Binance Smart Chain Wallet (BNB) | Coin Wallet (2024)

What is Binance Smart Chain?

Binance Smart Chain (BSC) is a blockchain platform developed in 2020 in order to provide faster transactions with other expanded capabilities. It utilizes a combination of the Proof-of-Stake and Proof-of-Authority models in its algorithm.

BSC and Binance Chain are totally separate blockchains, but designed to function parallel to each other. This design allows benefits of both blockchain to create a more efficient service. They are also compatible with the Ethereum Virtual Machine.

BSC allows for Dapps to be taken from other blockchains and developed there by way of smart contracts. This makes it extremely valuable for investors as well as developers of all Dapps.

How to create Binance Smart Chain wallet?

Creating Binance Smart Chain wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.

The process is simple:

  1. Select “Create new wallet”.
  2. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
  3. Set a PIN for quick access on your device.
  4. From here, you’re ready to send, receive and exchange Binance Smart Chain with the app. You can buy Binance Smart Chain with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.
Binance Smart Chain Wallet (BNB) | Coin Wallet (2024)

FAQs

How do I withdraw my BNB smart chain from Binance? ›

To withdraw funds from your Binance USDT BNB Smart Chain account to a Binance USDT funding wallet address, follow these steps:
  1. Log in to your Binance account and navigate to the "Wallet" tab.
  2. On the "Wallet" page, find the "BNB Smart Chain" section and click "Withdraw" next to "Binance USD (BUSD)".
Apr 29, 2024

How do I convert my BNB smart chain to cash? ›

Sell Binance Coin for Fiat. Cash Out BNB in a Few Clicks
  1. Enter the amount of BNB that you wish to sell.
  2. Input the bank or card details where you'd like to receive your funds.
  3. Confirm the information to create your sell order.
  4. Send the exact amount of Binance Coin to the provided wallet address.

How do I get a BNB smart chain wallet? ›

How to create Binance Smart Chain wallet?
  1. Select “Create new wallet”.
  2. You will be given a unique passphrase. This is your only way to access your wallet. ...
  3. Set a PIN for quick access on your device.
  4. From here, you're ready to send, receive and exchange Binance Smart Chain with the app.

What is my BNB wallet address? ›

To find your wallet address on Binance Smart Chain , you will need to log into your Binance account and navigate to the " Wallet " tab . From there , click on " Overview " and then select " Deposit . " You will see a list of cryptocurrencies , including Binance Coin ( BNB ) .

How do I remove money from my BNB wallet? ›

To do this, go to the “Settings” section of your wallet and select “Add Private Key.” Enter your private key and select “Add.” After the private key has been added, select the BNB asset from the asset list and enter the withdrawal address and amount of BNB you want to send.

Why can't I withdraw from Binance? ›

Occasionally, we may need to lock your account if you have made recent changes to it. For example, if you have reached out to our team to reset your two-factor authentication, or you have changed your password, we will temporarily disable your ability to withdraw.

Can I transfer BNB to my bank account? ›

To withdraw BNB to your local bank account, you'll need to follow these general steps: 1. Convert BNB to a fiat currency: Since you cannot directly withdraw BNB to a local bank account, you'll need to first convert it to a fiat currency (e.g., USD, EUR, or GBP).

How do I sell my BNB smart chain? ›

How to sell Smart Chain BNB?
  1. Pick BNB as “You Send” currency above.
  2. Choose the asset you'd like to get for your BNB.
  3. Enter the wallet address of the coin you'd like to get.
  4. Send your deposit to a one-time address.
  5. Receive your exchanged coins in ~5 mins!

What's the difference between BNB and BNB smart chain? ›

BNB Smart Chain supports EVM-compatible smart contracts and protocols, facilitating cross-chain transfers and other communications. The native token, BNB, is used for smart contract execution and staking. There is no inflation of the BNB token, which means that validators do not earn a block reward.

What is the best wallet for BNB? ›

Binance Coin Wallets: Top 10 Safest Places to Store BNB
  1. Ledger Nano S (Hardware Wallet) ...
  2. Trezor Model T. ...
  3. The Trust Wallet (Mobile Wallet) ...
  4. Binance Chain Wallet (Web Wallet) ...
  5. ELLIPAL Titan. ...
  6. Exodus Wallet (Desktop & Mobile) ...
  7. Coinomi Wallet (Desktop & Mobile) ...
  8. Enjin Wallet (Mobile)
Feb 15, 2024

Is Binance a BNB wallet? ›

Navigate Your Way Through Web3

A wallet within the Binance app, which offers users a secure and streamlined method to manage their assets. Users can enter the world of DeFi and dApps on a browser extension wallet for BNB Beacon Chain, BNB Smart Chain, and Ethereum.

How to withdraw money from Binance? ›

Here are the steps to withdraw your funds from Binance to your bank account:
  1. Log in to Binance: Access your Binance account by logging in. ...
  2. Choose Your Currency: Select the fiat currency (e.g., USD, EUR, GBP) you want to withdraw. ...
  3. Select Payment Method: ...
  4. Security Verification: ...
  5. Wait for Processing: ...
  6. Check Your Bank Account:
Jun 8, 2024

How i get my Binance wallet address? ›

To find your crypto wallet address on Binance, log in to your Binance account, navigate to the "Wallet" tab, and select "Overview." Then, click on the cryptocurrency you want to find the address for and select "Deposit." Your wallet address will be displayed, and you can copy it to use for deposits or transfers.

How to open Binance wallet? ›

Log In to Your Binance Account: Start by logging in to your Binance account using your registered email address and password. Access the Wallet Section: Once you're logged in, you'll be on the Binance dashboard. Look for the "Wallet" icon located in the top navigation bar. Click on it to access your wallet details.

How do I withdraw money from Binance to my bank account? ›

How to Withdraw Money from Binance to Your Bank Account
  1. Log in to Binance: Access your Binance account by logging in. ...
  2. Choose Your Currency: Select the fiat currency (e.g., USD, EUR, GBP) you want to withdraw. ...
  3. Select Payment Method: ...
  4. Security Verification: ...
  5. Wait for Processing: ...
  6. Check Your Bank Account:
Jun 8, 2024

Can I transfer BNB from Binance to Trust wallet? ›

When you transfer assets from your Binance Funding Wallet to your Trust Wallet account, you won't even need to scan/input a wallet address. Only need to click “Deposit from exchange” on Trust Wallet App.

Can I transfer BNB Smart Chain to Binance? ›

You can deposit BNB into your Binance Chain Wallet from the Binance Exchange Fiat/Spot wallet or from a different wallet.

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