Binance Chain Wallet Guide: Install, Setting Up and Intro

Binance is a cryptocurrency exchange that allows users to trade bitcoin and other cryptocurrencies for fiat currencies.

Binance offers an attractive trading platform with low fees, high liquidity, and advanced security features. In this guide, we will show you how to install Binance chain wallet on your computer or mobile device, as well as steps to set up the service.

What Is Binance Chain Extension Wallet?

Binance Chain Extension Wallet is a Binance-branded wallet that will be available as part of the Binance Desktop App. It will allow users to store their native BNB tokens and also interact with other blockchain projects via smart contracts on the Binance platform.

How To Setup Binance Chain Wallet

Step 1:  Download and install Binance Desktop App

Binance is currently available for Windows, OSX and Linux. You can download the desktop application from here . The latest version can be downloaded at this link .

Step 2: Create your Binance account

Before you can login to your new wallet, you will need to create a new account by clicking on “Register” button in the top right corner of the app.

When creating an account, you will need to enter some information such as email address and password. Note that it’s important that you make sure your password is secure – no one should ever see it or know what it is! After successfully logging in with your newly created password, click on “Login”. Then select “Create Account”. Step 3: Download & Install Binance Chain Extension Wallet

The next step would be downloading Binance Chain Extension Wallet which will allow users to store their native tokens (BNB) and interact with other blockchain projects via smart contracts on the BNB platform.

To get started, click on “Settings” button in the top right corner of the app. Then select “Accounts”, then select “Extension Wallet”. Next, you will see a list of available chains and wallets that you could use to store your BNB tokens.

The first one listed is Binance Chain Extension Wallet which allows users to store their native BNB tokens and interact with other blockchain projects via smart contracts on the BNB platform. Clicking on it would allow users to download it from here.

After clicking on this option, a popup window will appear asking if you are sure about downloading the extension wallet. Once you have selected yes to continue, then click on “Download”.

Step 4: Setup & Open Your New Extension Wallet

Once downloaded and installed, click on the Binance Chain Extension Wallet icon at the bottom right corner of your desktop screen (it should be moved there automatically after installation). You will be taken to a new window where you can log in with your BNB wallet.

How To Deposit Into Binance Chain Wallet

Step 1:  Click the BNB icon at the bottom right corner of your desktop screen

In order to deposit into your new wallet, click on “BNB” icon at the bottom right corner of your desktop screen. You will be taken to a new window where you can log in with your Binance account. Enter and confirm your password then select “Login”. 

Step 2:  Select Funds from Toolbar

After successfully logging in with your newly created account, you will need to copy and paste the address generated by the Binance Desktop App into this extension wallet (it should already be there).

Step 3:  Click Deposit Button

Once you have copied and pasted it, click on Deposit button at the top left corner of this page. This would take you to another page where you can enter amount of money that you want to send or withdraw. Select how much money is needed for transfer (1-100) then press “Transfer” button next to it.

How To Move Crypto From Binance Chain Wallet To Another

Step 1:    Click the Binance icon at the bottom right corner of your desktop screen

In order to move crypto from Binance Chain Extension Wallet to another wallet, click on “Binance” icon at the bottom right corner of your desktop screen. You will be taken to a new window where you can log in with your Binance account. Enter and confirm your password then select “Login”.

Step 2:  Select Funds from Toolbar

After successfully logging in with your newly created account, you will need to copy and paste the address generated by the Binance Desktop App into this extension wallet (it should already be there). Next, select transfer funds that you wish to send or withdraw by clicking on “Funds” button at top left corner of this page. Then input amount that is needed for transfer (1-100) then press “Transfer” button next to it. After successful transaction, click on “Close”.

What Makes The Binance Chain Wallet Different From Other Crypto Wallets?

 The Binance Chain Extension Wallet is different from other crypto wallets because it allows users to store their native tokens, interact with other blockchain projects via smart contracts on the Binance Platform and convert them into other cryptocurrencies. The wallet also lets users deposit and withdraw funds in fiat currencies such as USD, EUR, JPY, HKD etc. It also has a built-in converter that makes converting coins between many pairs of cryptocurrencies very easy.

FAQ

Is There Any Minimum Deposit Amount?

No, there is no minimum deposit amount and you can deposit as much money as you want into your new Binance Chain Extension Wallet.