The Best 5 Binance Coin (BNB) Wallets to Use in 2024

Binance Coin (BNB) is the native token that powers the Binance ecosystem. It is used to pay for transaction fees on Binance Smart Chain (BSC), and is also the governance token that allows holders to vote for changes on the network.

The token is also used for staking to secure the network. This ensures that the network is protected by validators who help to verify transactions. The token is also used to incentivize validators as rewards for helping to secure the network.

If you wish to explore the Binance ecosystem’s non-fungible tokens, decentralized finance, or anything else it has to offer, you’ll need BNB to do that because there are fees to pay. Apart from that, BNB is also a viable investment asset as it has grown astronomically and still holds much potential because the Binance ecosystem continues to grow.

If you wish to buy the token, you’ll need a good wallet to hold it, and the following are the best you can choose from.

Binance Wallet

This is a web3 wallet created by Binance. Since you’re holding BNB, what better wallet is there to use than the one created by Binance itself right? The wallet is highly secure, using multi-party computation technology (MPC).

It supports all things web3, including NFTs, DeFi, and decentralized applications. The wallet, though rich, is designed in a way that anyone can use it. It is available as a mobile app for both Android and iOS devices.

Another great thing about the wallet is that it is a non-custodial wallet, that is you get to maintain full control over your assets with no third party interference. It also supports hundreds of other crypto assets, not just BNB.

Trust Wallet

We cannot talk about good BNB wallets without mentioning Trust wallet. It is a hot wallet that supports millions of crypto assets from over 100 blockchains. This is what makes the wallet attractive to altcoin investors.

It is also a non-custodial wallet, giving you complete and exclusive control over your assets, including BNB. Trust wallet comes as a mobile app for Android and iOS devices but is also available as a browser extension for Chrome and other top web browsers.

It is easy to use, and highly secure, supporting crypto staking and NFTs being a leading web3 wallet.

Exodus 

Exodus is another multi-asset web3 wallet that supports over 350 crypto assets including BNB. it is also a multi platform wallet, being available on desktop, Android, and iOS devices. You can use it to access hardware wallets such as Ledger as well.

Being a non-custodial wallet, it also gives you full access and control over your crypto assets. The wallet is of high security and allows you to stake selected assets to earn passive rewards. This is an advantage of Exodus.

It also supports NFTs, so you can use it to hold your favorite NFT collections. Both beginners and experienced crypto investors can use it easily.

Coinbase Wallet

Coinbase wallet is a web3 wallet that supports hundreds of crypto assets including BNB. It is a non-custodial wallet that, even though it was created by Coinbase, gives the user exclusive access to the wallet.

Coinbase wallet can be used on Android and iOS devices, but is also available as a browser extension for Chrome and other top web browsers. The wallet’s simple design makes it perfect for beginners who are just getting into crypto.

Ledger Nano X

Ledger Nano X is a hardware wallet produced by security company Ledger. It is one of its two wallets that offer cold storage for crypto assets. You can use it to hold over 5,000 crypto assets including BNB.

The wallet also allows staking and holding of NFTs across blockchains. One thing that makes it special is its Bluetooth connectivity which allows users to access it through their mobile devices, not just desktops.