Introduction

Binance Chain Wallet is Binance's official cryptocurrency wallet, used to access Binance Smart Chain, Binance Chain, and Ethereum. You can use it to store your cryptocurrencies securely and connect to thousands of projects on different blockchains.

You can exchange BNB for other tokens, create NFTs or do yield farming. Everything in a practical and easy way with the browser wallet extension. Binance Chain Wallet currently supports Chrome, Firefox, and Brave.

What makes Binance Chain Wallet unique?

At first glance, Binance Chain Wallet looks like other browser extension wallets. There are, however, some features that set Binance Chain Wallet apart from others. If you already have a Binance account, you can easily link it to your wallet with Wallet Direct. This feature eliminates the need to copy and paste addresses when transferring digital assets between the two wallets.

You can also use a Gmail account to sign up for the wallet using tKey. If you lose access to your wallet, you can recover it using two of the following three methods:

1. Through your Gmail login

2. Using your local device

3. With your account password created during setup

Keeping your private keys safe is a big responsibility, so using tKey might be a good idea.

These two features make using Binance Chain Wallet much easier, especially for those who are not very familiar with cryptocurrency wallets.

Configurando a Binance Chain Wallet

1. Download Binance Chain Wallet from the Binance Chain homepage. Just choose the browser you want to install the extension on.

2. After installing the extension, you will see the registration page. In this example, we will create a new wallet with a Gmail account.

Note: You can also use an existing cryptocurrency wallet if you have your seed phrase or tKey login credentials.

3. Click [Create Wallet] and select [Continue with tKey via: G].

4. A window will appear asking you to log in using Gmail. If necessary, tKey and Binance Chain Wallet will use your Gmail account as a way to authenticate your identity in the future.

5. The next step is to create a password that can act as a second layer of protection in case you lose your private key.

6. You will now see your Binance Chain Wallet seed phrase, which can be used to recover your account. You also have the option of creating your own seed phrase. The word group must contain a total of 12, 15, 18, 21 or 24 words.

Never share your seed phrase with anyone. Treat it as if it were a password or PIN for your bank account. If you lose it, you can still access your Binance Chain Wallet using your email address along with your tKey password.

7. When you are sure you have safely stored your seed phrase, click continue.

8. You have successfully set up your Binance Chain Wallet. Now you can use it to send and receive tokens from BSC, Binance Chain and Ethereum. You can also interact with DApps and smart contracts from these blockchains.

Depositing BNB with Wallet Direct

If you intend to use and interact with the Binance Smart Chain network, it is essential to have a balance of BNB in ​​your wallet. You can pay transaction fees with BNB when making transfers and interacting with smart contracts. There are two types of BNB tokens: BEP-20 and BEP-2. In this case, we want to interact with BSC, so we have to use BNB BEP-20 tokens.

If you already have some BNB balance in your Binance Spot Wallet, you can connect your account with Binance Chain Wallet using the [Wallet Direct] feature.

1. Click the icon in the top right corner of the wallet home page. Then click [Connect to Binance.com Account]

2. Log in to your Binance account and click [Verify and connect my address].

3. A window will appear asking you to connect. Click [Connect to Wallet]. When you open the Binance Chain Wallet, you can click [Connect].

4. Next, you will need to give your wallet permission to sign the message from Binance. This step verifies that you are the owner of the wallet and allows it to connect.

5. After completing the previous steps, you will have to go through Binance's authentication process, as a final layer of security. If your account has 2FA authentication, you will need to use that too.

6. After successful verification, your Binance account will be linked to your wallet. You can check the process in the account section of your wallet or on the Wallet Direct page.

7. To transfer funds from your Binance account, click the [Receive] button and choose [Wallet Direct].

8. You will see the balance of your assets available for transfer.

Depositing from another wallet

You can also deposit directly from another wallet. In this example, we will transfer BNB from our Binance account wallet to the Binance Chain Wallet.

1. Go to your Binance account withdrawal page and select the BEP-20 (BSC) network.

2. In your Binance Chain Wallet, click [Binance Chain Native Token] and then [Receive].

3. You will see a QR code that can be scanned or an address to copy to your withdrawal wallet. Note that all BEP-20 addresses start with 0x, while BEP-2 addresses start with bnb.

Adding new tokens to your Binance Chain Wallet list

1. By default, after setting up your Binance Chain Wallet, you will only see your BNB balance. By clicking the [+] button, you can add more coins by searching the available list.

2. Search for the token you want to add and click the checkbox. In this example, we added Binance-Peg Ether. Your wallet will still accept deposits of other tokens even if you haven't added them to your list. By selecting a token, you simply make your balance visible.

Conectando a Binance Chain Wallet à Binance Smart Chain 

It's easy to interact with Binance Smart Chain using your Binance Chain Wallet. With just a few clicks, you can start staking, token swapping, and interacting with DApps. Let's see how to connect with PancakeSwap. Almost all DApps will have the same interface to connect your wallet.

1. Click [Connect] in the upper right corner of the screen.

2. Select [Binance Chain Wallet]. Please note that not all DApps support the use of Binance Chain Wallet.

3. A window will appear asking if you want to connect to the DApp. Click [Connect] to confirm.

4. Your wallet address should now appear in the top right corner.

Final considerations

The Binance Chain Wallet is an excellent choice of crypto wallet, especially for those who already have a Binance account. It's normal to be a little nervous when sending crypto assets and dealing with addresses, so it's a good idea to take advantage of Wallet Connect's features. The same goes for private keys and seed phrases. It's a huge hurdle for any new crypto user. Therefore, making wallets increasingly easier to use is a great way to unite the crypto world with the DeFi sector.