Binance Smart Chain (BSC), also known as BNB Smart Chain, is a blockchain network designed to support smart contract applications. Operating in parallel with Binance Chain (BC), BSC combines BC’s high transaction throughput with the versatility of smart contracts. To interact with BSC, you’ll need a secure wallet. Here’s a step-by-step guide to setting up a Coin Wallet for BSC.
Step-by-Step Guide to Creating a BSC Wallet
Choose Your Platform
Create a New Wallet
- Click "Create New Wallet" and generate a 12-word recovery passphrase.
- Important: Write down the passphrase and store it securely—this is your only backup.
Verify Your Passphrase
- Re-enter two random words from the passphrase to confirm accuracy.
Set Up Security
- Create a PIN for quick access (device-specific).
- Enable biometric authentication (e.g., fingerprint/FaceID) for added convenience.
Access Your BSC Wallet
- Once setup is complete, select Binance Smart Chain from the wallet’s cryptocurrency list.
- Navigate to the "Receive" tab to find your BSC wallet address for receiving BNB.
👉 Need BNB to get started? Buy it here
Key Features of Binance Smart Chain
- Low fees: BSC transactions cost a fraction of Ethereum’s.
- Speed: Processes blocks in ~3 seconds.
- EVM-compatible: Supports Ethereum-based dApps.
FAQs
How do I install a Binance Chain wallet?
Follow the steps above to install Coin Wallet on your device or use the web app.
Is Binance Smart Chain itself a wallet?
No, BSC is a blockchain network. A wallet (like Coin Wallet) is required to store and manage BNB.
Where do I find my BSC wallet address?
Open Coin Wallet → Select Binance Smart Chain → Click "Receive".
Security Tips
- Never share your recovery phrase.
- Use hardware wallets for large holdings.
- Double-check contract addresses before interacting with dApps.
Still have questions? Contact Coin Wallet’s support team for assistance.
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