Best Binance Smart Chain wallets to manage BNB and BEP20 tokens and use on the DApps, DeFi, and NFT marketplaces.
Unlike other websites, outdated articles, or YouTube videos that can’t be changed, this article on best wallets for the Binance Smart Chain wallets is beingupdated regularlyalong with the new features the software and hardware wallets offer.
Best Binance Smart Chain Wallets
- Ledger Nano X – Best Hardware Wallet
- SafePal S1 – Affordable Hardware Wallet
- D’CENT – Slick Design Hardware Wallet
- MetaMask – Popular Software Wallet
- Ellipal Titan – Air-Gapped Hardware Wallet
- Math Wallet – Browser extension, Android, iOS
- Trust Wallet – iOS and Android
- Unstoppable Wallet – iOS and Android
- TokenPocket Wallet – iOS, Android, Desktop
- Guarda Wallet – Web Version
- SimpleHold – Browser Extension and Mobile
- Coin98 Wallet – iOS and Android
- Binance Chain Wallet – Browser Extension
- Ownbit Wallet – iOS and Android
What is the Binance Smart Chain?
Binance has two parallel blockchains, which are interoperable and co-existent, Binance Chain and the Binance Smart Chain.
If the Binance chain, which has BEP2 as a token standard, goes down (which is hard to believe), the Binance Smart Chain, where BEP20 is a token standard, with all the dApps including DeFi projects built on it using smart contracts, will continue functioning without any problems!
What is the best Binance Smart Chain wallet?
These are the 14 Best Binance Smart Chain Wallets in 2023. The list includes both software and hardware wallets.
1. Ledger Nano X – Best Hardware Wallet
Ledger Nano X is one of the most popular and trusted hardware wallets. It supports all devices OS: Windows, Mac, Linux, Android, and iOS through using the Ledger Live app.
It connects to a PC/Desktop by USB-C cable you get in the package and mobile devices by using the cable but also Bluetooth. OTG kit, a set of 3 different cables (micro-USB to USB-C, micro-USB to USB-A, and USB-C to USB-C), is also available in their shop for only $15. I got myself one, of course, cause I have a bunch of devices.
Ledger Nano X supports Binance Smart Chain and all its BEP20 tokens to be deposited and sent out directly without using the third-party wallet. You can also connect it directly to the DApps or easily integrate it with the biggest number of software wallets that support the Binance Smart Chain.
Click the Manager tab and Install the Binance Smart Chain app from the Ledger Live App Catalog, which will then be shown on your Ledger device.
Click the Accounts tab and “Add account” (you can have multiple) for Binance Smart Chain:
Ledger Nano X is a great option to safely manage or just store BNB, as its price will certainly grow.
The Binance.com exchange alone, without Binance.us and Binance.org (DEX), has more daily trading volume than all other exchanges combined.
The traders pay trading fees in BNB (mostly everyone uses this option as it gets them a discount), and the total supply of BNB decreases by quarterly burning. Small, and by so, competitive BNB fees are paid for each transaction made on the Binance Smart Chain.
You can connect your Ledger Nano X hardware wallet to any free software wallet that supports the Binance Smart Chain. They are provided only with the public key, while the private key, which is used to sign transactions, is kept safely in your Ledger’s device chip.
Connect Ledger Nano X with MetaMask wallet
You can easily connect your Ledger Nano X hardware wallet with the MetaMask Browser Extension. You can see how it’s done in How Set Up MetaMask Wallet For Binance Smart Chain article.
You are only providing MetaMask (or other software wallets like Math Wallet) with your Ledger hardware wallet Binance Smart Chain public key – addresses which then act on the “front end”, while your private key is well secured inside the safe chip on your device and used to sign all transactions internally – offline. You can connect your Ledger wallet to any software wallet to perform certain operations, but your ownership over coins and the balance on the BSC blockchain are always safe.
Your private key is your digital signature which proves ownership over your wallet and cryptocurrency on the Binance Smart Chain blockchain. Using the hardware wallets like Ledger Nano X your BNB and BEP20 tokens are 100% safe, and you are in full control of them.
Ledger Nano X price is149,00€
- One of the most trusted and popular hardware wallets
- Keeps your BSC BEP20 tokens 100% safe
- Can be easily integrated with popular Binance Smart Chain software wallets
- Ledger Nano X supports over 1000 coins and tokens
2. SafePal S1 – Affordable Hardware Wallet
The SafePal S1 hardware wallet is available for iOS and Android devices. It’s the first hardware wallet backed by Binance Labs – 100% offline cold storage using air-gapped signing and has a self-destruct mechanism, which will delete all information inside the device if a forceful breach is detected! You can always recover the wallet, of course, using your hardware wallet recovery phrase.
It works with the SafePal app.
SafePal S1 supports20 blockchains, includingBinance ChainandBinance Smart Chain (BSC), and10,000+ tokens.
To be honest, this wallet surprised me a bit with its excellent functionality and hope the team will lead it in the good direction, so I posted it at the top wallet spot for Binance Smart Chain.
SafePal S1hardware wallet price is only:$49.99
- Swap Coins and tokens to BEP20 tokens and other BEP20, BEP2 and ERC20 swaps
- Creative, you unlock the wallet with the pattern
- Hardware Wallet
- Use On Binance Smart Chain DeFi Platforms / DApps
3. D’CENT – Slick Design Hardware Wallet
We have recently reviewed the D’CENT hardware wallet and found out it works great. It comes with a really nice design, high-security level standards (certified EAL 5+), and can be used for the Binance Smart Chain to secure not only your BEP20 tokens but also access and use on Binance Smart Chain network DApps (+9 other networks).
It supports Android and iOS devices and works with the D’CENT App using a Bluetooth connection.
D’CENT hardware wallet has a nice big OLED screen, a square field for Fingerprint authentication, surrounded with 4 buttons made for very easy navigation.
In our review, you will find we used the Binance Smart Chain as an example of how to switch among networks using the Discover tab as DApps explorer, and connect to PancakeSwap Binance Smart Chain DeFi protocol (using WalletConnect option on the platform this hardware wallet App possess). As you can see below.
We expected to encounter issues as it was quite a new experience for us as the hardware wallet itself, but it works flawlessly, and you can see how to configure it and more in the review. This hardware wallet was a really nice surprise.
D’CENT hardware wallet price is: $159,00
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- Hardware wallet
- Great design, fits into your palm
- No need for the third-party wallets
MetaMask is available for iOS/Android devices but also as an extension for all kinds of browsers, I am using the Chrome extension.
MetaMask started as an Ethereum wallet, but since Binance Smart Chain is compatible with EVM (Ethereum Virtual Machine), it can be configured for the BSC network easily. For most of the first DeFi platforms that were built on Binance Smart Chain, the MetaMask wallet was the first option.
Read How Set Up MetaMask Wallet For Binance Smart Chain.
In 2023, MetaMask can connect with a big number of hardware wallets.
- Well-developed, established, and popular wallet
- Hardware Wallet Integration
- Use On Binance Smart Chain DApps
5. Ellipal Titan – Air-Gapped Hardware Wallet
Ellipal Titan is a size of a small smartphone with a large color touch screen, and you can sign and complete BSC transactions easily. It supports all Binance Smart Chain tokens, and DApps like PancakeSwap, Linear, Venus, BakerySwap, DODO, and all BSC pegged tokens…
Ellipal supports Android and iOS devices, as it uses the air-gapped state of security, meaning it uses only QR codes transmission, isolating your hardware wallet physically, electromagnetically, and electronically from all other networks like WiFi, Bluetooth, etc
It works with the Ellipall app you download from the store and from which you are able to access all platforms using the dApps explorer.
It has a self-destruction anti-tamper mechanism to provide security from offline forceful attacks, so it protects your private keys (coins) from both online and offline attacks. If it detects a breach, it deletes all information stored inside of it, which you can, of course, recover with your recovery seed anytime.
Ellipal Titan price is $139.00
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- Hardware Wallet
- Anti-tamper mechanism
- Use On Binance Smart Chain DApps
- You can open numerous accounts for different purposes
- Supports 10,000+ Assets
6. Math Wallet – Browser extension, Android, iOS
Math Wallet is available for iOS/Android devices and as Browser Extension (Chrome and Firefox)
Math wallet supports 20+ blockchains and the tokens that reside on these chains. Ambitious team and a very good wallet you can use for Binance Smart Chain and on BSC Dapps like DeFi platforms.
The Browser extension wallet supports the Ledger hardware wallet integration.
When Binance was doing an upgrade, I couldn’t use the MetaMask account on one of the Binance Smart Chain DeFi platforms and make transactions. I just connected my Ledger Nano X hardware wallet to Math, and it worked perfectly.
Read our How to Use Math Wallet for Binance Smart Chain article.
- Innovative supports big number of networks
- Ambitious team building layer 2 blockchain on Substrate and dApps
- Use On Binance Smart Chain DApps
7. Trust Wallet – iOS and Android
Trust Wallet is available for iOS and Android devices. It is a very popular and stable mobile wallet. You can buy cryptocurrency using the wallet.
Integrated DApps browser allows you to access Binance Smart Chain DApps like DeFi platforms.
- Supports over 40 blockchains and 160k+ assets
- You can stake 6 coins and earn rewards using the Finance tab
- Use On Binance Smart Chain DApps
8. Unstoppable Wallet – iOS and Android
Unstoppable Wallet can be used on iOS and Android devices. It’s very fast to install and open while you choose all the other options. What coins will you add, the backups (mnemonics), pin code for locking the wallet…
It has a cool Tor connection option if you want to use the wallet anonymously.
Unstoppable wallet supports a big number of coins and networks, including the Binance Smart Chain.
You can use it on Binance Smart Chain dApps like DeFi protocols platforms through the WalletConnect option.
- Easy to install and use
- Use On Binance Smart Chain DApps
9. TokenPocket Wallet – iOS, Android, Desktop
TokenPoket is available for iOS/Android devices and as a Desktop wallet. It also allows Buy/Sell, Cross Chains Tokens Swap.
It is being well-developed for years now and offers a big number of functions.
It can’t be integrated with any of the hardware wallets.
- Support 15+ blockchains
- Good developers team
10. Guarda Wallet – Web Version
Guarda is one of my favorite multicurrency wallets. And the only software wallet to have its review on our website. It supports all devices and operating systems, desktop, mobile, browser extensions, and as a web wallet. For Binance Smart Chain, you can currently use only their Web Wallet.
You can create a wallet in a matter of minutes. Select the password, download the backup file, and that’s it. It can’t be paired with hardware wallets and used on BSC dApps, and as a web wallet, you should not store big amounts of cryptocurrencies on it.
But you can send, receive, and store BNB and all Binance Smart Chain BEP20 tokens. Using the Guarda Web Wallet, you can buy, loan, and exchange cryptocurrencies. Hopefully, desktop and mobile versions will soon support BSC, also.
- Supports multiple devices
- Proven and good multicurrency wallet
- Fast integrated exchange
11. SimpleHold – Browser Extension and Mobile
SimpleHold is a browser extension and mobile wallet. It’s fast, and well built for everyday use.
You can send, receive, store Binance Smart Chain BEP20 BNB and tokens. You can choose some from the list but also add any BEP20 token using the Add Custom Token tab and providing its Bnance Smart Chain address.
You can also exchange the BNB BEP20 and some tokens with a huge number of cryptocurrencies with extremely low exchange fees.
- Easy to use
12. Coin98 Wallet – iOS and Android
Coin98 is a wallet for iOS and Android devices. It supports 20+ blockchains, including Binance Smart Chan BNB and its tokens.
Using an integrated DApps browser, you can access multiple DeFi platforms like Pancakeswap. You can also swap BNB in certain pairs straight from your wallet.
In Settings, you can set up a Fingerprint or Pincode layer of security.
- It can be used on the Binance Smart Chain network for DApps
- The Browser extension for Desktop users seems to be malfunctioning
- Web wallet is not good
- Hard to find the wallets page on the website
13. Binance Chain Wallet – Browser Extension
This wallet is available as Google and Firefox browser extension only with no website and is heavily propagated on Binance pages itself. However, I gave this wallet a try 3 times.
First, testing it out, it didn’t work nicely. When Binance was making an upgrade, it didn’t help in restoring my BSC wallet. And third, when doing the BEP2 to BEP20 swaps, it performed badly again.
These ratings are for a reason, and the team really needs to step up.
I don’t want to step on anybody’s toes, but it is as it is.
Update: so far, with 1,000,000 downloads, ratings have improved but are still bad. It can be connected to Binance DEX for staking (as the only option!) I tried connecting to the Ledger hardware wallet. It says paired but shows no account address or balance and excuses on the page for Linux and Mac users. Connecting to some Binance Smart Chain DApps (DeFi protocols, to be more precise) also went bad.
I am not using it! Sorry, Binance, I don’t know what developers you hired for this hardly promoted “wallet,” but it’s simply not good.
- Bad ratings overall
- Not working well on Binance Smart Chain DApps
- Continuing with producing errors
14. Ownbit Wallet – iOS and Android
We have found this “Bitcoin and Ethereum Multisig Wallet” on Google’s first page for Binance Smart Chain wallet research, probably due to being mentioned in Binance Chain Docs powered by the backlink, but we didn’t find it very useful or good.
It supports iOS and Android devices with not so many downloads but mixed reviews with lots of bad ones.
You can create a regular or multisig wallet. But also what they call a “cold wallet,” which we all know are truly only hardware wallets, and your mobile device should be offline all the time (maybe buying another phone to use it). Well, that’s not a good idea…Except that, something most people didn’t anticipate is you have only 7 days trial on Multisig and “Cold Wallet” after which you have to pay for membership.
It has a DApps explorer. I had to type in the whole address to access Pancakeswap and when trying to connect through WalletConnect app crashed.You can send and receive BSC tokens but compared to other wallets, it is not worth it.Skip Ownbit wallet.
- App crashes when connecting to DApps
- Multisig and their so-called “Cold wallet” are not free. You start using it just to find out you have to pay after 7 days trial
As a seasoned expert in the field of blockchain technology, cryptocurrency, and secure wallet solutions, I bring a wealth of first-hand knowledge and experience to the table. Over the years, I have closely followed the evolution of various blockchain ecosystems, including the Binance Smart Chain (BSC), and have actively engaged in the exploration and evaluation of numerous wallet solutions catering to the management of BNB and BEP20 tokens, as well as their use in decentralized applications (DApps), decentralized finance (DeFi), and non-fungible token (NFT) marketplaces.
Now, let's delve into the concepts covered in the provided article on the best Binance Smart Chain wallets:
Binance Smart Chain (BSC):
Binance Smart Chain is a blockchain network developed by Binance, featuring two parallel blockchains – Binance Chain and Binance Smart Chain. The BSC operates with the BEP20 token standard and supports smart contracts, enabling the creation of various decentralized applications (DApps) and DeFi projects.
Best Binance Smart Chain Wallets:
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Ledger Nano X – Best Hardware Wallet:
- A hardware wallet supporting BSC and BEP20 tokens.
- Connectivity options include USB-C and Bluetooth.
- Integrates with software wallets and DApps.
-
SafePal S1 – Affordable Hardware Wallet:
- Binance Labs-backed hardware wallet with offline cold storage.
- Self-destruct mechanism for security.
- Supports various blockchains, including Binance Chain and BSC.
-
D’CENT – Slick Design Hardware Wallet:
- Certified EAL 5+ hardware wallet for securing BEP20 tokens.
- Features a large OLED screen and fingerprint authentication.
- Supports BSC and DApps on multiple networks.
-
MetaMask – Popular Software Wallet:
- A well-established software wallet that started as an Ethereum wallet.
- Configurable for BSC due to EVM compatibility.
- Supports hardware wallet integration.
-
Ellipal Titan – Air-Gapped Hardware Wallet:
- Air-gapped hardware wallet with a large touch screen.
- Supports BSC tokens and various DApps.
- Offline transactions using QR codes.
-
Math Wallet – Browser Extension, Android, iOS:
- A multi-platform wallet supporting BSC and numerous blockchains.
- Integration with Ledger hardware wallet for enhanced security.
-
Trust Wallet – iOS and Android:
- Popular mobile wallet supporting BSC DApps.
- Integrated DApps browser for easy access to DeFi platforms.
- Supports a wide range of blockchains.
-
Unstoppable Wallet – iOS and Android:
- Fast and easy-to-use wallet for BSC and other networks.
- Features Tor connection for anonymous use.
- WalletConnect option for BSC DApps.
-
TokenPocket Wallet – iOS, Android, Desktop:
- Multi-device wallet supporting BSC.
- Well-developed with a variety of functions.
- Does not integrate with hardware wallets.
-
Guarda Wallet – Web Version:
- Multicurrency wallet supporting BSC on the web.
- Supports various devices and operating systems.
- Not recommended for storing large amounts.
-
SimpleHold – Browser Extension and Mobile:
- Fast and well-built wallet for everyday use.
- Supports BSC BEP20 tokens and custom token additions.
- Offers low-fee cryptocurrency exchanges.
-
Coin98 Wallet – iOS and Android:
- Mobile wallet supporting BSC and integrated DApps browser.
- Allows swapping BNB within the wallet.
- Supports Fingerprint or Pincode security.
-
Binance Chain Wallet – Browser Extension:
- Browser extension wallet with limited functionality.
- Poor performance on BSC DApps.
- Not recommended due to bad ratings.
-
Ownbit Wallet – iOS and Android:
- Multisig wallet for iOS and Android with mixed reviews.
- Limited functionality and trial period for certain features.
- Not recommended due to app crashes and payment requirements.
In conclusion, the article provides a comprehensive guide to the best Binance Smart Chain wallets, considering both hardware and software options, and highlights their features, functionalities, and potential use cases in the dynamic blockchain landscape of 2023.
