contribute to decision making in the community, such as adding new blockchain support and integrating new tokens if you hold the token. Holding the token also gives you access to discounts on the DEX and crypto purchases.
Trust Wallet is available on mobile devices, and currently has 10 million active monthly users and this number is rapidly growing. Trust wallet currently supports Ledger hardware wallet, so you can use it to access your cold storage if you have one.
MathWallet
This is another crypto browser extension wallet used on BSC. It also has a web-based wallet, and a mobile app for both Android and iOS devices. More than 100 blockchains are supported on this wallet, and is one of the first wallets to support BSC.
You can use it across multiple devices, and you can easily move between your mobile device, browser extension, and web-based wallet as you wish. You can use it to send and receive tokens, as well as interact with decentralized applications.
It is also non-custodial, and provides a variety of security features for you to choose from in securing your wallet. If you have a diversified portfolio, you’ll find MathWallet very attractive since it is multi-platform. You can also use it to connect your hardware wallets, so that it is an all-round wallet.
Conclusion
These are some of the best crypto wallets you can use with BSC. All three are proven to have high security and are easy to use, so even a beginner can use them effectively.
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