In this article we are going to talk about best Binance Coin Wallets in 2021 which you can choose from. We will provide you a detailed review of every Binance smart chain wallet that you can use to send, receive and swap BEP20 tokens easily and conveniently.
So, without any further ado, let’s get started.
What is Binance?
Binance’s history goes beyond the platform’s founding today. The exchange industry is not alien to Changpeng Zhao, CEO. Furthermore, through his Fusion Platforms firm in 2005 he helped to build a range of high speed trading systems for brokers.
Zhao joined the blockchain in 2013 when he accepted a high-ranking role on the blockhain.io wallet software. He then co-founded OkCoin, one of China’s most important exchanges. All this experience is undoubtedly translated immediately in Binance‘s development.
Binance is now the world’s largest regulated crypto-monetary exchange platform. Only the US-based Binance platforms average USD 2 billion in trades per day in order to take its size into account.
When you combine this information with a government regulation of the exchange in all but 15 nations, you can easily understand how it has become a household brand in the industry.
Binance has not always been the leader in the sector. A thorough evaluation of its past shows that the flexibility and determination of the firm to adopt change have made it what it is today. Binance, for example, did not provide crypto trade pairings to fiat in its early days.
The BNB Tokens
A native utility token called the BNB was released by Binance in 2017. With this token, users can pay discounted charges. It also offers greater flexibility with relation to the platform’s trading pairings.
All things changed upon the transition of BNB Binance to his own mainnet in April 2019. Binance then burnt five million ERC20 BNB tokens and assigned an equal sum of native debt coins to their own wallets. these tokens were call the BEP-2 tokens.
Binance also invited investors and BNB holders of the ERC20 tokens, during this period, to exchange BEP-2 tokens via the BNB currency converter. However, the eventual impact of the actions of Binance is unknown as Binance still supports ERC20 tokens. And if you like, you can always convert it to the BEP-2 tokens.
8 Best Wallets for Binance Coin (BNB)
To save some of your time, we have compiled an exclusive list of reliable BNB coin wallets that can consider to use. We update our article on daily basis with the most updated information available from the official authorities.
1. Ledger Nano S
Ledger Nano S is a hardware wallet meant to provide cryptocurrencies with total protection. It appears like a USB drive linked through a USB connection to your laptop or PC.
The Ledger has two side buttons as well as an OLED screen to validate your transaction. A cryptographic mechanism has also been added to ensure the authenticity of the device when it is powered.
When you initially set up Ledger, a PIN number will be chosen to safeguard your wallet. After that, you will create a 24-word recovery password which may be used to retrieve your money if the wallet is lost. Ledger is one of the industry’s safest Binance Coin Wallets, as its security methods and crypto processes are implemented, and all your currencies are held offline. The service provides support for a wide range of currencies and tokens including Bitcoin, Ripple, Litecoin etc.
The design is not as lightweight as the Ledger Nano X, but it is suitable for the purpose. You can effortlessly store 1000+ cryptos on the Ledger Nano S, including the BNB currency.
The basic configuration for Nano S also covers Nano X, both of which provide you seed words to keep you in ownership of your digital assets.
It may also be used with Android smartphones via an OTG with your Ledger Nano S, but doesn’t support iOS devices such as Nano X Ledger. If you’re limited in your budget, then go to Ledger Nano S to ensure that your cryptocurrencies like Binance Coin are protected.
2. Ledger Nano X
Nano X, which is the newest version of Ledger’s famous series of tiny, pocket-sized HD wallets, is a hardware wallet that supports several cryptocurrencies. It was followed by the 2016 release of Ledger Nano S. LedgerSAS, which creates solutions for digital asset safety like as Bitcoin, Ethereum and others, is among the most popular hardware wallet firms worldwide.
They started their Bluetooth-enabled hardware wallets for your digital assets. It is, we believe, the greatest hardware wallet for your coins to be secured. This wallet is an HD wallet which supports more than one thousand coins using the Ledger Live software interface.
Well, Ledger Nano X supports Binance Coin too (BNB). In addition, it allows you to connect your iOS and Android devices without OTG or USB without becoming a wireless device. The battery of the gadget may last up to five hours.
However, the Ledger Live app doesn’t support BNB currency directly, but rather you have to utilize the online wallet of the Binance Chain to store BNB on the Ledger device.
I personally think that this should not be the problem, because your coins are in any case kept on the hardware itself. It’s only that you’re running and accessing your coins via the online wallet Binance. I am 100% sure that The BNB currency will also be natively supported in the Ledger Live application in the near future.
Trezor was the first ever Bitcoin hardware wallet developed, and is well recognized for its high safety measures to prevent virtual and physical theft in your BNB funds.
It is definitely one of the finest wallets for Binance Coin if you want the most security. Trezor is a tiny buttoned device with an OLED screen that may be linked via USB connection to your computer. Google Chrome and Trezor Bridge both let you to access and manage your money.
Trezor is the safest and anonymous gadget, unlike other approaches, which may be hacked. It promotes storage, acceptance and transfer of over 600 cryptocurrencies: from bitcoins to unfamiliar altcoins which you can encounter. Trezor Model T features a brilliant LCD touchscreen with which all transactions are verified and approved by the interface.
With your 64 mm x 39 mm screen and 96 g weight it is extremely convenient to carry it, not even in aircraft, since the X-Rays do not harm it.
The Trezor code has been inspected and checked by security investigators for the previous eight years, with nothing to conceal or be open source. On reality, Trezor code can now handle a large number of hardware wallets in the market with more than 40+ source code repositories.
4. Coinomi Wallet
Coinomi is a popular BNB storing mobile crypto wallet. It can store another 500 crypto coins, comprising Zcash and Bitcoin.
A team of specialists that have demonstrated record in Fin technology, cryptocurrency and business established the wallet in 2014. It was initially an iOS and Android mobile app, however at the end of 2018 a Desktop variant was also launched.
Coinomi has an integrated exchange that enables you to trading BNB with other digital assets. The service is also unique since the payment procedure is single-click cross-chain. It incorporates a number of security steps, including enhanced privacy and recovery passphrases, from a security point of view.
For the wallet access, no KYC or IP procedure is required. In order to anonymize all queries, Coinomi servers hide your IP address.
All private keys are locally saved on your smartphone, which means you have complete control of your cash. It features not just ShapeShift / Changelly integration but also lets you to purchase crypt with fiat. This is a superb coin wallet.
5. Trust Wallet
Trust Wallet is fully decentralized and offers you a simple mobile tools and coins management tool that allows you to handle all your private keys at the same time.
You can store most of the coins on the market with many projects and blockchains accepted indefinitely. Trust Wallet is an easy-to-use mobile wallet application for storing and administering all tokens from the Ethereum network. You may download the wallet on the Play Store and Apple App Store for free.
In terms of its safety, the Trust Wallet has no user or carry-on data access and does not keep private keys on its servers. The keys never leave your smartphone.
In order to use the Trust Wallet no KYC procedure or registration is required. It is also possible to use the Binance crypto wallet as a mobile web browser 3.0 that lets you access all Ethereum-based dApps.
Those who require more protection can enable certain security upgrades, including biometric marker authentication systems using PIN and fingerprint scanning.
Trust wallet support 40+ crypto coins at the same time. You can also stake your coins and can earn profit from there. Trust wallet is controlled solely by Binance. This is why it becomes sense to realize that Trust Wallet is one of the few wallets in the market that is supporting Binance coins.
6. Guarda Wallet
Guarda wallet was developed with the aim of providing simple, safe and secure crypto storing services. Guarda is a non-custodial and multi-asset wallet that offers a wide range of digital asset to users.
For holders of Binance Coin (BNB), this wallet will be extremely handy for safe storage of your digitally assets. This will not only allow you to manage your BNB coins simply, but also allows you to get these coins, send them out and trade them. Guarda Team also works 24 hours a day to answer business issues through customer assistance.
According to trust pilot, around 85% of Guarda users stated they had a fantastic or exceptional experience with the service, while 9% of users indicated they had a poor experience.
Users of Binance Coin may pick a wide selection of services and solutions to meet all their interests. In addition, users may manage their digital assets on whatever device they choose using the Guarda web-based services.
BNB and all Binance Smart Chain BEP20 coins may be sent, received and stored quickly. You may now purchase, lend and trade coins using the Guarda Web Wallet. BSC will also soon offer desktop and mobile apps.
7. Ellipal Titan
Ellipal Titan is a tiny, colored, touch screen-based device that allows you to effortlessly sign and finish BSC transactions. The currencies and DeFi platforms of Binance Smart Chain such as PancakeSwap, Linear, Venus, BakerySwap and DODO are supported, as al of these are BSC Tokens.
Ellipal supports Android and iOS devices, which utilizes airborne security, which means it uses just QR codes that physically, electromagnetically, and electrically isolate your hardware wallet from any other network like as Wifi, Bluetooth etc. The Ellipal app works with you and you may access all platforms using the dApps explorer from the store.
Ellipal‘s strongest characteristics are its hand-tested design, its use of QR codes to totally detach it from the internet or other data source and its simplicity of use using the Ellipal app.
If you do not use a large amount of power, and even if you can force your way into the box, it deletes all stored private keys. This device will be impossible to penetrate. This makes the gadget totally flexible and this is substantially essential compared to other devices like Trezor Model T.
Exodus is a multi-monetary wallet supporting over 100 Cryptocurrencies. The crypto wallet was initially only available on the PC but now you can get your hand on the wallet on IOS and Android.
Exodus is different from other wallets designed for those who have never worked with cryptocurrency. The interface is straightforward to use, and its creators invest a lot of time and effort refining the UI for more natural functioning.
One of the most popular aspects of Exodus is to support a range of cryptocurrencies and bitcoin. You may also use the wallet to replace one coin without registering.
However, remember that Exodus is a lightweight wallet that does not download entire blockchains and employs a series of servers for tracking wallet balances.
Exodus, especially for those who have recently begun with cryptocurrency, is a wonderful choice. The Wallet is an excellent choice for the storage and exchange of modest numbers of cryptocurrencies without going into the narrowness of this procedure with its attractive design and straightforward interface.
For sophisticated cryptocurrency users, we would not advise this, mainly as the ability to establish customized charges is presently confined to bitcoin only.
The wallet has also been penalized since user experience in certain areas is a priority over security. While it’s a positive thing that the software is updated every two weeks
Frequently Asked Questions (FAQs)
Is the Ledger Nano X wallet safe?
Nano X Ledger is extremely safe. The unit has a Secure Element (SE) and BOLOS, which adds extra security. Moreover, a PIN code and a recovery phrase of 24 words must be created for extra security.
What is BNB used for?
BNB Coin is a cryptocurrency primarily used for the payment of transactions and trade fees on the exchange.
How safe is Trezor?
it is a hardware wallet that enables a large range of cryptocurrencies to be safely stored, sent and received. As a hardware wallet, Trezor’s wallet is considerably secure than standard wallets.
In Conclusion – A Pillar in the Crypto market
Remember that everything relies on the investor’s aim. Software and hardware wallets are acceptable when we talk about secure storage alone. Hardware wallets are safer since these wallets are not at stake of getting hacked. Ledger Wallet and Trezor are amongst them.
If you are searching for the best Binance Coin wallets, several functions such as security, private key control, continuous development, customer support and usability need to be taken into account. There are several storage choices, depending on your needs and use, which can meet your requirements for your coin wallet.
Our purpose was to give you all information on Binance Coin Wallets which you need to know about. To make this content, we have done much research. Please feel free to get in touch with us if you have any questions or concerns about the topic. We will be happy to assist.
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Author: Rayne Harris