BNB helps to facilitate payments and transactions for many DApps (Decentralized Apps) on the Binance Smart Chain (BSC). With the interest investors have in Binance Coin, BNB holders are looking for the best BNB wallet to secure their Binance Coin. In this guide, we’re going to go through the absolute best BNB wallets for securing your BNB.
KEY TAKEAWAYS
• Binance Coin (BNB) is a widely-used cryptocurrency, primarily functioning on the Binance Smart Chain (BSC).
• The best BNB wallets in 2024 are YouHodler Wallet, Exodus, Trust Wallet, MetaMask, Ledger, and SafePal.
• BNB remains a strong long-term investment due to its important role in the Binance ecosystem and other EVM chains.
The Best BNB wallets in 2024
Now, many market-leading software cryptocurrency wallets support Binance Coin (BNB). Here is a brief overview of some of the wallets that support BNB.
The Best BNB software wallets
The following software wallets are the best options for ensuring the safety of your BNB:
1. YouHodler
YouHolder is a well-known crypto wallet that you can access on both desktop and mobile devices. It acts as a one-stop shop for crypto solutions, and the additional services are what sets it apart. BNB is just one of over 60 assets available on YouHodler, and the multi-coin wallet is a useful service for handling a crypto portfolio. The team has put security first, never lock funds, and allow users to withdraw them at any time. It also provides 24/7 customer support.
2. Exodus
One of the original cryptocurrency wallets, Exodus Wallet has been around since 2016 and remains one of the most popular desktop wallets available on the market. And due to its multivariate offerings, it remains one of the best BNB wallets around. Exodus supports all major cryptocurrencies, and provides an inbuilt swap function that allows users to swap their favourite assets to BNB with just one click.
3. Trust Wallet
Trust Wallet is the most popular mobile-only cryptocurrency wallet available. It allows BNB crypto holders to safely secure and manage their assets whilst retaining full control of their private keys at all times. On Trust Wallet, you can store coins from all major networks, with the added option to backup your BNB assets available for an added layer of security. This makes Trust Wallet one of the best BNB wallets.
4. MetaMask
MetaMask is a wallet that is available as a browser extension and a mobile app. It offers users a secure key and seed phrase vault, safer login functionalities and better security when interacting with DeFi products across the BSC network. Connecting your MetaMask wallet to BSC is simple, and once connected, users can safely spend, stake and swap their BNB on DApps and DEXes across the network, as well as interact with smart contracts and DeFi products.
The best BNB hardware wallets
A hardware wallet is a cryptocurrency wallet that stores the user’s private keys in a secure, offline hardware device. Hardware wallets are also known as “Cold Storage” wallets, as they’re designed for long-term storage of assets in safes or other safe places. Here are the best options for BNB:
5. Ledger
Ledger has proven itself to be the most popular hardware cryptocurrency wallet on the market. It provides comprehensive security for your BNB and is easy and simple to configure. Do note that it isn’t just a BNB wallet for storing your BNB crypto. Instead, it can store other crypto assets with ease. It offers two models, the Ledger Nano X & Ledger Nano S, both of which offer full BNB support.
6. SafePal
SafePal is the first hardware wallet that is backed by Binance Labs. Safe to say, it is an out and out BNB wallet. No pun intended! It provides a secure and user-friendly platform for your Cryptocurrencies through hardware and software wallet products — with the SafePal App managing all of it. Users can store, manage and trade their crypto assets using the app as well as manage their NFT’s, the newest and most interactive asset class in the industry.
The following BNB wallets were chosen based on a multitude of reasons. Primarily, they should support BNB. Outside of this, wallets were chosen based on supported assets, custody, open-source, wallet type, and many other features.
The BNB wallets compared
| Wallets | Type | Cryptos | Custody | Open-source |
|---|---|---|---|---|
| YouHodler | Mobile | 70+ | Custodial | No |
| Exodus | Mobile, desktop, & extension | 50+ blockchains | Non-custodial | Partially |
| Trust Wallet | Mobile & extension | 100+ blockchains | Non-custodial | Partially |
| MetaMask | Mobile & extension | Any EVM blockchain | Non-custodial | Yes |
| Ledger | Hardware | 1,000+ | Non-custodial | Partially |
| SafePal | Hardware | 50+ blockchains | Non-custodial | Partially |
What is Binance Coin (BNB)?
Binance Coin (BNB) is the native coin of the Binance Smart Chain (BSC). Posthumously named, BNB is the product of the Binance exchange, founded by Changpeng Zhao (CZ), and launched in 2017.
BSC began as two separate blockchains (one EVM-compatible and another Cosmos SDK chain) but was eventually merged into one, in a similar way that Ethereum merged the beacon and execution chains to create Ethereum 2.0. As a result, BSC can run Ethereum applications and supports ERC-20 tokens.
What is a BNB wallet?
A BNB wallet is a cryptocurrency wallet where you can store your Binance Coin safely and securely. BNB was an ERC-20 standard token, which meant it had to be stored in an Ethereum compatible wallet. When Binance launched their mainnet, BNB also became a BEP-2 coin on the Binance Chain.
This essentially means it’s the equivalent of an ERC-20 token but on Binance’s own network. The Binance Smart Chain also had its own token, BEP-20. However, the Binance Chain has been deprecated, so users should only store the BEP-20 version of BNB.
Is BNB crypto a good investment?
BNB crypto is used to complete various functions across the Binance chains, so as more users use Binance to trade and store assets, the value of BNB will rise.
With the growing number of investors and users of the Binance network, it’s safe to say that BNB remains a stable long-term investment. For a more detailed analysis, please refer to our BNB price prediction.
The best BNB wallets are at a stone’s throw
If you’re a BNB holder looking for a reliable BNB wallet, the choices are many! Whether it’s a software or hardware wallet, BNB crypto is now widely supported, so you’re sure to find the right wallet for your needs using our guide above. As a bonus, you now also know more about BNB and the abundance of cryptocurrency wallets available that can safely secure your BNB for you.
Frequently asked questions
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Can you store BNB on MetaMask?
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