List of wallets for storing cryptocurrency Binance Coin (BNB)

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Binance Coin (BNB) is a digital asset of the Binance exchange, which performs a wide range of functions within the platform, and also serves as a trading and investment asset, being the third largest cryptocurrency by capitalization. Accordingly, the question arises of where you can store BNB in ​​the most secure and convenient way. The Btcnewsweb.com editorial staff offers an overview of the various wallets for Binance Coin, each of which has its own characteristics.

Features and purpose of BNB

We can say that Binance Coin is at the heart of the entire Binance ecosystem, which has long been no longer limited to trading on the exchange. Examples of using the BNB coin:

  • Get a discount on trading fees.
  • Binance staking (including DeFi token farming on Launchpool).
  • Participation in token sales on Lauchpad.
  • Use for payments (Crypto.com, Pundi X, Monetha, CoinGate).
  • Shopping use (HTC, Gifto, Decentraland, Aeron).
  • Booking hotels and tickets (Trip.io, Travala, Travelbybit).
  • Payment for services and virtual goods (BitTorrent, CenterServ, MyWish, Canya).
  • Lending (NEXO), etc.

Binance burns a certain amount of BNB every quarter and will do so until it burns half of the total supply, that is, 100,000,000 BNB. The other one hundred million will remain in circulation.

Binance Coin operates on three blockchains: Binance Chain (BEP-2 standard), Binance Smart Chain (BEP-20 standard), and Ethereum (ERC-20 standard). Based on this, wallets are selected that support one or another standard. The official BNB page also has a list of recommended wallets.

List of Recommended Binance Coin (BNB) Cryptocurrency Wallets

Let’s consider the most functional options.

What wallets to store Binance Coin (BNB) in

Trust wallet

A wallet with official support from Binance, including an integrated Binance DEX platform for decentralized asset exchange. It also supports working with various dApps, thanks to the built-in tool for interacting with them. Trust Wallet allows you to manage, in addition to BNB, another 160,000 assets placed on 40 blockchains. A number of coins are available for staking without leaving the app.

Trust Wallet gives the user the ability to store their private keys on the device themselves. In addition, it is possible to import other third-party wallets into the application. The application is open source and regularly undergoes security audits.

Binance’s Official Trust Wallet for storing BNB

Atomic wallet

Atomic Wallet is a decentralized cryptocurrency wallet that supports over 500 coins and tokens with a fairly simple and user-friendly interface. Anonymous exchange of more than 60 cryptoassets with each other with cashback for each operation is available. You can stake different coins and make a profit once a week, once a month or once a year.

  • Website: https://atomicwallet.io/binance-coin-wallet
  • Established: 2017
  • Country of registration: Estonia
  • Working with fiat money: it is possible to buy cryptocurrencies from a card
  • Platforms: Android, iOS, Windows, MacOS, Linux

In addition to staking coins such as Tezos, Cosmos, etc., each wallet user can stake native AWC tokens, earning a profit of up to 23% per annum. The ecosystem of the project is designed in such a way that it is convenient for everyone – both a beginner in the field of cryptocurrencies and a professional. To create a BNB wallet using Atomic, you just need to install the application on your phone or computer, and also come up with a password.

Atomic wallet for Binance Coin (BNB)

Guarda

The wallet supports over 45 coins and 10 thousand tokens. Allows you to buy cryptocurrencies with a debit or credit card directly through your wallet (Simplex payment service). There is a built-in exchanger for instant exchange between your cryptocurrencies. Possibility of staking 10+ coins with a yield of up to 25% per annum. Guarda collaborates with projects such as Binance, Zcash, Bitcoin Gold, Ethereum Classic.

  • Website: https://guarda.com/coins/binance-coin-wallet/
  • Established: 2017
  • Country of registration: Estonia
  • Working with fiat money: it is possible to buy cryptocurrencies from a card
  • Platforms: Android, iOS, Chrome browser, Windows, MacOS, Linux

Security measures to protect accounts include support for a multi-signature system. The wallet is compatible with hardware wallets like Ledger. Private keys are stored strictly encrypted. In general, the service is distinguished not only by security, but also by its ease of use.

BNB wallet – Guarda

Exodus

Multi-platform wallet for BNB Coin and over 100 other popular coins. You can exchange one asset for another without registration in a few seconds using the built-in wallet tools. The disadvantages of Exodus include closed source code. However, over the years of existence, no incidents with the loss of funds or other problems have been identified.

  • Website: https://www.exodus.com/bnb-wallet
  • Established: 2015
  • Country of registration: USA
  • Working with fiat money: it is possible to buy cryptocurrencies from a card
  • Platforms: Android, iOS, Windows, Linux, Mac

Exodus provides the ability to easily view and manage your cryptocurrency portfolio. Historical charts, market data – everything is clearly presented in one application. The mobile version of the wallet supports protection using biometric data (face or fingerprint recognition).

Exodus crypto wallet for storing Binance Coin (BNB) token

Coinomi

The Coinomi wallet provides secure storage for over 1,700 assets, including Binance Coin. To date, the service has never been hacked or otherwise compromised. All supported assets can be exchanged directly from the app using integrated cryptocurrency exchanges.

  • Website: https://www.coinomi.com/en/asset/bnb/
  • Established: 2014
  • Country of registration: United Kingdom
  • Working with fiat money: it is possible to buy cryptocurrencies from a card
  • Platforms: Android, iOS, Windows, Linux, Mac

Coinomi comes with Digi-ID technology, which enables modern blockchain-based identity modules. The service allows you to interact with DeFi applications – there is a built-in dApp browser and Web3 support. There is support for offline staking.

Coinomi Cryptocurrency Wallet for Binance Coin (BNB)

Other wallets for BNB

Other wallet options for Binance Coin: Ledger, Safepal, Coolwallet hardware wallets; Enjin Wallet; Infinito Wallet, Zelcore, MathWallet, Magnum Wallet, Hoo Wallet, Ellipal, Meet.One.

How to choose a wallet to store BNB

The best wallet for any cryptocurrency is considered non-custodian – one that does not store private keys. This can be a cold hardware wallet like Ledger, or a software wallet that is more convenient but less secure. The software service must necessarily support the account protection functions: multi-signature, two-factor authentication, biometric login (for mobile services).

If you do not store more than the amount, then it is quite optimal to choose a convenient and time-tested software wallet. But in order to retain long-term large investments, clearly, professionals choose hardware options.

Conclusion

We looked at examples of wallets for Binance Coin – this cryptocurrency is one of the most popular both due to its investment potential and due to its real benefits for traders on the Binance exchange. The prospects of the coin fully depend on the prospects of the exchange itself – but here, it seems, there is nothing to worry about. The platform is confidently on its feet and is actively developing along with the rest of the crypto world.

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