Binance Chain Wallet is an electronic wallet that allows users to connect to various blockchain networks. This article will help you learn more about the Binance chain wallet and install and use it.
Table of Contents:
What is the Binance chain portfolio?
Binance Chain Wallet is an extensible digital wallet that allows users to connect to other blockchain networks such as Binance Chain, Binance Smart Chain, and the Ethereum network. The Binance Chain wallet is a cryptocurrency wallet issued by Binance, which allows users to transfer funds over supported networks.
Binance Chain Wallet supports a convenient Wallet Direct feature that allows users to link their Binance account to the BC Wallet. Thus, users can quickly transfer money between these accounts.
How to install Binance Chain Wallet
Step 1: To download the BC wallet, visit the Binance chain homepage here.
Step 2: Select the browser corresponding to the browser you are using. This article guides you to download the application on the Chrome browser.
Click the Chrome icon. A new window appears, click Add to Chrome, then click Add extension.
Click the list of extensions installed on Chrome, select the BC wallet icon.
Two options are displayed:
- Create a wallet
- Use your existing wallet
How to create a new BC wallet
If you don’t have a BC wallet, click Create a wallet, then select (Continue with tKey via G)
Enter Gmail and click Next. The Gmail account you enter can be used to verify the identity of your wallet later.
Create a password for your wallet and click Continue. This password can be a level of protection if you forget your private key.
The screen shows 12 secret phrases. You need to save this secret phrase from recovering your account when necessary. Then click Continue.
You have successfully created a BC wallet.
Connect your Binance account with Wallet Direct
In order for the BC wallet to interact with the Blockchain network of the Binance smart chain, pay transaction fees or use the smart contract service. To use the BSC network, you must use the BEP20 BNB token.
It would be helpful if you had BNB in your Binance spot wallet, then link your Binance account to your BC wallet using the Wallet Direct feature. The steps are as follows:
1. Click the button in the upper right corner of the wallet, then select [Connect to Binance.com account].
Log in to your Binance account and click “Verify and Link My Address”.
After that, a window pops up, click “Connect to Wallet” and then click “Connect”.
Then, click [Sign with Wallet], then select [Confirm].
Once done, you need to perform Binance authentication.
Therefore, the BC wallet has been linked to your Binance account.
How to deposit BNB to BC wallet from Binance account
To transfer money from your Binance account, go to the BC wallet you have installed on your device, click [Receive], then select [Wallet Direct].
Enter the amount of BNB you want to transfer, then click [Next]
How to add new tokens to the BC wallet.
To add a new token to your BC wallet, click the [+] sign in the bottom corner of the screen.
Then, find the currency you want to add in the search box.
Conclusion
BC Wallet is a cryptocurrency wallet that makes it more convenient to use Binance. With the use of the BC wallet, you will be more secure than security when trading cryptocurrencies. In particular, BC’s interface is also quite easy to use, so it is very convenient for newcomers to access and trade the cryptocurrency market and Defi applications as well.
