Introduce
Binance Chain Wallet is Binance's official cryptocurrency wallet to access 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 perform yield mining, you can easily do it all with the browser extension wallet. Binance Chain Wallet currently supports Chrome, Firefox, and Brave.
What makes Binance Chain Wallet unique?
At first glance, Binance Chain Wallet looks similar to other wallet extensions. 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 by accessing two of the following three methods:
Sign in through your Gmail
Use your local device
Use the account password that was created during setup
Keeping private keys 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 cryptocurrency wallets.
Set up Binance Chain Wallet
1. Download Binance Chain Wallet on the Binance Chain homepage. Select the browser where you want to install the extension.
2. After installing the extension, you will see the registration page. For this example, we will create a completely new wallet with a Gmail account.
Note: You can also use an existing crypto wallet if you have your seed phrase or tKey credentials.
3. Click [Create Wallet] then select [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 authenticate 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, if you lose your private key.
6. You will now see the Binance Chain Wallet backup phrase, which you can use to restore your account. You can also create your own fallback phrase. In general, this phrase should contain 12, 15, 18, 21 or 24 words.
You should never share your backup phrase with anyone. Keep it similar to your bank account password or pin. If you lose it, you can still gain access to Binance Chain Wallet using your email address combined with your tKey password.
7. Click continue when you are sure that you have saved the safe fallback phrase.
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 using 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: BEP-20 and BEP-2. Because we want to interact with BSC in this case, we must use the BNB BEP-20 token.
If you already have some BNB in your Binance spot wallet, you can connect your account to the Binance Chain Wallet using the [Wallet Direct] feature.
1. Click the icon at the top right of the wallet homepage, then click [Connect to Binance.com account].
2. Log in to your Binance account and click [Connect to Binance.com account].
3. Now, you will see a pop-up asking for [Connect to wallet]. Click here to open Binance Chain Wallet, where you can click [Connect].
4. Next, you will need to authorize your wallet to sign Binance messages. This step verifies you are 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 authentication process as a final layer of security. If you have 2FA linked to 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 [Receive] button and select [Wallet Direct].
8. You will now see your transferable asset balance.
Deposit money from another wallet
You can also deposit funds directly from another wallet. In this example, we will transfer BNB from the Binance account wallet to the Binance Chain Wallet.
1. Go to the withdrawal page from your Binance account and select the BEP-20 (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 BEP-20 addresses start with 0x , while BEP-2 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 even 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 [Connect] button 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 [Connect] button to confirm.
4. Your wallet address will now appear in the top right corner.
summary
Binance Chain Wallet is a great cryptocurrency wallet option, especially convenient for those who already have a Binance account. If you feel nervous about depositing crypto assets and dealing with addresses, then taking full advantage of Wallet Connect is a good idea. This concern is also common if you have to secure private keys and fallback phrases. That's a huge hurdle for anyone new to cryptocurrency. So, making the wallet as easy to use as possible is a good way to make the cryptocurrency and DeFi markets more accessible to more people.
