Best Binance (BNB) Wallet To Use In 2020

I have picked up Binance Coin (BNB) for my portfolio very early soon after its launch. I am sure too did so or atleast have realized its worth now !!

It is a project which showed the world importance to token economics and how to go about creating one of the best token economics in the ecosystem.

Of course, many have followed the Binance’s suit and tried to copy the idea, but you can only copy the idea but no the pace at which Binance implements things.

This has made BNB coin one of the most valuable exchange coins, and it is likely to continue that way. That’s why it makes sense in securing any BNB coins you have especially when their mainnet swap is complete, and there is a native BNB coin on the Binance Chain.

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Check out some of the reliable BNB coin wallets that should use:

Best Binance Coin (BNB) Wallets

 

Type of Wallets Wallets
Binance Coin (BNB) Hardware Wallets
Ledger Nano X [Recommended]
Ledger Nano S
Binance Coin (BNB) Android & iOS Wallet Apps
CoolWallet S
Trust Wallet
Binance Coin (BNB) Web Wallets
Binance Chain Web Wallet

#1. Ledger Nano X

One of the most sought after hardware wallet companies in the world is Ledger SAS, which develops solutions for the security of digital assets like Bitcoin, Ethereum, etc.

This time they have launched their Bluetooth enabled crypto hardware wallet. In my opinion, it is the best hardware you can get for the security of your cryptocurrencies.

This wallet is an HD wallet that supports 1000+ cryptocurrencies with its software interface, i.e., Ledger Live. The good thing is, Ledger Nano X also supports Binance Coin (BNB).

Plus being a wireless device, it allows you to connect your iOS and Android devices without any OTG or USB. The device’s battery can last upto 5 hours. You can read our detailed review of Ledger Nano X here.

PS: Always buy Ledger Nano X from this official website, purchases made through other sources such as Amazon have been reported faulty resulting in compromising of user’s funds.

But one important thing, Ledger Live app doesn’t directly support BNB coin instead you need to use Binance Chain’s web wallet to store BNB on Ledger device.

This should not be a problem because, in any case, your coins are being stored in the hardware device itself. It is just that the interface through which you manage and access your coins will be of the Binance web wallet.

I am anticipating in near future BNB coin will also be supported directly on the Ledger Live app.

Buy Ledger Nano X Now

#2. Ledger Nano S

Ledger Nano S is the most used hardware wallet and is the precursor to Ledger Nano X.

It offers the same standard of security as Nano X but has fewer features. Such as it doesn’t have a battery or it isn’t Bluetooth enabled.

The design is not as sleek as Ledger Nano X, but it is fit for the job. You can easily store 1000+ cryptos on it including the BNB coin on Ledger Nano S.

The initial set-up for Nano S is also the same as Nano X, and both of them provide you with seed-words that keep you in control of your digital assets.

You can also use your Ledger Nano S with Android devices with an OTG, but it doesn’t support iOS devices like Ledger Nano X. So if you are low on your budget and still want to secure your cryptocurrencies like Binance Coin safely, go for Ledger Nano S.

If you’re still confused you can read our detailed review of Ledger Nano S device.

PS: Always buy Ledger Nano S from this official website, purchases made through other sources such as Amazon have been reported faulty resulting in compromising of user’s funds.

But mind you, you can only store BNB on Ledger devices through Binance’s web wallet because Ledger Live support for BNB isn’t available yet, but in the future, you can expect this to change.

Buy Ledger Nano S Now

#3. Binance Chain Web Wallet

Binance web wallet is the official wallet for the Binance coin.

The wallet is directly integrated with the Binance DEX only where you can keep your BNB coins as well as other cryptocurrencies and remain in control of your funds.

When you make a new wallet, you are given a keystore file and asked to set a password. Both these are very important in accessing your wallet.

So keep both these things secure. Also, you can take a back-up of your seed words which you should do in case you lose your password or keystore file.

Additionally, Binance we wallet integrates with your Ledger devices so you can easily store your Binance Coins on Ledger devices by using the interface of the Binance web wallet. This option is handy for people who don’t like to use web wallets.

Check Out Binance Chain Web Wallet

#4. CoolWallet S

CoolWallet S is another hardware wallet that you can use to store your cryptocurrencies, including BNB coin.

If you don’t like bulky hardware wallets and want something as simple as credit cards, CoolWallet S is for you. It is a hardware wallet for cryptocurrencies that looks like a credit card. It fits comfortably, into your purse.

Again, it is convenient to use with mobile devices because it is Bluetooth enabled and comes with a battery that can last upto several hours.

You can directly store your BNB coins on CoolWallet S or use the WalletConnect feature of the Binance Web wallet to access your BNB funds on a web interface.

Moreover, it is an HD wallet that provides you with the seed words at the time of the initial set-up so that you remain in full control of your digital assets.

Check Out CoolWallet S

#5. Trust Wallet

Trust Wallet is the mobile wallet for Binance Coin.

For those of you who don’t know, Trust wallet is owned by the Binance company only. That’s why it is logical to understand that Trust Wallet is one of the few wallets to support Binance Coin.

Trust wallet is also a non-custodial wallet like all others we have listed above and provides you with the seed of your wallet to keep you in control of your funds.

Trust wallet supports both iOS and Android devices for more than 50+ cryptocurrencies, including BNB coins. So if you are someone who is looking for a reliable mobile wallet for Binance Coin, your search should end here.

Check Out Trust Wallet Now

Conclusion: Binance Coin BEP Token Wallets

Please note: All the Binance Coin (BNB) wallets that we have listed above are a non-custodial wallet and are capable of storing native BNB coins of Binance Chian.

These wallets for BNB BEP coins and not for BNB ERC20 tokens. For those of you who don’t know, Binance has migrated from ERC20 tokens to its native tokens on its Binance Chain.

Maks sure you choose the right wallet and if you still have any confusion, feel free to let us know in the comments section below 🙂

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