Top 4 Best BEP20 Wallets for Binance Smart Chain in 2023

BEP20 wallets are quickly becoming a must-have for crypto users seeking lower transaction fees and high transaction throughput. These software and hardware wallets are central to unlocking the power of the Binance Smart Chain ecosystem, and that is why you need to know all you can about them.

To get you started, this article lists 4 of the best BEP20 wallets to consider. We tell you all about their features and benefits and provide insights to help you choose the ideal wallet for your Binance Smart Chain tokens.

Best Binance Smart Chain BEP20 Wallets

Cryptocurrency wallets are an essential part of the Web3 space. There are many crypto wallets in the space, but some are more popular than others, which means they are more trusted and secure. BEP20 wallets are comparable to other leading wallets such as MetaMask and Coinbase. Let us look at some of the top wallets that support Binance Smart Chain native (BEP20) tokens.

FeaturesLedger Nano XMetamaskTrust WalletCoinbase
Wallet Type Hardware Software Software Software
Private Keys Non-custodial Non-custodial Non-custodial Custodial
User Interface Hardware Device and Mobile App Browser Extension and Mobile App Mobile App Web and Mobile App
Supported BEP20 Tokens BNB
DOT
USDT
ADA
Link
BNB
USDT
BUSD
SHIB
AVAX
LUNA
SOL
MATIC
MANA
CAKE
DOGE
LINK
XRP
BNB
USDT
BUSD

User Score

8.8

Supports 5,500+ tokens

Free shipping

Bluetooth enabled

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Ledger Nano X Hardware Wallet

ledger nano x

Ledger Wallet is the brand name for one of the best hardware cryptocurrency wallets for BEP-20 tokens. This cold storage wallet comes in several models, including the Ledger Nano S Plus and Ledger Nano X. 

ledger nano s plus

User Score

9.5

Supports 5,500+ tokens

Buy and sell crypto directly from your wallet

Highly secure; CC EAL 5+ rating

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Ledger Nano X, which is the most advanced of these hardware BEP20 wallets, has a lot to offer. This wallet is popular for its multiple use cases. It facilitates mobile trading through Bluetooth connectivity, stores NFTs, and supports at least 1,500 digital assets. It also comes with the Ledger Live app. Ledger Live is an iOS and Android-compatible mobile app that helps users connect their hardware devices to online services.

BEP20 Token Support

Averagely. Ledger Nano X wallets support at least 50 software wallets. These include MetaMask, MyEtherWallet, Cosmostation, PolkaDot JS, and even centralized wallets like Binance. 

Such a broad range of supported wallets ensures that Ledger Nano X can access some of the most in-demand coins, including ERC20 and BEP20 tokens. Here’s a list of the ten most popular BEP-20 coins you can access using a Ledger Nano X wallet.

  • Binance Coin (BNB)
  • Tether USD (TRC20) (USDT)
  • Aave (AAVE)
  • Chainlink (LINK)
  • Uniswap (UNI)

Security and Privacy

Ledger Nano X has more security features than other crypto software or hardware wallets. The first outstanding feature is that the wallet only stores seed phrases offline. This greatly reduces the risk of hacking attempts. 

Although Ledger Nano X can connect to the internet through the Ledger Live app, This does not compromise their security. This wallet uses Bankrate Secure Elements (SE), secondary chips that ensure the wallet is secure from attacks. Additionally, these BEP20 wallets also use BIP39 passphrases and have closed-source firmware, making their software inaccessible to third parties.

Related: Ledger vs Trezor: Which One Should You Use? (Updated 2023)

ledger nano x 1

User Score

8.8

Supports 5,500+ tokens

Free shipping

Bluetooth enabled

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Metamask Wallet

bep20 wallet metamask

Metamask is one of the leading cryptocurrency wallets on the Ethereum blockchain. It is a versatile product that supports several protocols across different blockchain platforms. Moreover, it supports over 450,000 coins on Ethereum, including the ability to store non-fungible tokens (NFTs).

Metamask’s usability is high, and that is what makes it so popular among many crypto enthusiasts. It seamlessly integrates with many different major crypto websites, including NFT marketplaces such as OpenSea and decentralized exchanges such as Uniswap. Additionally, it charges no fees other than the blockchain network fees required to complete transactions.

BEP20 Token Support

Metamask, a leading BEP20 wallet, is home to numerous cryptocurrencies. However, the top supported cryptocurrencies on Metamask include the following:

  • Ethereum (ETH)
  • BNBCoin (BNB)
  • USDCoin (USDC)
  • Dai (DAI)
  • Chainlink (LINK)

Besides supporting several tokens, MetaMask also supports staking. Specifically, this BEP-20 wallet allows users to stake Ethereum 2.0 and BNB, among other digital assets. To get the BEP20 assets, users can add the BSC RPC network on the Metamask Wallet.

Related: How To Send BNB to Metamask

Security and Privacy

The security of the Metamask decentralized application includes 12 unique words, biometric security, and a user-generated password. All of these are set up during wallet creation. 

Typically, the Metamask wallet setup process is quick and simple. It starts by downloading the Metamask browser extension for any Web3-compatible browser, such as Brave, Google Chrome, or Firefox. There are also dedicated mobile applications for both Android and iOS. You can read our full guide on how to create a Metamask Wallet for beginners here.

When it comes to privacy, Metamask does not keep any of the user data because the software is non-custodial. Hence, if a user loses their seed phrase, they risk losing access to their wallet and funds forever. 

The only downside with MetaMask and every other software wallet is that even with high-security levels, there’s always a possibility that the software will be susceptible to hacking malware like Trojans and other cryptocurrency scams. 

Trust Wallet

Bep20 Trust Wallet

Trust Wallet is the best BSC wallets on the market. This BEP-20 wallet is designed for convenience, allowing users to send, receive, and accumulate cryptocurrencies. Since users who hold the Trust Wallet’s native token TWT get a transaction fee waiver and the wallet has an easy-to-navigate user interface, it is considered by many to be the best Binance wallets.

Besides that, this BEP20 wallet has over 1 million cryptocurrencies and supports non-fungible tokens. It also comes as an iOS or Android application, giving users easy access to a non-custodial software-based hot wallet. 

BEP20 Token Support

Trust Wallet supports at least 1 million crypto assets of various crypto standards, including Bitcoin, ERC 20 tokens, and BEP20 tokens from the BSC. The platform’s top five supported currencies are: 

  • Bitcoin
  • Ethereum 
  • Litecoin
  • Solana
  • BNB coin

Besides crypto asset support, this BEP-20 wallet also supports crypto staking, enabling users to earn interest on their digital assets by directly staking them from the wallet. At the time of writing, there are 12 tokens available for staking, including Cosmos (ATOM) and Tezos (XTZ).

The wallet’s cryptocurrency support also extends to the purchase options it offers. This wallet allows users to purchase cryptocurrencies through many different third-party providers, including Ramp Network, Simplex, Transak, and MoonPay. 

Alternatively, there’s an option for users with other wallet Dapps like Metamask or MyEtherWallet (MEW) to migrate their funds to Trust Wallet. as long as they have their secret recovery phrase or private key. MEW users can use their keystore files or private keys, but Metamask users will find it more convenient to use their seed phrases.

Related: How to Connect Trust Wallet to PancakeSwap 

Security and Privacy

As a leading BEP-20 wallet, this platform prioritizes privacy and anonymity. Users do not have to share any personally identifiable information when signing up. The wallet’s setup process starts by downloading the app from the iOS App Store or Google Play Store.

Typically, the app has user-generated PINs and allows biometrics as an extra level of security. Trust Wallet, however, does not support multi-factor authentication. Also, while the app is flexible in its usage, each wallet is secured by a 12-word seed phrase accessible on mobile devices. These two factors compromise the application’s security.

Also, the app’s usability is limited because it is not available for older versions of the Apple MacBook or Windows desktop operating systems. Apple devices running the M1 chip can install Trust Wallet using the App Store. 

Coinbase Wallet

BSC bep-20 Wallet - Coinbase

Coinbase is one of the leading decentralized exchanges in the world, and hence, the cryptocurrency wallet has a lot of users. The wallet is easy to use for beginners and supports a large number of cryptos. Launched in 2018, Coinbase Wallet has since steadily received reviews for being a low-cost wallet. It supports over 44,000 cryptocurrencies, including Ethereum, Bitcoin, Solana, and Uniswap.

BEP20 Token Support

Most recently, the Coinbase wallet started supporting the storage of ETH-based non-fungible tokens. The Coinbase wallet also supports cryptocurrencies from different blockchain networks, such as Binance Smart Chain (BEP20), Dogecoin, Litecoin, Polygon, Ripple Network, and Stellar. Additionally, it also supports tokens from Layer 2 (L2) rollups such as Optimism and Arbitrum. 

The Coinbase Wallet also has an in-app swapping feature, where digital assets from both the Ethereum and Polygon chains can be exchanged. Moreover, the wallet allows users to earn interest on their crypto assets through a staking program. There are no wallet fees on this decentralized wallet; only the blockchain network fees apply. Therefore, the Coinbase cryptocurrency wallet has become one of the best low-cost crypto wallets on the market.

Security and Privacy

Coinbase Wallet has one of the strongest security systems in the digital asset space. The wallet is non-custodial, and therefore only the owner has access to their private keys. Moreover, users can set a PIN or a password to access their wallets. There is also the option of using biometric verification for users who have Coinbase installed on their mobile phones.

The Coinbase exchange has experienced several hacks during its lifetime. However, the Coinbase wallet has remained secure through all those hacks. This is because the Coinbase exchange operates separately from the Coinbase wallet. 

Related: MetaMask vs. Coinbase: A Crypto Wallet Showdown 

Supported Systems

There is no need to provide email addresses, names, or other personally identifiable information in order to use the Coinbase wallet. You can set up your wallet on Android and iOS mobile phones. Coinbase wallet also exists as a browser extension that allows users to connect to hundreds of decentralized applications and DeFi protocols across the different blockchains.

What is a BEP20 Wallet?

A BEP20 wallet is a decentralized application built on the Binance Smart Chain (BSC). It specifically allows support for the BEP20 token standard, which allows any person to deploy digital currencies on the BSC. The Binance Smart Chain is an EVM-compatible blockchain and is also smart contract enabled. It runs in parallel to the Binance Chain and provides a permissionless platform where decentralized applications can run.

Leading protocols and digital assets on other blockchains can also be ported onto the BSC and exist on this chain in the form of pegged BEP20 tokens. Examples of the tokens include BTCB, BETH, BLINK, and so on. 

Related: BEP2 vs BEP20 vs ERC20: What’s the difference?

How to Use BEP20 Wallet

Using a BEP20 wallet is easy and straightforward. The wallet had three main functions: to send, receive, and swap BEP20 tokens.

Add BEP-20 Tokens

Set up your wallet for Binance Smart Chain BSC by going to the Smart Chain wallet and click Receive to find your wallet address.

add bep20 wallet tokens

Send BEP-20 Tokens

set up your bep20 wallet

To send BEP20 tokens, click on the Send button and input the address of the recipient and the amount of tokens you want to send. Click Continue and verify the transaction before signing it.

Swap BEP-20 Tokens

set up your bep20 wallet

To swap BEP20 tokens on a BEP-20 wallet, you can press the Swap button. From here, you can navigate to any Binance Smart Chain BSC decentralized exchange, like BurgerSwap or even PancakeSwap.

If you don’t know where to locate your BEP20 Wallet address, you can find our guide here: How to Find BEP20 Wallet Address on Trust Wallet & Metamask.

FAQs

What Wallets Support BEP20 tokens?

Trust Wallet is one of the leading wallets that supports BEP-20 tokens. However, Metamask also has the capability of supporting Binance Smart Chain native apps.

How Can I Cash Out My BEP20 Trust Wallet?

You can cash out your BEP20 tokens from your trust wallet to your Binance account, where you can swap them for any other token you want.

How Can I Transfer BEP20 to Binance?

Token transfers for BEP20 tokens to Binance require a few simple steps. The list below summarizes them. 

– First, create an account on Binance if you don’t have one already. 
– Then, log in and click on “Funds” at the top of the screen. 
– Next, select “Deposits” and type “BEP20” into the search bar. This will show you the address where you can deposit your tokens. Copy this address and paste it into the “Destination Address” field on your preferred wallet. 
– Then, send your BEP20 tokens from your wallet to Binance by clicking on “Transfer.”

You should see them appear in your account within a few minutes.

How Can I Get Free BEP20 Tokens?

You can participate in staking select crypto assets on the Trust Wallet app. These BEP20 tokens include BNB, among others. You will receive rewards daily from the BEP-20 wallet.

Does MetaMask Support BEP20?

Yes, it does. MetaMask users have the option to incorporate the BSC RPC network within Metamask Wallet, enabling them to securely store and transact BEP20 tokens.

Does Coinbase Wallet Support BEP20?

Yes. Coinbase is one of the best Binance wallet options in the market. This BEP20 wallet supports several BSC-backed assets including Binance Coin, Dogecoin and Litecoin.

What does the BEP20 wallet address start with?

BEP20 wallet addresses often start with “x0”. However, the “x0” prefix might be a naming convention used by certain projects or tokens on the BSC, but it is not a strict requirement of the BEP20 token standard itself.

bep-20 wallet address example

ledger nano x 1

User Score

8.8

Supports 5,500+ tokens

Free shipping

Bluetooth enabled

Buy Ledger Wallet NOWRead Full Review

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