Best Binance Smart Chain NFT Wallets

by | Fact Checked

Binance is a reliable platform to buy and exchange crypto instantly, while Ledger Nano X is a secure hardware wallet for keeping digital assets and currency safe.

Binance smart chain is one of the most popular blockchain for NFTs currently.

The blockchain is owned and supported by the Binance ecosystem, with the native token being used on the platform as BEP-20 token.

Since BSC is a relatively new blockchain, not all wallets support BEP-20 tokens yet.

It allows users to mint NFTs on its platform, so finding a BSC NFT wallet is important for those that want to hold for long-term.

In this article, you will see the best BSC NFT wallets out there, but let me quickly recap what types are in the space.

Types of BSC wallets

Below are different kinds of wallet you can use to store your NFT (Non-Fungible Tokens) safely, but it’s not all of them that are the same.

Custodial Wallets

These are wallets whose private key is stored by the provider, a scenario that happens with crypto exchange wallets.

If you don’t have access to your private key, you cannot fully control the crypto-coins in your wallet – likewise connecting to DApps either.

However, if you want to engage in NFT investment on Binance, it makes sense to keep your BSC NFTs on Binance itself.

Though, you will have to bear in mind the reduced level of security and ownership.

Non-custodial Wallets

They are those cryptocurrency wallets in which their private key are under the control of the wallet owner.

This is the most secure option for most investors who want to be sure that their digital assets and NFTs are safe.

Non-custodial wallets allow users to interact with DApps, while it’s as secure as device on which it is installed.

Hot Wallets

This is essentially non-custodial wallets connected to the internet (except for centralized exchange wallets).

Hot wallets are convenient for making transactions quickly, but they are not completely secure.

The private key is stored on the provider’s network with the public key, and it’s usually protected by a user password.

As with any other password-protected service, the user can become a victim of hacking or phishing though.

To avoid crypto investment risks, it two-factor authentication (2FA) is recommended.

Cold Wallets

These are mostly hardware wallets, where the private key is stored offline on specialized equipment on specific devices.

This is the most secure way to store your BSC NFTs, but it’s often the least practical way to interact with DApps.

Best BSC NFT wallets

Let’s look at some of the best wallets for BSC NFTs around at the moment, and also see what separates them from each other.

1. Binance chain wallet

Binance exchange launched an official wallet browser extension currently supporting the smart chain, native chain and Ethereum blockchains.

Once you have this extension installed on your browser, you can easily access the BSC NFT marketplace.

It also allow you to store your BSC NFTs securely in an offline manner.

Pros Cons
Wallet Direct feature allows you to quickly and easily move funds between Binance.com and Binance Chain Wallet accounts No mobile app or a desktop version, just browser extension
Allows moving of crypto assets without manually entering addresses No way of displaying NFTs
The extension supports both BSC NFTS and Ethereum NFTs
Instant BEP-2 and BEP-20 asset swaps
Easily link your Binance account to the wallet
Comparatively easy to use

2. SafePal hardware wallet

It’s one of the best hardware wallet provider that also has a decentralized mobile wallet app.

SafePal isn’t familiar to the crypto-sphere family, but the project was founded in 2018, so they’re not all that new par say.

Backed by Binance, the SafePal S1 hardware wallet launched in 2019 as an alternative to Ledger and Trezor models with a cheaper price point.

SafePal also operates a mobile wallet which can be used separately from the hardware wallet.

It also offers a software BSC NFT wallet for those who don’t want to splash out on the SafePal S1.

However, the best results is produced when you team the software wallet with with the S1 wallet device.

Pros Cons
Very attractive price point (around half the price of equivalent other models) Laborious to set up and too complex for a novice
SafeApp supports trading and swapping of supported coins and NFTs Build quality not as good as other devices
Has a ‘self-destruct’ mode if it detects a virus or other attack Not open to users in America, China, and Japan
Supports BSC and Ethereum NFTs
Airgapped for extra security

3. Trust mobile wallet

It’s a mobile-only cryptocurrency wallet that allows its users to store, exchange and cash out funds through a secure system.

A lot of people like the Wallet because of its straightforward interface and DApp access, with the ability to store BSC NFTs.

As such it is probably best use Trust wallet BSC NFT hot wallet with a reliable VPN.

What’s particularly good about Trust Wallet for BSC NFT users is that it displays your NFT collection beautifully.

Pros Cons
One-click access to NFT applications Remains connected to the internet whenever the device is
Supports Ethereum and BSC NFTs No two-factor authentication
Ability to trade NFTs and cryptocurrencies in-app Only available on mobile
Great user-friendly UI that brings out the beauty of NFTs
Very easy and simple to setup

4. MetaMask wallet

MetaMask started out as a popular Ethereum wallet that allows you to interact with the DApp network.

However, it was upgraded with features to also add some other blockchain networks of which BSC is among.

It has both a mobile and browser extension that allow you to use Web 3.0 marketplaces with just a couple of clicks.

Many crypto enthusiasts believe MetaMask is the best BSC NFT wallet.

You barely find a crypto wallet overview that doesn’t mention MetaMask wallet, but this is for a very good reason.

Moreover, it is easier to use than any other BSC wallet, as anyone with basic knowledge of cryptocurrencies can pick up quickly.

As the most popular BSC NFT wallet with open-source code and a committed team, it’s sure to improve at a faster rate.

Pros Cons
Transactions are synchronized in both mobile apps and web apps Relies on one of a number of end clients to operate, which can impact user experience
Great encryption technology that stores each user’s password and private keys on their devices No two-factor authorization (2FA), which is a must for many mobile users
Built-in support for direct exchange between crypto-assets Concerns about the wallet sharing identifiable information with data collection networks
Built-in browser for exploring NFT and DeFi applications MetaMask is only compatible with BSC and other EVM-compatible blockchains

Final words

Hopefully this guide has given you an idea of the various BSC NFT cryptocurrency wallets in the market.

Security and reliability should be the top priority for any BSC NFT wallet user, with the interface yet another factor.

As BSC is fairly new blockchain, there aren’t a whole lot of wallets that support it.

However, the NFT market is constantly expanding, while Binance also growing at a rate of knots.

It won’t be long before more wallet providers starts supporting Binance Smart Chain.

Additionally, what you deem to be the best wallet for BSC NFTs depends totally on your individual usage.

About the Author:

I founded The Crypto Staunch, so you'll learn how to become a cryptopreneur and start investing in different cryptocurrency assets safely. Contact me for a professional investment advice from my personal experiences and guidelines.

A cryptopreneur does not mean am also a qualified investment adviser, and may not have a vested interest in some projects, or businesses mentioned here. None of the content(s) on this blog is a licensed investment advice, nor is it an advice replacement from a certified financial planner.

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