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Create a Wallet
When you're setting up a wallet, be sure to:
- ✅ Download and install only the latest version from an official source.
- ✅ Follow the setup guide carefully.
- ✅ Safely back up your recovery phrases.
- ❌ NEVER share your recovery phrases with anyone, under any circumstances.
- ❌ NEVER input your recovery phrase to a website or app, other than your wallet app.
Mobile device wallets and desktop-based wallets have different strengths and weaknesses. Consider which fits your needs better to help decide which type of wallet to use.
| Mobile | Desktop |
Use anywhere | ✅ | ➖ |
Easy to use | ✅ | ➖ |
More secure | ➖ | ✅ |
Accessibility friendly | ➖ | ✅ |
Damage/loss/theft resistant | ➖ | ✅ |
Power/connection outage resistant | ✅ | ➖ |
Smartphone/Mobile wallets allow you to access your crypto almost anywhere. Wallets are available on both Android and iOS devices.
This comparison table gives an overview of the most popular mobile wallets.
| Trust Wallet | MetaMask | SafePal |
Binance Smart Chain support | ✅ | ⚠️ | ✅ |
Built-in DApp browser | ✅ Android ⚠️ iOS | ✅ | ✅ |
Hardware wallet compatible | ➖ | ✅ | ➖ |
Open-source | ✅ | ✅ | ➖ |
Interact with BscScan (for advanced users!) | ➖ | ✅ | ➖ |
⚠️ Requires some setup
🔶 Only supports SafePal hardware wallet
You can find more in-depth information about each wallet below, as well as download links and installation guides.
Trust Wallet
MetaMask
SafePal
Trust Wallet is a popular wallet for smart devices. It supports DApps, NFT collectibles (with Opensea.io support), and in-wallet staking.
Pros:
- Open source for auditability
- Backed by the Binance cryptocurrency exchange
- Easily switch between several crypto networks
- Includes networks by default
- Includes in-wallet staking options
- Has additional features such as NFT collection, BNB staking, and DApp access within the wallet
Cons:
- Language tied to phone settings
- Limited DApps
- Transaction notifications can be delayed
MetaMask is a very popular browser-based wallet plugin that supports ERC20 (Ethereum network) and BEP2 & BEP20 (Binance Chain and Binance Smart Chain networks).
Pros:
- Open source for audibility
- WEB3 capable on BscScan
- A strong history of security and reliability
- A large number of how-to guides and resources online
- Many tools and custom settings
- Offers ETH purchases with Transak
- Supports a very large number of languages
- Is also available a browser plugin for desktop devices
Cons:
- Longer setup time than other options
- Additional steps needed to use Binance Smart Chain and PancakeSwap
- Extra information and settings may confuse beginners
SafePal is available as both a software and hardware wallet. The wallet is easy to install and create and comes ready to support BEP2 (Binance Chain) and BEP20 (Binance Smart Chain) right away.
Pros:
- Easily switch between several crypto networks
- Offers 25% fee discount paying with BNB (requires login)
- Has the option for Google Authenticator built-in
- Supports a large number of languages
- The setup process is very simple
- Is available as both a software and hardware wallet (work together)
- Supports NFTs on both the BSC and ETH networks
Cons:
- Isn't fully open source
- Has some features that are not yet ready for use (such as Defi)
- Does not give user notifications
- Does not enforce strong security during initial setup and wallet creation
- Has fewer online resources than more established wallets
Desktop wallets are available on your home computer or laptop computer. Wallets on your computer can run as standalone applications, or as web browser plugins for popular browsers like Chrome and Firefox.
This comparison table gives an overview of the most popular desktop wallets.
| MetaMask | Binance |
Binance Smart Chain support | ⚠️ | ✅ |
Built-in DApp browser | ➖ | ➖ |
Hardware wallet compatible | ✅ | ✅ |
Open-source | ✅ | ✅ |
Interact with BscScan (for advanced users!) | ✅ | ➖ |
⚠️ Requires additional setup
You can find more in-depth information about each wallet below, as well as download links and installation guides.
MetaMask
Binance Wallet
MetaMask is a very popular browser-based wallet plugin that supports ERC20 (Ethereum network) by default, and BEP2 & BEP20 (Binance Chain and Binance Smart Chain networks) with a little work.
Pros:
- Open source for audibility
- WEB3 capable on BscScan
- A strong history of security and reliability
- A large number of how-to guides and resources online
- Many tools and custom settings
- Supports a very large number of languages
- Is also available on mobile devices
Cons:
- Longer setup time than other options
- Additional steps needed to use Binance Smart Chain and PancakeSwap
- Extra information and settings may confuse beginners
Binance Wallet is a browser-plugin wallet that natively supports the Binance Chain (BEP2) & Binance Smart Chain (BEP20) networks. Binance Wallet was developed by the Binance cryptocurrency exchange.
Pros:
- Open source for audibility
- Backed by the Binance cryptocurrency exchange
- Can be directly linked to a Binance or Gmail account
- A streamlined user experience
- Supports Binance Smart Chain by default, making using PancakeSwap easy
- Supports a large number of languages - Hardware wallet compatible
Cons:
- Lacks some custom settings of other wallets
- The lack of additional tools makes some actions available in other wallets impossible
- Has fewer online resources than more established wallets
Last modified 5mo ago