Binance Coin (BNB) is an ERC20 based cryptocurrency which fuels all operations on the Binance exchange. BNB offers its owners a variety of options in the Binance ecosystem, such as bidding, exchange, listing, investing in ICOs and deduction from transaction fees. There are various methods in which one can store BNB. In this article, we will be featuring the best Binance Coin wallets which you can choose from.
Ledger Nano S
Ledger Nano S Wallet website: https://www.ledger.com/products/ledger-nano-s
Ledger Nano S Wallet type: Multicurrency, Hardware Wallet
Ease of use: Hard – requires a complex configuration
Safe: Highly secure
Ledger Nano S is a hardware wallet which was designed to offer complete security to crypto funds. It looks like a USB drive that can be connected to your laptop or computer via the USB port. The Ledger features two side buttons for transaction confirmation and an OLED screen. It has also implemented a cryptographic procedure which verifies the integrity of the device when powered on.
As you configure Ledger for the first time, a PIN code will have to be selected in order to secure your wallet. After that, a 24-word recovery phrase will be generated which you can use to recover your funds in case the wallet is lost.
Ledger is among the most secure Binance Coin wallets in the industry as it implements a variety of security protocols and cryptographic procedures, and all your coins are stored offline. The service supports a large variety of coins and tokens, including Bitcoin, Ethereum, Ethereum Classic, Stratis, Dash, Zcash, Dogecoin, Litecoin, Ripple, Monero and, of course, Binance Coin.
Trezor Wallet website: https://trezor.io/
Trezor Wallet type: Multicurrency, Hardware, compatible with OS X (version 10.8 and higher), Windows (version 7 and higher), Linux and Android devices.
Ease of use: Hard
Trezor was the first Bitcoin hardware wallet ever created, and it is known for its top security features which protect your BNB coins against virtual and physical theft. It is no doubt one of the best Binance Coin wallets if you are keen on having the greatest security available.
Trezor is a small device with buttons and an OLED screen which can be connected to your computer via USB port. You can also access and manage your funds by using Google Chrome and the Trezor Bridge.
When connecting the device for the first time, it features a PIN code made out of nine digits on its OLED screen, and you will be required to input the same pin code by clicking on the PC screen you are connected to. This code is generated at random each time Trezor is accessed, and it ensures that even if your computer is infected with malware, your funds are still secure.
After entering the PIN, a 24-word recovery seed will be generated, which is to be used for wallet restoration. Another passphrase can be added to the 24-word seed for additional protection. Its high-security standards make it one of the best Binance coin wallets.
Trezor also supports an impressive number of cryptocurrencies in addition to Binance Coin, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Monero, Zcash, and many others.
The wallet can also be used in tandem with apps such as Multibit HD, Mycelium, and TREZOR Wallet.
Trust Wallet | Binance Coins Wallets
Trust Wallet website: https://trustwallet.com/
Trust Wallet type: Mobile, compatible with Android and iOS
Ease of use: Medium
Trust Wallet is a user-friendly mobile wallet app which can be used to store and manage all tokens issued by the Ethereum blockchain. The wallet is available for download for free on Google’s Play Store and Apple’s App Store.
Trust Wallet can be used to store almost all ERC-20 and ERC-223 tokens, such as Ether (ETH), Binance Coin (BNB), Ethereum Classic (ETC), OmiseGO (OMG), Qtum (QTUM), Maker (MKR), Augur (REP), VeChain (VEN), ICON (ICX), Aeternity (AE), 0x (ZRX), and much more.
Regarding its security, Trust wallet does not have access to user or wallet data and does not store the private keys in its servers. The keys never leave the device you are using. No KYC procedure or registration is needed in order to use Trust Wallet. This Binance crypto wallet can also be used as a mobile web 3.0 browser which can allow you to access all Ethereum-based dApps.
Those that want extra security can activate a number of security features, such as biometric marker authentication systems that use PIN and fingerprint scanning.
Atomic Wallet | Binance Coins Wallets
Atomic Wallet website: https://atomicwallet.io/
Atomic Wallet type: Compatible with Windows, macOS, Ubuntu, Debian, Fedora, Android and iOS operating systems.
Ease of use: Intuitive and user-friendly interface
Atomic Wallet is a decentralized wallet app which supports cross-chain and transparent cryptocurrency exchange and does not control any of the private keys. The wallet is notable for its atomic swap feature which allows users to covert cryptos without leaving the wallet. Through its integration of ShapeShift and Changelly plug-ins, users are also able to perform trades in a more traditional fashion.
Atomic supports over 300 cryptocurrencies (including Zcash) and is compatible with Windows, macOS, Ubuntu, Debian, and Fedora operating systems. Mobile users also have Android and iOS versions. Atomic is one of BNB’s best wallets if you are also looking to trade and store multiple cryptos.
Coinomi Wallet website: https://www.coinomi.com/en/
Coinomi Wallet type: Multicurrency, Android, iOS and Desktop.
Ease of use: User-friendly
Coinomi is a popular mobile crypto wallet which also supports BNB storage. It allows the storage of 500 other cryptos, including Zcash, Bitcoin and Ethereum.
The wallet was created in 2014 by a team of experts that have a “proven track record in Fintech, cryptocurrencies, and entrepreneurship.” It was initially a mobile wallet for iOS and Android but, at the end of 2018, the team also released a Desktop version.
Coinomi features a built-in exchange which allows you to trade BNB with other digital assets you own. The service is also unique, as it comes with a one-click cross chain payment process. From a security perspective, it implements a variety of security measures, such as advanced privacy and recovery passphrase.
No KYC process or IP association is needed to access the wallet. Coinomi’s servers mask your IP address in order to anonymize all the requests. All private keys are stored locally on your device, meaning you have full control of your funds.
This is a great Binance Coin wallet as it not only has ShapeShift / Changelly integration, but it also allows you to buy cryptos with fiat.
When looking for the best Binance Coin wallets, you must take into account several features, such as security, private key control, continued development, customer support, and usability. Depending on your needs and use, there are various storage options which can suit your requirements for your desired Binance Coin wallet.