Have you ever wondered if the Binance chain is a good thing? When talking about cryptocurrency exchange, one of the first names that come to mind is Binance. In a very short period of time, it has become synonymous with an industry that launched its own cryptocurrency called BNB. In addition to all of its crypto-related endeavors, it has also developed its own version of the blockchain, called Binance Smart Chain.
Now let’s talk about Binance Chain Wallet. It is primarily a cryptocurrency wallet to access Binance Chain, Ethereum, and Binance Smart Chain. You will be able to securely store the cryptocurrencies you own and also connect to hundreds of projects of various blockchains.
Whether you are looking for a way to trade BNB for other cryptocurrencies or NFTs, you can easily do so through wallets in your browser extension. Binance Chain Wallet currently supports Brave, Firefox, and Chrome.
According to the official Binance website, their Smart Chain is a blockchain that was created to enable faster decentralized exchanges. The high-performance blockchain is designed to focus on the programmability of smarter contacts, and also aims to address scalability issues that may have spread to the entire blockchain community.
The coin/currency that was used to trade in the blockchain has also become a vital result of the blockchain and wallets are essential for storage. The Binance Chain Wallet will help you in this regard. Here’s everything you need to know about it!
What makes the Binance Chain Wallet unique?
At first glance, you will have the impression that the Binance Chain Wallet is similar to other extension-based wallets. However, there are some features that make it different from all the other options you are considering.
If you have a Binance account, you can easily link the wallet to Wallet Direct. This feature will save you from copying and pasting addresses when transferring digital assets between the latter.
You also have the option to use your Gmail account to sign up for your wallet via tKey. If you lose access to the wallet, you have the option to recover it in the following three ways:
Votre connexion Gmail. Lorsque vous utilisez un appareil local. Avec le mot de passe du compte qui a été créé lors de la configuration.
Keeping all keys private is a big responsibility and using tKey is very beneficial. Binance’s on-chain wallet features make it easy for someone who is not very familiar with cryptocurrency wallets.
Set up a Binance Chain wallet
Within a few minutes, you will be able to configure your trusted wallet and use BSC. Here are the steps you must follow:
Download the Binance Chain Wallet from the homepage. All you have to do is choose your browser where the extension can be installed.
After installing the extension, you will see your registration page. You can also choose the Gmail page.
Now click on Create Wallet and then choose ‘Continue’ via tKey.
You will see a popup appear in front of you to sign in with Gmail. The Binance chain wallet and tKey will use your Gmail account to authenticate your identity in the future, if necessary.
Now you need to create your own password for secondary protection in case the private key is lost.
You will now see the initial statement of your Binance Chain wallet. It can be used to restore the account. You also have the option to create the starting phrase yourself. Make sure it contains 24, 21, 18, 15 or 12 words.
Always be careful not to use the initial phrase with anyone. Think of it as your bank account’s PIN or password. In case of loss, you will still have access to your wallet through the combination of your tKey password and email address.
Click Continue when you are sure your initial statement has been safely saved.
You have now successfully created a Binance Chain Wallet. You can also use it to send and receive Binance Chain, BSC, as well as Ethereum tokens. You will also be able to interact with smart contracts and DApps on the blockchains.
BNB Deposit by Wallet Direct
If you want to use and interact with Binance’s Smart Chain networks, having some BNB in your wallet is a must. You will be able to pay transaction fees with BNB when you transfer or interact through smart contracts. There are two types of BNB tokens. One is BEP-20 and the other is BEP-2. Since we need to interact via BSC in these situations, you will need to use the BEP-20 token.
If you already have BNB in your instant wallet, you can also connect to your account through the Binance Chain Wallet using the feature called Wallet Direct. Here is the detailed guide:
Appuyez sur l'icône en haut à droite de l'écran de la page d'accueil du portefeuille. Appuyez ensuite sur "Connecter avec le compte Binance". Connectez-vous maintenant à votre compte et cliquez sur "Vérifier et connecter mon adresse". Vous allez voir une autre fenêtre pop-up vous demandant une connexion au portefeuille. Appuyez dessus pour ouvrir le portefeuille Chain, puis appuyez sur Connecter. Ensuite, vous devez autoriser la connexion à un porte-monnaie. Il s'agit d'une étape de vérification qui permet de s'assurer que vous êtes bien le propriétaire du portefeuille. Une fois que c'est fait, vous devez passer par le processus d'authentification de Binance, qui constitue la dernière étape du contrôle de sécurité. Si votre compte est associé à la fonction 2FA, vous devrez également l'utiliser. Une fois la vérification effectuée avec succès, votre compte est lié au portefeuille. Vous pourrez le voir dans la section votre compte du portefeuille ou sur la page web de Wallet Direct. Vous pouvez maintenant commencer à transférer les fonds depuis votre compte. Appuyez sur l'onglet Recevoir et sélectionnez Wallet Direct.
You will now see the balance of assets available for transfer.
You also have the option to make direct deposits from another account. As an example, we will be looking at the process of transferring BNB from your account wallet to your Binance Chain wallet.
Allez sur la page de retrait du compte Binance, puis choisissez le réseau BEP-20. Sur le Binance Chain Wallet, tapez sur Native Token et ensuite sur l'option de réception. Vous allez voir le code QR qui peut être scanné ou l'adresse à copier pour le retrait du portefeuille. Notez que toutes les adresses BEP-20 commencent par 0x et que BEP-2 commence par BNB.
New token added to Binance Chain wallet listings
- Once you have setup your Binance Chain Wallet, you will see your virtual BNB balance. You can also add parts by searching for them in the list available by clicking on the + button.
- Look at the icon you want to add and click on the checkbox. Your wallet will accept token deposits even if you haven’t checked the list. By checking the token, your balance will be visible.
Binance Smart Chain interaction with Chain Wallet becomes easier. It only takes a few minutes and you can start trading, trading and moving forward with your DApps interactions. Here is the step-by-step guide to logging in with PancakeSwap. All DApps have the same user interface that can be used to log in with the wallet.
Cliquez sur Connecter, que vous voyez en haut à droite de votre écran. Choisissez Binance Chain Wallet. Gardez à l'esprit que toutes les applications numériques ne seront pas prises en charge par votre Binance Chain Wallet. Une fenêtre pop-up va apparaître pour vous demander si vous devez connecter la DApp. Appuyez sur l'option 'Connecter' et cliquez sur confirmer. L'adresse du portefeuille apparaîtra maintenant en haut à droite de l'écran.
The world of blockchain has developed rapidly. It can be concluded that what was once considered an innovative feature is now considered obsolete. This has led companies to work hard to keep pace with the changing landscape. Binance Chain Wallet is one of the best options for your cryptocurrency wallet. This is especially true for people who already have a Binance account.
One can get nervous when they send their crypto assets while dealing with addresses, so using Wallet Connect would be a great idea. Same goes for your initial statements and private keys. This might seem like a big hurdle for someone unfamiliar with crypto, so making your wallets easy to use would be the best way to join DeFi and crypto!