Binance smart chain wallet vs metamask free#

For example, if you only want to spot trade BSC tokens and other cryptoassets, a custodial wallet is a reasonable choice. Likely, you won’t be able to connect to DApps either. Without owning your private key, you aren’t entirely in control of your wallet. This is the case with your digital assets in an exchange’s wallet. Custodial - The wallet provider holds your private key. Each type has its advantages and disadvantages.ġ. BSC wallets are also typically hot wallets that allow you to quickly connect to DApps or start staking. Most BSC wallets will be non-custodial, meaning you have control of your private key. There’s more than just one type of wallet out there. The five wallets below all differ slightly, so your best bet is to try them and see what you prefer.īefore you choose a specific wallet, think about what you need. Custodianship, security, and usability are important to consider, and everyone has their top priorities. When you find a BSC supporting wallet, there are a few types and options to choose from.

Binance smart chain wallet vs metamask free#

Apart from the hardware version, all crypto wallets mentioned are free to use.īNB Smart Chain (BSC) is relatively new, so not all wallets currently support BEP-20 tokens. SafePal also offers a cold storage hardware wallet for anyone looking for the highest security. They’re decentralized and store your private key on your device. If you prefer a mobile experience, MetaMask, MathWallet, Trust Wallet and SafePal are available for iOS and Android.

You also may want to access your wallet on different devices.įor browser extension wallets, MetaMask, MathWallet, and Binance Wallet are good options. Security, custodianship, and interacting with smart contracts are key points to consider. Choosing a crypto wallet depends on your needs.