Best Binance Coin (BNB) Wallets

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Binance's rise in popularity has positively affected its native token, the Binance Coin (BNB). This cryptocurrency was first made to lower transaction fees on the Binance exchange, but it is now used for many other things as well.

Because BNB is so valuable, people who own it have tried to get the best crypto wallets to keep their assets safe from theft and hacking. This guide will review the most reliable BNB Coin wallets. Our list will include the best hot and cold crypto wallets for storing Binance Coins.

Best Binance Coin Wallets Summary

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Rank	Platform	Comments
1	Trust Wallet	The most user-friendly crypto wallet.	Go
2	Binance Chain Wallet	Excellent multi-currency hot wallet.	Go
3	Exodus Wallet	One of the best hot wallets for newbies.	Go
4	Metamask	A popular cryptocurrency wallet available on mobile and desktop devices.	Go
5	Ledger	The most secure cold wallet for multiple cryptocurrencies.	Go
6	Trezor	A highly secure multicurrency cold wallet.	Go
8	Safepal	The first hardware wallet with endorsement from Binance Labs.	Go

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What is a BNB wallet?

A Binance Coin wallet is a crypto wallet that supports the BNB cryptocurrency. Such wallets allow users to store and manage their Binance Coins safely.

Generally, most BNB Coin wallets are multi-currency wallets. In simpler terms, most BNB coin wallets support many other digital assets across different blockchain networks.

Even though the Binance Coin has its own wallet, the Binance Chain Wallet, it can also be used with many other software and hardware wallets. The wallet that comes with a Binance account can also be used to store Binance coins.

The Best Binance Coin Hardware Wallets

Ledger Wallet

Ledger is the most popular hardware wallet available today. Ledger provides optimum security for all your digital assets. With this wallet, users can safely store their Binance Coins.

Additionally, the Ledger wallets are easy to configure for use. There are two models of the Ledger wallet. They are the Ledger Nano X and Ledger Nano S. Both models are compatible with Binance Coin and fully support the token. Currently, Ledger wallets support over 1,500 cryptocurrencies.

Ledger Wallet Features

The Ledger Live app is a key feature of this cold wallet. The app allows users to manage their private keys and digital assets. Utilizing this feature, users can exchange their cryptocurrencies for other digital assets.

Ledger Wallet Pros

It offers advanced security features to its users.
It's very convenient and user-friendly.
Compatible with numerous crypto assets.

Ledger Wallet Cons

Live customer support is not available.

Go to Ledger

Trezor

Trezor was the first Bitcoin hardware wallet in the crypto industry. The wallet has a high level of security and uses high safety measures to protect its users' crypto assets.

The wallet can be used to store the BEP2 and ERC20 standards of the Binance coin. Additionally, this wallet supports over 1,816 coins and tokens.

Trezor Features

This cold wallet includes a crypto exchange that allows you to buy, sell, or exchange your crypto assets for other digital currencies.

As previously stated, Trezor delivers the best security to its users. Each user's private keys are stored offline to prevent thefts and hacks. Despite providing robust security, the wallet is straightforward and uncomplicated.

Trezor Pros

It delivers advanced safety measures to protect users.
The user interface is very simple and convenient.

Trezor Cons

It does not come with a smartphone app.
Trezor wallets do not support Bluetooth connectivity.

Go to Trezor

SafePal

Through its software and hardware wallets, SafePal is committed to giving people a safe place to store their crypto assets. Due to its robust security features, SafePal has been adopted for use by over 3 million people across 196 countries.

Its growing reputation can be attributed to its partnership with Binance. The SafePal hardware wallet is the first hardware wallet backed and endorsed by Binance Labs.

Due to its partnership with Binance Labs, Safepal supports the Binance Coin. It has also been added to the protocols for the Binance Smart Chain (BSC), DEX, and Dapps.

SafePal works with over 15 blockchain networks and 10,000 digital currencies, as well as Binance Coin. Currently, the platform has over 3 million users spread across 195 countries.

SafePal Features

The SafePal app is an essential feature on this platform. The app is designed to help users monitor and manage their digital assets. Using the app, users can view their previous transactions. The app is essential for trading and exchanging crypto assets in SafePal wallets.

In terms of their security features, SafePal wallets are air-gapped. In simpler terms, these devices do not come with Bluetooth, USB, or WiFi ports. Therefore, they cannot connect to computers.

With this feature, all SafePal devices are kept separate, making it very hard to hack the wallet or get to a user's private keys. The platform also includes an exchange called Binance DEX, which makes it easier to trade and swap cryptocurrency.

SafePal Pros

Through its SafePal app, it offers a neat and user-friendly interface.
Hardware wallets are air-gapped as an extra security feature.
It supports over 15 blockchain networks and 10,000 digital assets.
It's easy to carry.

SafePal Cons

It does not support crypto staking.

Go to SafePal

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The Best Binance Coin Software Wallets

Trust Wallet

Because it is easy to use, Trust Wallet has a good reputation in the crypto community. It is the most popular mobile wallet in the world, in terms of how many people use it. The wallet supports the BEP2 and ERC20 versions of the Binance Coin (BNB).

With Trust Wallet, users can manage their private keys independently since they are non-custodial. So, this hot wallet is a safe place to store and manage your BNB tokens.

This wallet currently supports over 1 million crypto assets across different blockchain networks. Additionally, users can store their non-fungible tokens in this wallet. The wallet allows users to back up their digital assets as an additional form of security. Utilizing this feature, you can back up your Binance Coins.

Trust Wallet Features

Trust Wallet includes a built-in Web3 browser. Users can use the browser feature to interact with popular Dapps on the Binance Smart Chain, like PancakeSwap.

Users can also use this wallet or its WalletConnect support to connect to the Binance DEX platform. The wallet also delivers cryptocurrency staking opportunities to its users.

With the staking options in the wallet, you can earn up to 29% APR. Some cryptocurrency exchanges don't offer as many rewards as these platforms do. The wallet also offers extensive security options to users. These include 2FA verification, biometric support, and a PIN.

Trust Wallet Pros

This wallet supports over 1 million digital assets, including the BNB Coin.
Mobile-friendly. It is also available on some Mac computers.
Simple process to purchase crypto assets.
Crypto staking opportunities are available.

Trust Wallet Cons

Vulnerable to phishing attacks and social engineering.
Account recovery through customer support is not available.
The self-service process is complicated.

Go to Trust Wallet

Binance Chain Wallet

The Binance Chain Wallet serves as the main wallet for the Binance Smart Chain, Ethereum, and the Binance Chain. As of now, this wallet can only be accessed using a browser extension. However, it can only work with the Brave, Chrome, and Firefox browsers.

Like other hot wallets, this one is non-custodial. Therefore, users must store their private keys independently to prevent thefts or hacks. The wallet works with different blockchain networks and can be used to connect to crypto projects on those networks. The wallet can hold BEP2, BEP20, and ERC20 tokens.

Binance Chain Wallet Features

This hot wallet has many exciting features. For example, users can swap their BNB coins for other crypto assets in their wallet. Users can also use this hot wallet to mint their NFTs or earn rewards through yield farming.

The Wallet Direct feature is another excellent one that users will enjoy. This feature allows users to send their BNB coins directly from their Binance Chain wallets to their Binance account wallets.

Users of the wallet can also take advantage of the Binance Bridge. The bridge will enable users to transfer assets across different blockchain networks.

Binance Chain Wallet Pros

Easy to set up and use.
The wallet can connect to multiple blockchain networks.
The wallet supports NFTs, crypto swapping, and yield farming.
The Wallet Direct feature allows users to transfer assets seamlessly.

Binance Chain Wallet Cons

The wallet is only compatible with three web browsers (Firefox, Brave, and Chrome).

Go to Binance Chain Wallet

Exodus Wallet

Exodus is a cryptocurrency wallet that can store Binance Coin and many other digital assets. When it came out in 2016, Exodus was one of the first crypto wallets that could hold more than one type of currency.

This crypto wallet has desktop and mobile versions. Additionally, it can be used with Trezor hardware wallets. As a non-custodial wallet, Exodus ensures users have complete control over their digital assets.

Exodus Features

This wallet provides several excellent features to its users. For example, Exodus only charges fees for sending assets. There are no fees attached to receiving cryptocurrencies.

Users can purchase, swap, or sell their assets using this wallet. The wallet also supports cryptocurrency staking. Exodus uses the Simplified Payment Verification (SPV) system for its transactions.

There is a dedicated customer support team for wallet users. Users can contact support via email or live chat. There is also a help page on the website.

The wallet is also compatible with many blockchain networks. These include Ethereum, Polygon, Avalanche, and Binance Smart Chain, to name a few.

Go to Exodus Wallet

MetaMask Features

As part of its core features, users can buy, send, or receive crypto assets using MetaMask. Additionally, users can exchange their digital assets and store NFTs in their wallets.

MetaMask also has a feature for its users called "staking," and its transactions use a system called "simplified payment verification" (SPV). Additionally, this wallet is compatible with hardware wallets.

MetaMask Pros

The download and installation processes are seamless.
MetaMask supports all ERC20 digital currencies and NFTs.
The wallet is compatible with several blockchain networks.
Users can create numerous wallets within one app.

MetaMask Cons

This wallet does not support Bitcoin.
The technical support available to users is minimal.
The wallet does not have a password reset option.

Go to MetaMask

How to Select the Best Binance Coin Wallets

Because the Binance Coin is so valuable, users need to make sure they choose the best BNB crypto wallets to store their assets. Generally, when picking a crypto wallet, users must consider three key components. They are security, ease of use, and backup facilities.

Security

To choose the best cryptocurrency wallet, you need to look at its security features. The best software wallets for Binance Coin should have two-factor authentication (2FA), biometric support, and a PIN code.

Also, the best hardware wallets make sure that the user's private keys are kept offline so that they can't be stolen or hacked. Generally, the best crypto wallets offer optimum security to their users.

User Experience

The best Binance Coin wallets must deliver user-friendly features to their users. The wallet must offer a neat user interface with easy-to-understand functions. Before selecting a crypto wallet for your assets, read reviews about the user experience from other users. You can learn more about how to set up a crypto wallet here.

Backup Facilities

Because cryptocurrencies are so sensitive, it is often best for users to choose crypto wallets with good backup features. The backup feature attached to the crypto wallet must be simple and direct. Additionally, the backup function must be easily accessible to wallet users.

Conclusion

Aside from the wallets listed above, you can store BNB coins in many other great software and hardware wallets. They include wallets like Coinomi, Clay, Ethos, and Jaxx.

All of the options mentioned in this article are good choices for keeping your BNB coins safe. They are secure, user-friendly, and offer adequate backup facilities to their users. However, if you prefer the most secure options, hardware wallets like Ledger, Trezor, and Safepal are most appropriate.

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Dean Fankhauser

Dean has an economics and startup background which led him to create Bitcompare. He primarly writes opinion pieces for Bitcompare. He's also been a guest on BBC World, and interviewed by The Guardian and many other publications.

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