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What Is A Binance Chain Wallet? How To Use Binance Chain Wallet

Have you heard about the Binance Chain Wallet? It is an official Binance Cryptocurrency wallet that helps users to retrieve Binance Smart chain, Binance Chain, and Ethereum; moreover, you can use this to securely store your crypto and various block chains. You can access Binance Chain Wallet through Chrome, Firefox, and Brave. Now let us discuss how the Binance Chain Wallet is different from others? 

Also Read: How To Buy Cryptocurrency? Buying Guide 2022

How the Binance Chain Is Ordinary From Others? 

Binance Chain Wallet extension is just like the Sollet Wallet, but there are few features that differentiate Binance Chain Wallet from the other wallets. If you already have a Binance account, you can easily link it to your wallet, and it saves you from copying and pasting the address when transferring the digital assets within two. 

You can directly sign up through your Gmail account for the wallet through tKey. Additionally, whenever you want to recover your Binance account you can use the following two methods: 

  1. Through Gmail login 
  2. By using local device 
  3. With your account password created during set-up 

Security of your private keys is so essential to keep everything safe, hence by using tKey you can make everything safe. These features allow users to use Binance Chain Wallet easy even to those also who are not so familiar with crypto wallets. Now, let’s dive into how to create and use Binance Chain Wallet.

How To Create And Use Binance Chain Wallet? 

  • First choose the browser that you want to install the extension to, and then download the Binance Chain Wallet on the Binance Chain homepage. 

binance chain wallet

  • Now, you can see the sign-up page after completing the installation of the extension. In this example, we will create a new wallet by using a Gmail account. 

NOTE: You can use the existing crypto wallet if you have the original seed phrase or tKey login id and password. 

  • Now, click the “create wallet” and then select “continue with tKey via: Gmail. 

binance chain wallet

  • Now, you will see the pop-up that asks you to log in using your Gmail ID. To authenticate users identity for further queries, tKey and Binance Chain Wallet will use the user’s Gmail ID. 

binance chain wallet

  • Further, you need to create a password that will act as a second layer of the protection, in case you lose your private key.  

binance chain wallet

  • The next step is to create a seed phrase, in case if you have the seed phrase then you can switch to recover your account. Moreover, the Binance Chain Wallet’s seed phrase should contain 12, 15, 18, 21, or 24 words. 

NOTE: Always remember, never share your seed phrase with anyone, it is just like a bank account details or an ATM pin; if you lose it, anyone can access your Binance Chain Wallet. But if you lose it and directly you can switch to the other password then you can safely keep your data in the Binance Chain Wallet.

  • Now, the next step is to click “continue” if you are sure that you securely saved the seed phrase.

binance chain wallet

  • And now you have successfully set up your Binance Chain Wallet. You can use it to send and receive BSC, Binance Chain, and Ethereum tokens. You can also interact with DApps and Smart contracts on these block chains. 

binance chain wallet

So, these few steps are essential to create a Binance Chain Wallet. Now, let us discuss how to deposit BNB with the Binance Wallet Directly.

Also Read: BitBoy Crypto Net Worth 2022

How To Deposit BNB With The Bianance Wallet?

Having some BNB in your Binance Chain Wallet is essential, if you want to use and interact with the Binance Smart Chain network. You can pay a BNB for paying transaction fees when making transfers and interacting with smart contracts. BEP-20, and BEP-2 are the two types of BNB tokens that you can use, to interact with BSC you must need to use BVB BEP-20 tokens. In case, if you have some BNB in your Binance Chain Wallet, you can use the “Wallet Direct” feature to connect your account with your Binance Smart Wallet. 

  • First, click the icon on the top right of the wallet’s homepage, and then click “connect to binance.com account” 

binance chain wallet

  • Now, log in to your Binance Account and click “verify and connect my address”. 

binance chain wallet

  • Now you can see the pop-up, which is asking you to connect the wallet, by clicking this you can open up the Binance Chain Wallet, where you need to click on connect. 
  • Further, you need to give the permission for your wallet to sign Bianance’s Message, this is the step that actually verifies that the particular user is the owner of the wallet, so it permits the user to connect. 

binance chain wallet

  • After completing the previous steps, you need to pass through Binance’s authentication process as a final layer of security. In case you have a 2FA linked account, you will also need to use that. 
  • After a verification process, your Binance account will be successfully linked to your wallet. If you want to cross verify it, you can check in the account section of your wallet or in the Wallet Direct web page. 

binance chain wallet

  • Now if you want to start transferring funds from your Binance Account, you need to click the ‘Receive’ button and choose ‘Wallet Direct’. 

binance chain wallet

  • You will now see the balance of your available assets to transfer.

binance chain wallet

The Gist 

According to the reports, Binance Smart Chain Wallet is an unbeatable choice of crypto wallet, especially for the users who already have a Binance Account, because the Binance Chain Wallet is secure and safe, you can trust the wallet to safely transfer digital assets from one wallet to another. 

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